02154216 false other wholesale 2017-01-01 2017-12-31 http://www.companieshouse.gov.uk/ 2016-12-31 http://www.companieshouse.gov.uk/ pt:ShareCapital 2016-12-31 http://www.companieshouse.gov.uk/ cd:Director1 2017-01-01 2017-12-31 http://www.companieshouse.gov.uk/ pt:ShareCapital 2017-12-31 http://www.companieshouse.gov.uk/ cd:OrdinaryShareClass1 2017-01-01 2017-12-31 http://www.companieshouse.gov.uk/ cd:RegisteredOffice 2017-01-01 2017-12-31 http://www.companieshouse.gov.uk/ cd:AuditExemptWithAccountantsReport 2017-01-01 2017-12-31 http://www.companieshouse.gov.uk/ pt:CurrentFinancialInstruments 2017-12-31 http://www.companieshouse.gov.uk/ pt:CurrentFinancialInstruments 2016-12-31 http://www.companieshouse.gov.uk/ 2017-01-01 2017-12-31 http://www.companieshouse.gov.uk/ 2016-12-31 http://www.companieshouse.gov.uk/ cd:FRS102 2017-01-01 2017-12-31 http://www.companieshouse.gov.uk/ 2017-12-31 http://www.companieshouse.gov.uk/ cd:FullAccounts 2017-01-01 2017-12-31 http://www.companieshouse.gov.uk/ cd:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 02154216

Linley Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2017


Linley Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2017
DIRECTORS
Graham Robeson
SECRETARY
Yvonne Kelsey
REGISTERED OFFICE
2 Duke Street
London
SW1Y 6BN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02154216

Linley Limited

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 -

Linley Limited

BALANCE SHEET AT 31/12/2017
2017 2016
Notes £ £
FIXED ASSETS
Investment Assets 2 - 638,816
CURRENT ASSETS
Debtors 3 1,327,302 1,327,301
Cash at bank and in hand 400,561 262,635
1,727,863 1,589,936
CREDITORS: Amounts falling due within one year 4 31,231,365 31,780,674
NET CURRENT LIABILITIES ( 29,503,502 ) (30,190,738)
TOTAL ASSETS LESS CURRENT LIABILITIES ( 29,503,502 ) ( 29,551,922 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and loss account (29,503,602) (29,552,022)
SHAREHOLDERS' FUNDS ( 29,503,502 ) ( 29,551,922 )
For the year ending 31/12/2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 31/08/2018 and signed on their behalf by
.............................
Graham Robeson
Director

Linley Limited

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

Linley Limited

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:
100 Ordinary shares of £ 1 each 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.