0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 7,791 7,791 7,791 xbrli:pure xbrli:shares iso4217:GBP 02454233 2023-04-01 2024-03-31 02454233 2024-03-31 02454233 2023-03-31 02454233 2022-04-01 2023-03-31 02454233 2023-03-31 02454233 2022-03-31 02454233 bus:Director1 2023-04-01 2024-03-31 02454233 bus:Director2 2023-04-01 2024-03-31 02454233 core:WithinOneYear 2024-03-31 02454233 core:WithinOneYear 2023-03-31 02454233 core:ShareCapital 2024-03-31 02454233 core:ShareCapital 2023-03-31 02454233 core:CapitalRedemptionReserve 2024-03-31 02454233 core:CapitalRedemptionReserve 2023-03-31 02454233 core:RetainedEarningsAccumulatedLosses 2024-03-31 02454233 core:RetainedEarningsAccumulatedLosses 2023-03-31 02454233 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 02454233 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 02454233 bus:SmallEntities 2023-04-01 2024-03-31 02454233 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02454233 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02454233 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02454233 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 02454233
Linksky Property Management Limited
Filleted Unaudited Financial Statements
31 March 2024
Linksky Property Management Limited
Financial Statements
Year ended 31st March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Linksky Property Management Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Intangible assets
4
7,791
7,791
Current assets
Debtors
5
496
496
Cash at bank and in hand
1,266
2,002
-------
-------
1,762
2,498
Creditors: amounts falling due within one year
6
4,245
5,185
-------
-------
Net current liabilities
2,483
2,687
-------
-------
Total assets less current liabilities
5,308
5,104
-------
-------
Net assets
5,308
5,104
-------
-------
Capital and reserves
Called up share capital
6
6
Capital redemption reserve
6,983
6,983
Profit and loss account
( 1,681)
( 1,885)
-------
-------
Shareholders funds
5,308
5,104
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Linksky Property Management Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 22 November 2024 , and are signed on behalf of the board by:
Mr M J Basso
Mr L Caplan
Director
Director
Company registration number: 02454233
Linksky Property Management Limited
Notes to the Financial Statements
Year ended 31st March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 16 Ringley Mount, Ringley Hey Whitefield, Manchester, M45 7NU, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Intangible assets
Development costs
£
Cost
At 1st April 2023 and 31st March 2024
7,791
-------
Amortisation
At 1st April 2023 and 31st March 2024
-------
Carrying amount
At 31st March 2024
7,791
-------
At 31st March 2023
7,791
-------
5. Debtors
2024
2023
£
£
Trade debtors
496
496
----
----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
4,245
5,185
-------
-------
7. Related party transactions
The company was not under the control of any shareholder throughout the current and previous year. Mr M Basso and Mr L Caplan are the directors