Linus UK Facility Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10217289 (England and Wales)

Financial Statements for the Year Ended 31 December 2018

for

Linus UK Facility Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J A Heinrich

D J Neuhoff

REGISTERED OFFICE:

27 Old Gloucester Street

London

WC1N 3AX

REGISTERED NUMBER:

10217289 (England and Wales)

AUDITOR:

Harts Limited

Westminster House

10 Westminster Road

Macclesfield

Cheshire

SK10 1BX

FIXED ASSETS

Investments

4

843,222

788,179

CURRENT ASSETS

Debtors

5

6,407,380

4,362,136

Prepayments and accrued income

140,521

70,962

Cash at bank

171,759

642,814

6,719,660

5,075,912

CREDITORS

Amounts falling due within one year

6

7,577,618

5,801,544

NET CURRENT LIABILITIES

(857,958

)

(725,632

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,736

)

62,547

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

(14,836

)

62,447

SHAREHOLDERS' FUNDS

(14,736

)

62,547

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 on 18 December 2019 and were signed on its behalf by:

D J Neuhoff - Director

1.	STATUTORY INFORMATION

Linus UK Facility Limited 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 place of business is 27 Old Gloucester Street, London, WC1N 3AX.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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.

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.

Going concern

After making enquiries, the director has reasonable expectation that the company has adequate

resources through the parent company to continue in operational existence and meet its liabilities as

they fall due for the foreseeable future, being a period of at least twelve months from the date these

financial statements were approved. Accordingly, the director continues to adopt the going concern

basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - NIL ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2018

788,179

Additions

55,043

At 31 December 2018

843,222

NET BOOK VALUE

At 31 December 2018

843,222

At 31 December 2017

788,179

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Other debtors

6,407,380

4,362,136

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

390

-

Amounts owed to group undertakings

7,574,729

5,779,285

Taxation and social security

(501

)

15,059

Other creditors

3,000

7,200

7,577,618

5,801,544

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

£

100

Ordinary

£1

100

100

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Melissa Bowers FCCA (Senior Statutory Auditor)

for and on behalf of Harts Limited

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Pelion Capital Gmbh, a company incorporated in Germany. Copies

of the group’s financial statements can be obtained from Wehrmathen 74, 12529 Schönefeld,

Germany.