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REGISTERED NUMBER: 03956677 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Linksbest Limited

Linksbest Limited (Registered number: 03956677)

Contents of the Financial Statements
for the year ended 31 May 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Linksbest Limited

Company Information
for the year ended 31 May 2023







Directors: Mr J J Frost
Mr W Frost
Miss E B F Frost





Registered office: Woodlands
Forden
Welshpool
Powys
SY21 8NP





Registered number: 03956677 (England and Wales)





Accountants: Acre Accountancy Limited
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

Linksbest Limited (Registered number: 03956677)

Abridged Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - -
Investment property 6 480,000 480,000
480,000 480,000

CURRENT ASSETS
Cash at bank 8,911 28,037

CREDITORS
Amounts falling due within one year (8,909 ) (9,683 )
NET CURRENT ASSETS 2 18,354
TOTAL ASSETS LESS CURRENT
LIABILITIES

480,002

498,354

CREDITORS
Amounts falling due after more than one
year

(124,896

)

(145,458

)

PROVISIONS FOR LIABILITIES (8,938 ) (8,938 )
NET ASSETS 346,168 343,958

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 346,068 343,858
SHAREHOLDERS' FUNDS 346,168 343,958

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Linksbest Limited (Registered number: 03956677)

Abridged Balance Sheet - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 February 2024 and were signed on its behalf by:





Miss E B F Frost - Director


Linksbest Limited (Registered number: 03956677)

Notes to the Financial Statements
for the year ended 31 May 2023


1. STATUTORY INFORMATION

Linksbest 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.

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 represents net invoiced sales of services and rentals, excluding value added tax adjusted to reflect amounts receivable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
Cost
At 1 June 2022
and 31 May 2023 25,001
Amortisation
At 1 June 2022
and 31 May 2023 25,001
Net book value

At 31 May 2023 -
At 31 May 2022 -

Linksbest Limited (Registered number: 03956677)

Notes to the Financial Statements - continued
for the year ended 31 May 2023


5. TANGIBLE FIXED ASSETS
Totals
£   
Cost
At 1 June 2022
and 31 May 2023 5,476
Depreciation
At 1 June 2022
and 31 May 2023 5,476
Net book value
At 31 May 2023 -
At 31 May 2022 -

6. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 June 2022
and 31 May 2023 480,000
Net book value
At 31 May 2023 480,000
At 31 May 2022 480,000

7. SECURED DEBTS

The bank borrowings are secured by legal charges against the company's fixed assets.