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REGISTERED NUMBER: SC686487 (Scotland)















LINKFIELD RESIDENTIAL LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023






LINKFIELD RESIDENTIAL LIMITED (REGISTERED NUMBER: SC686487)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


LINKFIELD RESIDENTIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: H L Coldwell
P J Coldwell





REGISTERED OFFICE: 19 Linkfield Road
Musselburgh
Midlothian
EH21 7LQ





REGISTERED NUMBER: SC686487 (Scotland)





ACCOUNTANTS: DTE Business Advisers Limited
Chartered Accountants
The Exchange
5 Bank Street
Bury
BL9 0DN

LINKFIELD RESIDENTIAL LIMITED (REGISTERED NUMBER: SC686487)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 30,518 34,965

CURRENT ASSETS
Debtors 5 186,313 -
Cash at bank and in hand 78,730 1,175
265,043 1,175
CREDITORS
Amounts falling due within one year 6 (72,325 ) (36,097 )
NET CURRENT ASSETS/(LIABILITIES) 192,718 (34,922 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,236

43

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 223,136 (57 )
223,236 43

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 directors acknowledge their 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.

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 and authorised for issue on 16 November 2023 and were signed on its behalf by:





P J Coldwell - Director


LINKFIELD RESIDENTIAL LIMITED (REGISTERED NUMBER: SC686487)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Linkfield Residential Limited is a private company, limited by shares, registered in Scotland. The company's registered number SC686487 and registered address is 19 Linkfield Road, Musselburgh, Midlothian, EH21 7LQ.

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.

At 31 March 2023 the company had net assets of £223,236 (2022: £43). The directors believe that the company has generated a profit after the year-end and continues to meet its obligations as they fall due. As such, the directors believe that it is appropriate to prepare the accounts on a going concern basis.

Significant judgements and estimates
There are currently no significant judgements and estimates applied by the directors which are considered key to the preparation of the financial statements.

Revenue
Revenue is recognised on care and accommodation services on a straight line basis over the relevant period. Amounts invoiced in advance are included as deferred income in the statement of financial position. Amounts invoiced in arrears are included as accrued income in the statement of financial position.

Property plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and 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 the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

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 statement of financial position date.


LINKFIELD RESIDENTIAL LIMITED (REGISTERED NUMBER: SC686487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2022 34,965
Additions 2,803
At 31 March 2023 37,768
DEPRECIATION
Charge for year 7,250
At 31 March 2023 7,250
NET BOOK VALUE
At 31 March 2023 30,518
At 31 March 2022 34,965

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,536 -
Amounts owed by group undertakings 142,162 -
Other debtors 24,615 -
186,313 -

LINKFIELD RESIDENTIAL LIMITED (REGISTERED NUMBER: SC686487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 7,102 -
Amounts owed to group undertakings - 32,226
Taxation and social security 57,430 -
Other creditors 7,793 3,871
72,325 36,097

7. SECURED DEBTS

There is a fixed and floating charge over the assets of the company by way of a debenture.