Linea Research Holdings Ltd - Accounts to registrar (filleted) - small 18.2

Linea Research Holdings Ltd - Accounts to registrar (filleted) - small 18.2

LINEA RESEARCH HOLDINGS LTD - Company Information

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REGISTERED NUMBER: 11727359 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2021

for

Linea Research Holdings Ltd
Linea Research Holdings Ltd (Registered number: 11727359)

Contents of the Financial Statements
for the Year Ended 31 May 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Linea Research Holdings Ltd

Company Information
for the Year Ended 31 May 2021







DIRECTORS: Mr D J B Smalley
Mr B P Ver
Mr P R Williams





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: 1 & 2 Aylesford Court
Works Road
LETCHWORTH GARDEN CITY
SG6 1LP





REGISTERED NUMBER: 11727359 (England and Wales)
Page 1
Linea Research Holdings Ltd (Registered number: 11727359)

Balance Sheet
31 May 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investments 5 1,235,748 1,235,748

CURRENT ASSETS
Debtors 6 962,200 653,756
Cash at bank 669,391 69,390
1,631,591 723,146
CREDITORS
Amounts falling due within one year 7 60,215 57,550
NET CURRENT ASSETS 1,571,376 665,596
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,807,124
1,901,344

CREDITORS
Amounts falling due after more than one
year
8
888,293
949,095
NET ASSETS 1,918,831 952,249

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 1,898,831 932,249
1,918,831 952,249

The notes form part of these financial statements

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Linea Research Holdings Ltd (Registered number: 11727359)

Balance Sheet - continued
31 May 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 March 2022 and were signed on its behalf by:




Mr D J B Smalley - Director Mr P R Williams - Director




Mr B P Ver - Director


The notes form part of these financial statements

Page 3
Linea Research Holdings Ltd (Registered number: 11727359)

Notes to the Financial Statements
for the Year Ended 31 May 2021


1. STATUTORY INFORMATION

Linea Research Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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 provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Linea Research Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Going concern
The Directors have assessed the current and future effects of COVID-19 on the Company. The Company has been able to carry out its trading activities during the pandemic, on this basis, the Directors consider it appropriate to prepare the financial statements on a going concern basis.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation
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.

Current or deferred taxation assets and liabilities are not discounted.

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.


Page 4 continued...
Linea Research Holdings Ltd (Registered number: 11727359)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2021


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2020
and 31 May 2021 1,235,748
NET BOOK VALUE
At 31 May 2021 1,235,748
At 31 May 2020 1,235,748

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed by group undertakings 960,336 647,749
Other debtors 1,864 6,007
962,200 653,756

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 59,825 57,160
Other creditors 390 390
60,215 57,550

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 888,293 949,095

Page 5 continued...
Linea Research Holdings Ltd (Registered number: 11727359)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2021


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2021 2020
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 627,944 697,166

9. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 948,118 1,006,255

On 19 June 2019, Bank of Scotland PLC secured a fixed and floating charge, including a negative pledge, over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery.

Page 6