Links Residential Developments (Castle) Limited 14041823 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is residential property development. Digita Accounts Production Advanced 6.30.9574.0 true true true 14041823 2023-05-01 2024-04-30 14041823 2024-04-30 14041823 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2024-04-30 14041823 core:CurrentFinancialInstruments 2024-04-30 14041823 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 14041823 bus:SmallEntities 2023-05-01 2024-04-30 14041823 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 14041823 bus:FilletedAccounts 2023-05-01 2024-04-30 14041823 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 14041823 bus:RegisteredOffice 2023-05-01 2024-04-30 14041823 bus:Director1 2023-05-01 2024-04-30 14041823 bus:Director2 2023-05-01 2024-04-30 14041823 bus:Director3 2023-05-01 2024-04-30 14041823 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-05-01 2024-04-30 14041823 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14041823 1 2023-05-01 2024-04-30 14041823 countries:EnglandWales 2023-05-01 2024-04-30 14041823 2022-04-12 2023-04-30 14041823 2023-04-30 14041823 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-04-30 14041823 core:CurrentFinancialInstruments 2023-04-30 14041823 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14041823

Links Residential Developments (Castle) Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Links Residential Developments (Castle) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Links Residential Developments (Castle) Limited

Company Information

Directors

D G Morgan

D L Poyner

M D Prior

Registered office

Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Accountants

CBSL Accountants Limited
Chartered Accountants
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

 

Links Residential Developments (Castle) Limited

(Registration number: 14041823)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

-

165,374

Debtors

5

22,820

-

 

22,820

165,374

Creditors: Amounts falling due within one year

6

(22,718)

(165,814)

Net assets/(liabilities)

 

102

(440)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

2

(540)

Shareholders' funds/(deficit)

 

102

(440)

For the financial year ending 30 April 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 October 2024 and signed on its behalf by:
 

D G Morgan
Director

D L Poyner
Director

 
     
 

Links Residential Developments (Castle) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The parent company will continue to support the company to ensure all liabilities are met as they fall due.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Links Residential Developments (Castle) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Stocks

2024
£

2023
£

Work in progress

-

165,374

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

9

22,820

-

   

22,820

-

 

Links Residential Developments (Castle) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

-

165,274

Taxation and social security

 

124

-

Accruals and deferred income

 

22,594

540

 

22,718

165,814

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

8

Dividends

2024

2023

£

£

 

 

9

Related party transactions

The company was owed a balance of £22,820 (2023 - (£165,274)) from / (to) the parent company, Links Residential Developments Limited, which is included in debtors (2023 - creditors). This balance is unsecured, interest free and with no fixed terms of repayment.

10

Parent and ultimate parent undertaking

The company's immediate parent is Links Residential Developments Limited, incorporated in England and Wales.