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Registration number: 10552463

Melksham Link Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2023

 

Melksham Link Limited

Contents

Directors' Report

1

Profit and Loss Account

2

Balance Sheet

3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 7

Detailed Profit and Loss Account

8

 

Melksham Link Limited

Directors' Report for the Year Ended 31 January 2023

The directors present their report and the financial statements for the year ended 31 January 2023.

Director of the company

The directors who held office during the year were as follows:

Mark Jeremy Borg

Ian Richard Britton-Le-Bihan

Principal activity

The principal activity of the company is the design & build company setup to gain planning approval to build a marina & associated works for onward sale.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 30 June 2023 and signed on its behalf by:
 

.........................................
Ian Richard Britton-Le-Bihan
Director

 

Melksham Link Limited

Profit and Loss Account for the Year Ended 31 January 2023

Note

2023
£

2022
£

Turnover

 

43,158

-

Gross profit

 

43,158

-

Administrative expenses

 

(175,395)

(63,564)

Operating loss

 

(132,237)

(63,564)

Loss before tax

4

(132,237)

(63,564)

Loss for the financial year

 

(132,237)

(63,564)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Melksham Link Limited

(Registration number: 10552463)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

108,678

-

Current assets

 

Debtors

6

32,025

2,118

Cash at bank and in hand

 

77,336

34,448

 

109,361

36,566

Creditors: Amounts falling due within one year

7

(15,013)

(14,903)

Net current assets

 

94,348

21,663

Total assets less current liabilities

 

203,026

21,663

Creditors: Amounts falling due after more than one year

7

(413,600)

(100,000)

Net liabilities

 

(210,574)

(78,337)

Capital and reserves

 

Called up share capital

8

100

100

Profit and loss account

(210,674)

(78,437)

Shareholders' deficit

 

(210,574)

(78,337)

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 30 June 2023 and signed on its behalf by:
 

.........................................
Ian Richard Britton-Le-Bihan
Director

 

Melksham Link Limited

Statement of Changes in Equity for the Year Ended 31 January 2023

Share capital
£

Profit and loss account
£

Total
£

At 1 February 2022

100

(78,437)

(78,337)

Loss for the year

-

(132,237)

(132,237)

Total comprehensive income

-

(132,237)

(132,237)

At 31 January 2023

100

(210,674)

(210,574)

Share capital
£

Profit and loss account
£

Total
£

At 1 February 2021

100

(14,873)

(14,773)

Loss for the year

-

(63,564)

(63,564)

Total comprehensive income

-

(63,564)

(63,564)

At 31 January 2022

100

(78,437)

(78,337)

 

Melksham Link Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
3 Slaters Court
Princess Street
Knutsford
Cheshire
WA16 6BW
England

These financial statements were authorised for issue by the Board on 30 June 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

5% straight line

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

Melksham Link Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

4

Loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

733

-

5

Tangible assets

Land and buildings
£

Motor vehicles
 £

Total
£

Cost or valuation

Additions

58,615

50,796

109,411

At 31 January 2023

58,615

50,796

109,411

Depreciation

Charge for the year

733

-

733

At 31 January 2023

733

-

733

Carrying amount

At 31 January 2023

57,882

50,796

108,678

Included within the net book value of land and buildings above is £57,882 (2022 - £Nil) in respect of freehold land and buildings.
 

6

Debtors

2023
£

2022
£

Other debtors

32,025

2,118

32,025

2,118

 

Melksham Link Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

300

300

Other creditors

14,713

14,603

15,013

14,903

Creditors: amounts falling due after more than one year

2023
£

2022
£

Due after one year

Other non-current financial liabilities

413,600

100,000

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A of £1 each

67

67

67

67

Ordinary B of £1 each

33

33

33

33

 

100

100

100

100

 

Melksham Link Limited

Detailed Profit and Loss Account for the Year Ended 31 January 2023

2023
£

2022
£

   

Turnover

Sale of goods, UK

43,158

-

   

Establishment costs

Insurance

(272)

-

   

General administrative expenses

Sundry expenses

(223)

(166)

Travel and subsistence

(455)

-

Accountancy fees

(585)

(306)

Legal and professional fees

(173,001)

(63,000)

(174,264)

(63,472)

   

Finance charges

Bank charges

(126)

(92)

   

Depreciation costs

Depreciation of freehold property

(733)

-