Company Registration No. 11423511 (England and Wales)
Easylinks Homes Limited
Unaudited accounts
for the year ended 31 March 2024
Easylinks Homes Limited
Unaudited accounts
Contents
Easylinks Homes Limited
Company Information
for the year ended 31 March 2024
Directors
R M Beveridge
J V Stantchovsky
Company Number
11423511 (England and Wales)
Registered Office
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
United Kingdom
Accountants
Taylor Consultancy, Chartered Certified Accountants
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Easylinks Homes Limited
Statement of financial position
as at 31 March 2024
Inventories
2,829,819
1,922,511
Cash at bank and in hand
16,251
218,482
Creditors: amounts falling due within one year
(2,626,535)
(1,935,590)
Net current assets
219,535
205,403
Total assets less current liabilities
219,535
205,403
Creditors: amounts falling due after more than one year
(16,667)
(26,667)
Net assets
202,868
178,736
Called up share capital
2
2
Profit and loss account
202,866
178,734
Shareholders' funds
202,868
178,736
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by
R M Beveridge
Director
Company Registration No. 11423511
Easylinks Homes Limited
Notes to the Accounts
for the year ended 31 March 2024
Easylinks Homes Limited is a private company, limited by shares, registered in England and Wales, registration number 11423511. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 2DX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Amounts owed to group undertakings and other participating interests
2,606,990
1,921,990
Taxes and social security
5,045
-
5
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
1 A Ordinary shares of £1 each
1
1
Easylinks Homes Limited
Notes to the Accounts
for the year ended 31 March 2024
7
Transactions with related parties
R M Beveridge is a director and shareholder in both Easylinks Homes Limited and Cherry Tree Developments Limited
During the year Cherry Tree Developments Limited preformed development works for Easylinks Homes Limited costing £713,025 (2023 - £240,966)
At the balance sheet date Easylinks Homes Limited owed Cherry Tree Developments Limited £674,138 (2023 - £496,138), the loan is repayable upon demand and is subject to interest at a commercial rate
J V Stantchovsky is a director and shareholder in both Easylinks Homes Limited and Easylinks Property Developments Limited
At the balance sheet date Easylinks Homes Limited owed Easylink Property Limited £1,258,852 (2023 - £1,111,852) the loan is repayable upon demand and is subject to interest at a commercial rate
J V Stantchovsky is a director in both Easylinks Homes Limited and Easylinks Holdings Limited Limited. Easylinks Holdings Limited also owns 50% of the share capital in Easylinks Homes Limited
At the balance sheet date Easylinks Homes Limited owed Easylink Holdings Limited Limited £674,000 (2023 - £314,000) the loan is repayable upon demand and is subject to interest at a commercial rate
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).