REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2020 |
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FOR
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LINTON PROJECTS LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2020 |
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FOR
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LINTON PROJECTS LTD |
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LINTON PROJECTS LTD (REGISTERED NUMBER: 05684296)
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CONTENTS OF THE FINANCIAL STATEMENTS
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FOR THE YEAR ENDED 31 DECEMBER 2020
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Page
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Company Information
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1
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Balance Sheet
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2
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Notes to the Financial Statements
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4
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LINTON PROJECTS LTD
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COMPANY INFORMATION
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FOR THE YEAR ENDED 31 DECEMBER 2020
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DIRECTORS:
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REGISTERED OFFICE:
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REGISTERED NUMBER:
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ACCOUNTANTS:
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Bryant House
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Bryant Road
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Strood
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Rochester
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Kent
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ME2 3EW
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LINTON PROJECTS LTD (REGISTERED NUMBER: 05684296)
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BALANCE SHEET
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31 DECEMBER 2020
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2020
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2019
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as restated
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Notes
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£
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£
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£
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£
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FIXED ASSETS
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Tangible assets
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5
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CURRENT ASSETS
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Stocks
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Debtors
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6
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Cash at bank and in hand
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CREDITORS
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Amounts falling due within one year
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7
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NET CURRENT LIABILITIES
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(
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(
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TOTAL ASSETS LESS CURRENT
LIABILITIES
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CREDITORS
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Amounts falling due after more than one
year
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8
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NET ASSETS
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CAPITAL AND RESERVES
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Called up share capital
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2
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2
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Retained earnings
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-
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207,356
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2
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207,358
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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LINTON PROJECTS LTD (REGISTERED NUMBER: 05684296)
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BALANCE SHEET - continued
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31 DECEMBER 2020
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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The financial statements were approved by the Board of Directors and authorised for issue on
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LINTON PROJECTS LTD (REGISTERED NUMBER: 05684296)
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NOTES TO THE FINANCIAL STATEMENTS
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FOR THE YEAR ENDED 31 DECEMBER 2020
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1.
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STATUTORY INFORMATION
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Linton Projects Ltd is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2.
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STATEMENT OF COMPLIANCE
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These financial statements have been prepared in accordance with Financial Reporting Standard 102,
The Financial Reporting Standard applicable in the UK and Republic of Ireland, including the
presentation and disclosure requirements of Section 1A applicable to small companies, and the
Companies Act 2006.
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3.
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ACCOUNTING POLICIES
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Basis of preparing the financial statements
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The financial statements have been prepared under the historical cost convention.
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Turnover
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Revenue is measured as the fair value of the consideration received or receivable from the sale of
goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes.
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Sale of goods
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Turnover from the sale of goods is recognised when all the following conditions are satisfied:
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- the entity has transferred to the buyer the significant risks and rewards of ownership of the goods;
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- the entity retains neither continuing managerial involvement to the degree usually associated with
ownership nor effective control over the goods sold;
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- the amount of revenue can be measured reliably;
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- it is probable that the economic benefits associated with the transaction will flow to the entity; and
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- the costs incurred or to be incurred in respect of the transaction can be measured reliably.
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Tangible fixed assets
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Land and buildings
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-
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Fixtures and fittings
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-
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Stocks
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Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Financial instruments
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Basic financial assets/liabilities including trade and other receivables/payables and cash and bank balances, are initially recognised at transaction price unless the arrangement constitutes a financing transaction (loan over period of time) where the transaction is measured as present value of the future receipts discounted at a market rate of interest. Such assets/liabilities are subsequently carried at amortised cost using the effective interest method. |
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LINTON PROJECTS LTD (REGISTERED NUMBER: 05684296)
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NOTES TO THE FINANCIAL STATEMENTS - continued
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FOR THE YEAR ENDED 31 DECEMBER 2020
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3.
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ACCOUNTING POLICIES - continued
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Taxation
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Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.
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Current or deferred taxation assets and liabilities are not discounted.
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.
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Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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4.
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EMPLOYEES AND DIRECTORS
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The average number of employees during the year was
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5.
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TANGIBLE FIXED ASSETS
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Fixtures
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Land and
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and
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buildings
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fittings
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Totals
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£
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£
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£
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COST
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At 1 January 2020
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Additions
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At 31 December 2020
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DEPRECIATION
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At 1 January 2020
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Charge for year
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At 31 December 2020
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NET BOOK VALUE
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At 31 December 2020
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At 31 December 2019
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LINTON PROJECTS LTD (REGISTERED NUMBER: 05684296)
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NOTES TO THE FINANCIAL STATEMENTS - continued
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FOR THE YEAR ENDED 31 DECEMBER 2020
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6.
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DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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2020
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2019
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as
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restated
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£
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£
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Trade debtors
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Other debtors
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7.
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CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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2020
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2019
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as
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restated
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£
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£
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Bank loans and overdrafts
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Trade creditors
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Taxation and social security
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Other creditors
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8.
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CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
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2020
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2019
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as
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restated
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£
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£
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Bank loans
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Amounts falling due in more than five years:
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Repayable by instalments
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Bank loans more 5 yr by instal
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4,167
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9.
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ULTIMATE CONTROLLING PARTY
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The company's share capital is 100% owned by Medway Education Trust, a charity registered in
England & Wales, with publicly available financial statements. The charity's registered office is Linton
Park School, Heath Road, Linton, Maidstone, Kent, ME17 4HT
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The company has taken advantage of exemptions under FRS 102 not to disclose transactions with
group entities as it is a wholly owned subsidiary of Medway Education Trust.
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