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REGISTERED NUMBER: 00874863 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Linkester Engineering Limited

Linkester Engineering Limited (Registered number: 00874863)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Linkester Engineering Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs S T Sykes
Ms A F Sykes





SECRETARY: Ms A F Sykes





REGISTERED OFFICE: Brookhouse Farm
Mount Pleasant , Rainow
Macclesfield
Cheshire
SK10 5TJ





REGISTERED NUMBER: 00874863 (England and Wales)





ACCOUNTANTS: BullockWoodburn Limited
Norfolk House
Hardwick Square North
Buxton
SK17 6PU

Linkester Engineering Limited (Registered number: 00874863)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75 148
Investment property 5 1,700,000 1,700,000
1,700,075 1,700,148

CURRENT ASSETS
Debtors 6 197,762 57,799
Cash at bank 280,918 365,410
478,680 423,209
CREDITORS
Amounts falling due within one year 7 47,839 51,721
NET CURRENT ASSETS 430,841 371,488
TOTAL ASSETS LESS CURRENT LIABILITIES 2,130,916 2,071,636

PROVISIONS FOR LIABILITIES 163,870 163,884
NET ASSETS 1,967,046 1,907,752

CAPITAL AND RESERVES
Called up share capital 8 242,002 242,002
Fair value reserve 764,669 764,669
Retained earnings 960,375 901,081
SHAREHOLDERS' FUNDS 1,967,046 1,907,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Linkester Engineering Limited (Registered number: 00874863)

Balance Sheet - continued
31 March 2024


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 10 September 2024 and were signed on its behalf by:




Mrs S T Sykes - Director



Ms A F Sykes - Director


Linkester Engineering Limited (Registered number: 00874863)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Linkester Engineering 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 as modified by the revaluation of certain assets.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable. The turnover shown in the profit and loss account represents the rent due in the period.

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 - straight line over 5-10 years

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.

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.


Linkester Engineering Limited (Registered number: 00874863)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023 27,638
Disposals (4,202 )
At 31 March 2024 23,436
DEPRECIATION
At 1 April 2023 27,490
Charge for year 44
Eliminated on disposal (4,173 )
At 31 March 2024 23,361
NET BOOK VALUE
At 31 March 2024 75
At 31 March 2023 148

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,700,000
NET BOOK VALUE
At 31 March 2024 1,700,000
At 31 March 2023 1,700,000

Linkester Engineering Limited (Registered number: 00874863)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. INVESTMENT PROPERTY - continued

The Investment Property was revalued by the Whittaker & Biggs, Chartered Surveyors, on 29 October 2020 on an open market existing use basis at an amount of £1,700,000. The valuation was based on a combination of a multiple of the rents receivable and their estimate of the value of local property.

The Directors are not aware of any material change in value from the year end date to the date of the valuation.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2006 771,475
Valuation in 2020 928,525
1,700,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 771,475 771,475

Investment property was valued on a tenanted market basis on 29 October 2020 by Whittaker & Biggs .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,012 18,385
Other debtors 710 4
Sykes Farm 32,830 25,741
VAT 24,927 -
Prepayments 103,283 13,669
197,762 57,799

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 14,461 139
Corporation tax 20,545 28,858
Social security and other taxes 1,785 1,138
Wages control - 2,250
VAT - 7,258
Other creditors 7,875 6,902
Accrued expenses 3,173 5,176
47,839 51,721

Linkester Engineering Limited (Registered number: 00874863)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
242,000 Ordinary £1 242,000 242,000
2 Ordinary B £1 2 2
242,002 242,002