IRIS Accounts Production v23.2.0.158 07732641 director 1.4.22 31.3.23 31.3.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077326412022-03-31077326412023-03-31077326412022-04-012023-03-31077326412021-03-31077326412021-04-012022-03-31077326412022-03-3107732641ns10:Originalns15:EnglandWales2022-04-012023-03-3107732641ns14:PoundSterlingns10:Original2022-04-012023-03-3107732641ns10:Originalns10:Director12022-04-012023-03-3107732641ns10:Original2022-04-012023-03-3107732641ns10:Original2023-03-3107732641ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3107732641ns10:Originalns10:SmallEntities2022-04-012023-03-3107732641ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3107732641ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3107732641ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3107732641ns10:Originalns10:FullAccounts2022-04-012023-03-3107732641ns10:Original2021-04-012022-03-3107732641ns10:Originalns10:RegisteredOffice2022-04-012023-03-3107732641ns10:Original2022-03-3107732641ns10:Originalns5:CurrentFinancialInstruments2023-03-3107732641ns10:Originalns5:CurrentFinancialInstruments2022-03-3107732641ns10:Originalns5:Non-currentFinancialInstruments2023-03-3107732641ns10:Originalns5:Non-currentFinancialInstruments2022-03-3107732641ns5:ShareCapitalns10:Original2023-03-3107732641ns5:ShareCapitalns10:Original2022-03-3107732641ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3107732641ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3107732641ns10:Originalns5:PlantMachinery2022-04-012023-03-3107732641ns10:Originalns5:PlantMachinery2022-03-3107732641ns10:Originalns5:PlantMachinery2023-03-3107732641ns10:Originalns5:PlantMachinery2022-03-3107732641ns10:Original2022-03-3107732641ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3107732641ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 07732641 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Links Estates Limited

Links Estates Limited (Registered number: 07732641)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Links Estates Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S H Roberts





REGISTERED OFFICE: Shiftwork Royal House
14 Upper Northgate Street
Chester
CH1 4EE





REGISTERED NUMBER: 07732641 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Links Estates Limited (Registered number: 07732641)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 183 366
Investment property 5 3,027,000 3,027,000
3,027,183 3,027,366

CURRENT ASSETS
Stocks 246,510 211,510
Debtors 6 6,365 71,898
Cash at bank and in hand 11,152 20,278
264,027 303,686
CREDITORS
Amounts falling due within one year 7 294,946 1,740,676
NET CURRENT LIABILITIES (30,919 ) (1,436,990 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,996,264

1,590,376

CREDITORS
Amounts falling due after more than one
year

8

(1,460,118

)

(172,632

)

PROVISIONS FOR LIABILITIES (119,096 ) (119,131 )
NET ASSETS 1,417,050 1,298,613

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,416,950 1,298,513
1,417,050 1,298,613

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Links Estates Limited (Registered number: 07732641)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 27 October 2023 and were signed by:





S H Roberts - Director


Links Estates Limited (Registered number: 07732641)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Links Estates 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Despite the company's net current liabilities position at the year end the financial statements have been prepared on a going concern basis as the company has the continued support of its directors and parent undertaking.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover represents the fair value of the consideration of rents received excluding value added tax. Turnover is recognised in the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.


Links Estates Limited (Registered number: 07732641)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 549
DEPRECIATION
At 1 April 2022 183
Charge for year 183
At 31 March 2023 366
NET BOOK VALUE
At 31 March 2023 183
At 31 March 2022 366

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 3,027,000
NET BOOK VALUE
At 31 March 2023 3,027,000
At 31 March 2022 3,027,000

Links Estates Limited (Registered number: 07732641)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. INVESTMENT PROPERTY - continued


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 3,616 13,630
Other debtors 2,749 58,268
6,365 71,898

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 35,550 35,550
Trade creditors 14,758 1,264
Taxation and social security 62,082 57,743
Other creditors 182,556 1,646,119
294,946 1,740,676

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 137,246 172,632
Other creditors 1,322,872 -
1,460,118 172,632

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 143,059 168,664

10. RELATED PARTY DISCLOSURES

S H Roberts is also a director of Hilbre Estates Limited. Included in other creditors as at 31st March 2023 is £1,322,872 (2022 £1,475,225) owing to Hilbre Estates Limited.