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Registered number: 02154216

Linley Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2016


Linley Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2016
DIRECTORS
Graham Robeson
Harley Rowland (Resigned 31 March 2016)
SECRETARY
Yvonne Kelsey
REGISTERED OFFICE
5 Savile Row
London
W1 S 3PB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02154216

Linley Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2016
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 31/12/2016
2016 2015
Notes £ £
FIXED ASSETS
Investment Assets 2 638,816 610,266
CURRENT ASSETS
Debtors 3 1,327,301 1,453,301
Cash at bank and in hand 262,635 92,599
1,589,936 1,545,900
CREDITORS: Amounts falling due within one year 4 31,780,674 31,737,746
NET CURRENT LIABILITIES (30,190,738) (30,191,846)
TOTAL ASSETS LESS CURRENT LIABILITIES (29,551,922) (29,581,580)
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and loss account (29,552,022) (29,581,680)
SHAREHOLDERS' FUNDS ( 29,551,922 ) (29,581,580)
For the year ending 31/12/2016 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 01/09/2017 and signed on their behalf by
.............................
Graham Robeson
Director

Linley Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2016
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.
2. INVESTMENT FIXED ASSETS
Listed
Investments Loans Total
£ £ £
Cost
At 01/01/2016 610,266 593,860 1,204,126
Additions 150,000 - 150,000
Disposals (121,450) - (121,450)
At 31/12/2016 638,816 593,860 1,232,676
Amortisation
At 01/01/2016 - 593,860 593,860
At 31/12/2016 - 593,860 593,860
Net Book Amounts
At 31/12/2016 638,816 - 638,816
At 31/12/2015 610,266 - 610,266
The Company invested in 128,600 shares in Lottalot Ltd in 2013. The investment has been written down to nil to reflect the recovery value in 2013, which still applies in 2016. The share are still held.
The Company opened a facility with RBC Capital Markets and invested the GBP equivalent of $1m in marketable securities, of which £488,816 are held on account for sale at year end 2016 (£610,266 at year end 2015). The Company subscribed to £150,000 in Ordinary £1 shares in a private limited company Cirrus Capital Ltd in the last quarter of 2016. The investment is still held at year end. A revaluation of the investment has been deferred to the 2017 period.
The Company provided a loan facility in 2014 with the capital settled in full in 2015.
3. DEBTORS 2016 2015
£ £
Amounts falling due within one year
Amounts due from group companies 1,327,301 1,453,301
1,327,301 1,453,301

Linley Limited

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£ £
Amounts due to group companies 31,780,674 31,737,746
31,780,674 31,737,746
5. EMPLOYEES
2016 2015
No. No.
The Company did not employ any personnel during the period 2016 and 2015.
6. SHARE CAPITAL 2016 2015
£ £
Allotted, issued and fully paid:
100 Ordinary shares of £ 1 each 100 100
100 100
7. CONTROLLING PARTY
As at 31 December 2016 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 5 Savile Row, London, W1S 3PB.
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.
8. RELATED PARTY TRANSACTIONS
The directors are not aware of any reason why the overdraft facility should not be extended by group company facilites. As a result these accounts have been prepared on a going concern basis of accounting.