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Company Registration No. 11997293 (England and Wales)
Linkwood Property Ltd Unaudited accounts for the year ended 31 May 2024
Linkwood Property Ltd Unaudited accounts Contents
Page
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Linkwood Property Ltd Company Information for the year ended 31 May 2024
Director
Graham McCafferty
Company Number
11997293 (England and Wales)
Registered Office
1 STONE MILL WAY LEEDS WEST YORKSHIRE LS6 4RG UNITED KINGDOM
Accountants
The Tax Studio The Oast House 14 Chantry Park Sarre Kent CT7 0LG
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Linkwood Property Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,204,536 
1,011,733 
Current assets
Debtors
1,721 
682 
Cash at bank and in hand
2,233 
1,955 
3,954 
2,637 
Creditors: amounts falling due within one year
(4,523)
(4,770)
Net current liabilities
(569)
(2,133)
Total assets less current liabilities
1,203,967 
1,009,600 
Creditors: amounts falling due after more than one year
(1,146,786)
(957,172)
Provisions for liabilities
Deferred tax
(23,472)
(23,472)
Net assets
33,709 
28,956 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
33,708 
28,955 
Shareholders' funds
33,709 
28,956 
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 6 February 2025 and were signed on its behalf by
Graham McCafferty Director Company Registration No. 11997293
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Linkwood Property Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Linkwood Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 11997293. The registered office is 1 STONE MILL WAY, LEEDS, WEST YORKSHIRE, LS6 4RG, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 June 2023
1,011,733 
Additions
192,803 
At 31 May 2024
1,204,536 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
- 
162 
Accrued income and prepayments
1,032 
520 
Other debtors
350 
- 
1,382 
682 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
339 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
451 
452 
Accruals
- 
90 
Deferred income
4,072 
4,228 
4,523 
4,770 
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Linkwood Property Ltd Notes to the Accounts for the year ended 31 May 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
859,670 
720,071 
Amounts owed to group undertakings and other participating interests
20,854 
16,100 
Loans from directors
266,262 
221,001 
1,146,786 
957,172 
8
Transactions with related parties
The Director has advanced £266,262 (2023:£221,001) to the company, this loan is interest free and is repayable on demand. The company borrowed £20,854 (2023:£16,100) from GMM Property Management Ltd, a company under the control of the director. This loan is interest free and repayable on demand. The company loaned £339 (2023 £162) to Turls Property Group Ltd, a company under the control of the director. This loan is interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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