Registered number
02709944
LINKLAUNCH LIMITED
Filleted Accounts
30 April 2024
LINKLAUNCH LIMITED
Registered number: 02709944
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 275,001 275,001
Current assets
Debtors 5 10,226 7,090
Cash at bank and in hand 128,339 16,657
138,565 23,747
Creditors: amounts falling due within one year 6 (11,133) (10,948)
Net current assets 127,432 12,799
Total assets less current liabilities 402,433 287,800
Creditors: amounts falling due after more than one year 7 (139,134) (40,716)
Provisions for liabilities 8 (7,367) (7,367)
Net assets 255,932 239,717
Capital and reserves
Called up share capital 120 120
Other reserve 9 82,006 82,006
Profit and loss account 173,806 157,591
Shareholders' funds 255,932 239,717
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Electra Christou
Director
Approved by the board on 19 February 2025
LINKLAUNCH LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and property rentals receivable.
Investment properties
Investment properties are included in the accounts at fair value and any surplus or deficit is dealt with through the profit and loss account. No depreciation is provided in respect of investment properties.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Taxation 2024 2023
£ £
UK corporation tax on profits of the period 3,839 3,676
3,839 3,676
3 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
4 Tangible fixed assets
Investment property Office equipment Total
£ £ £
Cost
At 1 May 2023 275,000 782 275,782
At 30 April 2024 275,000 782 275,782
Depreciation
At 1 May 2023 - 781 781
At 30 April 2024 - 781 781
Net book value
At 30 April 2024 275,000 1 275,001
At 30 April 2023 275,000 1 275,001
The investment property is stated at fair value which is based on the current market value. The market value of the property has been estimated by the director. The historical cost of the investment property is as follows:
2024 2023
£ £
Historical cost 185,627 185,627
Cumulative depreciation based on historical cost - -
185,627 185,627
5 Debtors 2024 2023
£ £
Trade debtors 1,000 1,000
Other debtors 9,226 6,090
10,226 7,090
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans 6,888 6,888
Taxation and social security costs 3,839 3,676
Other creditors 406 384
11,133 10,948
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 33,898 40,716
Shareholders' loan 105,236 -
139,134 40,716
8 Deferred taxation 2024 2023
£ £
Revaluation of investment property 7,367 7,367
7,367 7,367
2024 2023
£ £
At 1 May 7,367 7,367
Charged to the profit and loss account - -
7,367 7,367
9 Other reserve 2024 2023
£ £
At 1 May 2023 82,006 82,006
At 30 April 2024 82,006 82,006
10 Other information
LINKLAUNCH LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
132 Salmon Street
London
NW9 8NT
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