Registered number
09714561
Crosslink Holdings Limited
Filleted Accounts
31 December 2023
Crosslink Holdings Limited
Registered number: 09714561
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 737,067 374,355
Investments 4 3 3
737,070 374,358
Current assets
Debtors 5 - 984
Cash at bank and in hand 21,119 102,541
21,119 103,525
Creditors: amounts falling due within one year 6 (716) (714)
Net current assets 20,403 102,811
Net assets 757,473 477,169
Capital and reserves
Called up share capital 100 6
Profit and loss account 757,373 477,163
Shareholders' funds 757,473 477,169
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R J Mills
Director
Approved by the board on 23 September 2024
Crosslink Holdings Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Fixtures and fittings Total
£ £
Cost
At 1 January 2023 373,363 4,956 378,319
Additions 358,622 6,352 364,974
At 31 December 2023 731,985 11,308 743,293
Depreciation
At 1 January 2023 - 3,964 3,964
Charge for the year - 2,262 2,262
At 31 December 2023 - 6,226 6,226
Net book value
At 31 December 2023 731,985 5,082 737,067
At 31 December 2022 373,363 992 374,355
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2023 3
At 31 December 2023 3
5 Debtors 2023 2022
£ £
Other debtors - 984
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 316 714
Other creditors 400 -
716 714
7 Controlling party
The company was under the control of Mr and Mrs R J Mills throughout the year. Mr and Mrs Mills are the company's directors and, together with members of their close family, they hold 100% of its issued share capital.
8 Other information
Crosslink Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4.06
Cannock Chase Enterprise Centre
Walkers Rise
Hednesford
Cannock
Staffs
WS12 0QU
Crosslink Holdings Limited 09714561 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts July 2024 R J Mills No description of principal activity 09714561 2022-01-01 2022-12-31 09714561 core:WithinOneYear 2022-12-31 09714561 core:ShareCapital 2022-12-31 09714561 core:RetainedEarningsAccumulatedLosses 2022-12-31 09714561 2023-01-01 2023-12-31 09714561 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09714561 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09714561 bus:Director40 2023-01-01 2023-12-31 09714561 1 2023-01-01 2023-12-31 09714561 2 2023-01-01 2023-12-31 09714561 core:LandBuildings 2023-01-01 2023-12-31 09714561 core:PlantMachinery 2023-01-01 2023-12-31 09714561 countries:England 2023-01-01 2023-12-31 09714561 bus:FRS102 2023-01-01 2023-12-31 09714561 bus:FilletedAccounts 2023-01-01 2023-12-31 09714561 2023-12-31 09714561 core:WithinOneYear 2023-12-31 09714561 core:ShareCapital 2023-12-31 09714561 core:RetainedEarningsAccumulatedLosses 2023-12-31 09714561 core:LandBuildings 2023-12-31 09714561 core:PlantMachinery 2023-12-31 09714561 2022-12-31 09714561 core:LandBuildings 2022-12-31 09714561 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure