Registered number: 02154216 | ||||||||
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FOR THE YEAR ENDED 31/12/2017 | ||||||||
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Linley Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2017 | ||||||||
DIRECTORS | ||||||||
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SECRETARY | ||||||||
Yvonne Kelsey | ||||||||
REGISTERED OFFICE | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 02154216 | ||||||||
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Linley Limited | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2017 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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Linley Limited | ||||||||
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BALANCE SHEET AT
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2017 | 2016 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Investment Assets | 2 |
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CURRENT ASSETS | ||||||||||
Debtors | 3 |
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Cash at bank and in hand |
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1,727,863 | 1,589,936 | |||||||||
CREDITORS: Amounts falling due within one year | 4 |
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NET CURRENT LIABILITIES |
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(30,190,738) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 |
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Profit and loss account | (29,503,602) | (29,552,022) | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Linley Limited | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/12/2017 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
2. FiNANCIAL ASSETS | |||||||||
Listed | Other | ||||||||
Investments | Investments | Total | |||||||
£ | £ | £ | |||||||
Cost | |||||||||
At 01/01/2017 | 488,816 | 150,000 | 638,816 | ||||||
Disposals | (488,816) | - | (488,816) | ||||||
Revaluation | - | (150,000) | (150,000) | ||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31/12/2016 | 488,816 | 150,000 | 638,816 | ||||||
The Company opened a trading facility with RBC Capital Markets in 2015 and invested the GBP equivalent of $1m in marketable securities (£488,816 held at year end 2016). The securities were realised during the period 2017 and the account closed. | |||||||||
3. DEBTORS | 2017 | 2016 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Amounts due from group companies | 1,327,302 | 1,327,301 | ||||||
1,327,302 | 1,327,301 | |||||||
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Linley Limited | ||||||||
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4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2017 | 2016 | |||||||
£ | £ | |||||||
Amounts due to group companies | 31,231,365 | 31,780,674 | ||||||
31,231,365 | 31,780,674 | |||||||
The directors are not aware of any reason why the overdraft facility should not be extended by group company facilites. | ||||||||
5. EMPLOYEES | ||||||||
2017 | 2016 | |||||||
No. | No. | |||||||
Average number of employees | - | - | ||||||
The Company did not employ any personnel during the period 2017 and 2016. | ||||||||
6. SHARE CAPITAL | 2017 | 2016 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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100 | 100 | ||||||
100 | 100 | |||||||
7. CONTROLLING PARTY | ||||||||
As at 31 December 2017 the Company is a subsidiary of Lawgra (No.365) Limited which is incorporated in England and Wales. Copies of the financial statements of Lawgra (No.365) Limited can be obtained from its registered office at 2 Duke Street, London, SW1Y 6BN. | ||||||||
As at 31 December 2017 the ultimate parent undertaking of Linley Limited was Albany Settlements Limited, a company incorporated in the British Virgin Islands. Linley Limited is ultimately controlled by The Rowland Purpose Trust 2001. | ||||||||