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REGISTERED NUMBER: 10956320 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

UK Link Property Investment Ltd

UK Link Property Investment Ltd (Registered number: 10956320)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

UK Link Property Investment Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Dr S Xiao
J Chen





REGISTERED OFFICE: 16 Beaufort Court
Admirals Way
Canary Wharf
London
E14 9XL





REGISTERED NUMBER: 10956320 (England and Wales)





ACCOUNTANTS: RBS Accountants Limited
16 Beaufort Court
Admirals Way
London
Docklands
London
E14 9XL

UK Link Property Investment Ltd (Registered number: 10956320)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,510 4,825
Investment property 5 2,519,964 1,625,755
2,523,474 1,630,580

CURRENT ASSETS
Debtors 6 7,895 4,818
Cash at bank 171,443 235,481
179,338 240,299
CREDITORS
Amounts falling due within one year 7 921,254 906,848
NET CURRENT LIABILITIES (741,916 ) (666,549 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,781,558

964,031

CREDITORS
Amounts falling due after more than one
year

8

(1,395,526

)

(816,150

)

PROVISIONS FOR LIABILITIES (119,966 ) (48,897 )
NET ASSETS 266,066 98,984

CAPITAL AND RESERVES
Called up share capital 2 2
Non distributable reserve 11 359,897 208,457
Retained earnings (93,833 ) (109,475 )
266,066 98,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

UK Link Property Investment Ltd (Registered number: 10956320)

Balance Sheet - continued
29 February 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 20 November 2024 and were signed on its behalf by:





Dr S Xiao - Director


UK Link Property Investment Ltd (Registered number: 10956320)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

There is a charge code 1095 6320 0001 by Paragon Bank PLC dated 25 June 2018 on 11 london road rochester kent ME2 3JA
There is a charge code 1095 6320 0006 by The Mortgage Works (UK) PLC dated 31 October 2022 on 7 clarendon gardens dartford DA2 6EY
There is a charge code 1095 6320 0005 by Paragon Bank PLC dated 21 April 2022 on 11 london road rochester kent ME2 3JA
There is a charge code 1095 6320 0007 by Landbay Partners Limited dated 29 August 2023 on 200 thornhill road, surbiton KT6 7TF

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on reducing balance

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.

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 (2023 - NIL).

UK Link Property Investment Ltd (Registered number: 10956320)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023 15,552 4,746 20,298
Additions 1,760 537 2,297
At 29 February 2024 17,312 5,283 22,595
DEPRECIATION
At 1 March 2023 12,764 2,709 15,473
Charge for year 2,763 849 3,612
At 29 February 2024 15,527 3,558 19,085
NET BOOK VALUE
At 29 February 2024 1,785 1,725 3,510
At 28 February 2023 2,788 2,037 4,825

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 1,625,755
Additions 671,699
Revaluations 222,510
At 29 February 2024 2,519,964
NET BOOK VALUE
At 29 February 2024 2,519,964
At 28 February 2023 1,625,755

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2024 222,509
Valuation in 2022 257,354
Cost 2,040,101
2,519,964

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 7,895 3,030
Tax recoverable - 34
Prepayments and accrued income - 1,754
7,895 4,818

UK Link Property Investment Ltd (Registered number: 10956320)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Tax 65 -
Other creditors 7,897 3,031
Directors' current accounts 913,292 903,817
921,254 906,848

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans (see note 9) 1,395,526 816,150

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,395,526 816,150

9. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 1,395,526 816,150

10. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 1,395,526 816,150

Bank Loan taken from Paragon Bank and The Mortgage Works (UK) PLC are secured against investment properties.

11. RESERVES
Non
distributable
reserve
£   
At 1 March 2023 208,457
Revaluation 222,509
Deferred tax on revaluation (71,069 )

At 29 February 2024 359,897

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
UK Link Property Investment Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of UK Link Property Investment Ltd for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of UK Link Property Investment Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of UK Link Property Investment Ltd and state those matters that we have agreed to state to the Board of Directors of UK Link Property Investment Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than UK Link Property Investment Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that UK Link Property Investment Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of UK Link Property Investment Ltd. You consider that UK Link Property Investment Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of UK Link Property Investment Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






RBS Accountants Limited
16 Beaufort Court
Admirals Way
London
Docklands
London
E14 9XL


20 November 2024