REGISTERED NUMBER: SC774694 (Scotland)

Linkswood Rentals Ltd

Unaudited Financial Statements

for the Period 4 July 2023 to 31 July 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J A Wann

REGISTERED OFFICE:

Boulterhall, Boulder Hall By St Fort,

Newport-On-Tay

Fife

DD6 8RF

REGISTERED NUMBER:

SC774694 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

Tide

4th Floor The Featherstone Building

66 City Road

London

EC1Y 2AL

FIXED ASSETS

Tangible assets

4

130,200

CURRENT ASSETS

Debtors

5

700

Cash at bank

18,678

19,378

CREDITORS

Amounts falling due within one year

6

195,782

NET CURRENT LIABILITIES

(176,404

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(46,204

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(46,205

)

(46,204

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 April 2025 and were signed by:

J A Wann - Director

1.	STATUTORY INFORMATION

Linkswood Rentals Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents rent received. Rent is recognised in accordance with the terms of lease agreements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10% on cost

Plant and machinery etc

-

20% on cost

Financial instruments

The company has financial assets and financial liabilities of a kind that qualify only as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Going concern

The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade for the foreseeable future. In order to do so the company will require the continued support of the director.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

Additions

34,200

124,275

158,475

At 31 July 2024

34,200

124,275

158,475

DEPRECIATION

Charge for period

3,420

24,855

28,275

At 31 July 2024

3,420

24,855

28,275

NET BOOK VALUE

At 31 July 2024

30,780

99,420

130,200

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

700

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

195,782

Included in other creditors is the balance due on the director's current account of £193,658. This balance is interest-free, unsecured, and repayable on demand.

7.	RELATED PARTY DISCLOSURES

Linkswood Rentals Ltd rents buildings and containers which are located on land owned by the director's father, Roy Wann. It was agreed the first period would be rent-free.