Company registration number 11735197 (England and Wales)
NEW LINK CONSULTING (EUROPE) LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
NEW LINK CONSULTING (EUROPE) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
NEW LINK CONSULTING (EUROPE) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
31 March 2024
31 October 2023
Notes
£
£
£
£
Fixed assets
Investments
3
90
90
Current assets
Debtors
5
30,030
21,451
Cash at bank and in hand
17,323
2,479
47,353
23,930
Creditors: amounts falling due within one year
6
(50,455)
(24,259)
Net current liabilities
(3,102)
(329)
Net liabilities
(3,012)
(239)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(3,112)
(339)
Total equity
(3,012)
(239)
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 5 November 2024 and are signed on its behalf by:
Mr D L Newland
Director
Company registration number 11735197 (England and Wales)
NEW LINK CONSULTING (EUROPE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information
New Link Consulting (Europe) Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o Streets Whittle & Partners LLP, The Old Exchange, 64 West Stockwell Street, Colchester, Essex, CO1 1HE.
1.1
Reporting period
These financial statements cover the period 1 November 2023 to 31 March 2024, a period of 5 months. The reason for the change in reporting date is to align the year end with the accounts of it's parent LLP. As a result of this change, the comparative figures may not be entirely comparable.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.
1.4
Fixed asset investments
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
1.5
Financial instruments
Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost.
Financial assets comprise cash at bank and in hand. Cash at bank and in hand is defined as all cash held in instant access bank accounts and used as working capital.
Investments, including those in subsidiary undertakings are held at fair value at the balance sheet date, with gains and losses being recognised within profit and loss.
Financial liabilities held at amortised cost comprise all creditors except social security and other taxes, deferred income and provisions.
NEW LINK CONSULTING (EUROPE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.7
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2023
Number
Number
Total
4
4
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
90
90
4
Subsidiaries
Details of the company's subsidiaries at 31 March 2024 are as follows:
Name of undertaking
Address
Class of
% Held
shares held
Direct
New Link Consulting (Europe) Limited
1
Ordinary
100.00
Registered office addresses (all UK unless otherwise indicated):
1
Carrick House, 49 Fitzwilliam Square, Dublin 2, Ireland
NEW LINK CONSULTING (EUROPE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 4 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
10,530
Other debtors
19,500
21,451
30,030
21,451
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
24,270
Amounts owed to group undertakings
1,053
1,053
Taxation and social security
149
199
Other creditors
24,983
23,007
50,455
24,259
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Rachel Skells BA FCA
Statutory Auditor:
Streets Audit LLP
Date of audit report:
5 November 2024
9
Related party transactions
The company has taken advantage of Section 33 exemptions to not disclose transactions with wholly owned group entities.
NEW LINK CONSULTING (EUROPE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 5 -
10
Parent company
The parent of New Link Consulting (Europe) Limited is New Link Consulting LLP and its registered office is C/o Streets Whittles, The Old Exchange, 64 West Stockwell Street, Colchester, CO1 1HE.