ACCOUNTS - Final Accounts preparation

LINA STORES CC LTD - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-012023-01-01No description of principal activitytruefalse1true2021-09-10 13613266 2021-09-09 13613266 2021-09-10 2023-01-01 13613266 2020-09-10 2021-09-09 13613266 2023-01-01 13613266 c:Director2 2021-09-10 2023-01-01 13613266 d:Buildings d:LongLeaseholdAssets 2021-09-10 2023-01-01 13613266 d:Buildings d:LongLeaseholdAssets 2023-01-01 13613266 d:CurrentFinancialInstruments 2023-01-01 13613266 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-01 13613266 d:ShareCapital 2023-01-01 13613266 d:RetainedEarningsAccumulatedLosses 2023-01-01 13613266 c:FRS102 2021-09-10 2023-01-01 13613266 c:Audited 2021-09-10 2023-01-01 13613266 c:FullAccounts 2021-09-10 2023-01-01 13613266 c:PrivateLimitedCompanyLtd 2021-09-10 2023-01-01 13613266 c:SmallCompaniesRegimeForAccounts 2021-09-10 2023-01-01 13613266 4 2021-09-10 2023-01-01 iso4217:GBP xbrli:pure

Registered number: 13613266

LINA STORES CC LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 1 JANUARY 2023

LINA STORES CC LIMITED

REGISTERED NUMBER: 13613266

BALANCE SHEET

AS AT 1 JANUARY 2023

		Period ended 1 January 2023
Note		£

Fixed assets
Tangible assets	4		202,036
			202,036
Current assets
Debtors: amounts falling due within one year	5	58,657
Cash at bank and in hand	6	206
		58,863
Creditors: amounts falling due within one year	7	(308,104)
Net current liabilities			(249,241)
Total assets less current liabilities			(47,205)

Net liabilities			(47,205)

Capital and reserves
Called up share capital			1
Profit and loss account			(47,206)
			(47,205)

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LINA STORES CC LIMITED

REGISTERED NUMBER: 13613266

BALANCE SHEET (CONTINUED)

AS AT 1 JANUARY 2023

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

C Miller

Director

Date: 9 October 2023

The notes on pages 3 to 6 form part of these financial statements.

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LINA STORES CC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 1 JANUARY 2023

1.	General information

Lina Stores CC Limited is a private company limited by shares, incorporated in England & Wales (registered number 13613266). Its registered office and principal place of business is 12-14 Denman Street, London, England, W1D 7HJ.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The company is in a net deficit position and as a result is dependant on funding from other group companies. Therefore, the director considers it appropriate to prepare the financial statements on a going concern basis. Accordingly the director has continued to prepare the financial statements on the going concern basis.

2.3

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold Improvements

20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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LINA STORES CC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 1 JANUARY 2023

2.Accounting policies (continued)

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 1.

4.	Tangible fixed assets

		Leasehold Improvements
		£
	Cost or valuation
	Additions	213,449
	At 1 January 2023	213,449
	Depreciation
	Charge for the period on owned assets	11,413
	At 1 January 2023	11,413
	Net book value
	At 1 January 2023	202,036

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LINA STORES CC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 1 JANUARY 2023

Debtors

					1 January 2023
					£


	Other debtors	57,534
	Prepayments and accrued income	1,123
		58,657

6.	Cash and cash equivalents
		1 January 2023
		£

	Cash at bank and in hand	206
		206

7.	Creditors: Amounts falling due within one year
		1 January 2023
		£

	Trade creditors	45,257
	Amounts owed to group undertakings	233,318
	Accruals and deferred income	29,529
		308,104

8.	Related party transactions
	Included within creditors is an amount of £233,318 due to group companies.

9.	Controlling party

The intermediate controlling party is WRP Holdco Limited, a limited company incorporated in England and Wales (registered number: 14264912). The registered office address is 12-14 Denman Street, W1D 7HJ. The ultimate controlling party is C Miller.

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LINA STORES CC LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 1 JANUARY 2023

10.	Auditors' information

The auditors' report on the financial statements for the period ended 1 January 2023 was unqualified.

The audit report was signed on 9 October 2023 by Daniel Walters (Senior Statutory Auditor) on behalf of Harris and Trotter LLP.

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