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REGISTERED NUMBER: 05678242 (England and Wales)















LINBRIDGE INVESTMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






LINBRIDGE INVESTMENTS LIMITED (REGISTERED NUMBER: 05678242)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LINBRIDGE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: A Akhavan-Hazaveh
Miss L A Akhavan-Hazaveh





REGISTERED OFFICE: Unit 45 Nutwood Trading Estate
Limestone Cottage Lane
Sheffield
S6 1NJ





REGISTERED NUMBER: 05678242 (England and Wales)





ACCOUNTANTS: Duncan Chartered Accountants
5 Cherrytree
Union Road
Sheffield
South Yorkshire
S11 9EF

LINBRIDGE INVESTMENTS LIMITED (REGISTERED NUMBER: 05678242)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 8,076 5,470
Investment property 5 2,283,623 2,283,623
2,291,699 2,289,093

CURRENT ASSETS
Debtors 6 199,513 207,371
Cash at bank and in hand 76,075 20,570
275,588 227,941
CREDITORS
Amounts falling due within one year 7 126,511 101,270
NET CURRENT ASSETS 149,077 126,671
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,440,776

2,415,764

CREDITORS
Amounts falling due after more than one
year

8

(1,542,603

)

(1,554,748

)

PROVISIONS FOR LIABILITIES 10 (61,000 ) (53,773 )
NET ASSETS 837,173 807,243

CAPITAL AND RESERVES
Called up share capital 11 2 2
Non-distributable reserve 12 450,717 450,717
Retained earnings 12 386,454 356,524
SHAREHOLDERS' FUNDS 837,173 807,243

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

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

The directors acknowledge their 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.

LINBRIDGE INVESTMENTS LIMITED (REGISTERED NUMBER: 05678242)

BALANCE SHEET - continued
31 DECEMBER 2024


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 Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:





A Akhavan-Hazaveh - Director


LINBRIDGE INVESTMENTS LIMITED (REGISTERED NUMBER: 05678242)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Linbridge Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year 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 year 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.

LINBRIDGE INVESTMENTS LIMITED (REGISTERED NUMBER: 05678242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024 20,022
Additions 7,121
At 31 December 2024 27,143
DEPRECIATION
At 1 January 2024 14,552
Charge for year 4,515
At 31 December 2024 19,067
NET BOOK VALUE
At 31 December 2024 8,076
At 31 December 2023 5,470

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 2,283,623
NET BOOK VALUE
At 31 December 2024 2,283,623
At 31 December 2023 2,283,623

Investment properties were valued as at 31 December 2024 by the director on an open market basis.

On a historical cost basis, investment properties would have been included at original cost of £1,770,798 (2023: £1,770,798).

If the investment properties were disposed of at the carrying amount of £2,283,623 a tax liability of £62,108 would arise. This amount is recognised within the movement in the non-distributable reserve.

LINBRIDGE INVESTMENTS LIMITED (REGISTERED NUMBER: 05678242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. INVESTMENT PROPERTY - continued

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2006 132,719
Valuation in 2007 (57,881 )
Valuation in 2016 127,987
Valuation in 2021 150,000
Valuation in 2022 160,000
Cost 1,770,798
2,283,623

6. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 51,701 59,559
Other debtors 2,675 2,675
54,376 62,234

Amounts falling due after more than one year:
Other debtors 145,137 145,137

Aggregate amounts 199,513 207,371

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 6,229 1,702
Taxation and social security 2,077 3
Other creditors 118,205 99,565
126,511 101,270

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans (see note 9) 334,000 334,000
Other creditors 760,950 780,748
Directors' loan accounts 447,653 440,000
1,542,603 1,554,748

LINBRIDGE INVESTMENTS LIMITED (REGISTERED NUMBER: 05678242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. LOANS

The creditors due after a year balance includes £334,000 in respect of mortgages secured against the assets of the company.

10. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 61,000 53,773

Deferred
tax
£   
Balance at 1 January 2024 53,773
Provided during year 7,227
Balance at 31 December 2024 61,000

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
200 Ordinary 0.01 2 2

12. RESERVES
Retained Non-distributable
earnings reserve Totals
£    £    £   

At 1 January 2024 356,524 450,717 807,241
Profit for the year 29,930 29,930
At 31 December 2024 386,454 450,717 837,171

13. RELATED PARTY DISCLOSURES

The company has a loan from PCA Oriental Carpets Limited, a company owned by the director A Akhavan-Hazaveh. At the year end £760,950 (2023: £780,748) was still outstanding.

The company has made a loan to C & K Investments UK Limited, 50% of which is owned by The A A Hazaveh Discretionary Settlement 2016, a trust of which A Akhavan-Hazaveh is settlor and a Trustee. At the year end £145,137 (2023: £145,137) was still due.

LINBRIDGE INVESTMENTS LIMITED (REGISTERED NUMBER: 05678242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


14. DIRECTORS LOAN

As at 31 December 2024, the balance of the directors loan account, as introduced by Mr A Akhavan-Hazaveh was £441,653 (2023: £440,000).

Interest has been accounted for on this loan and there are no repayment terms for the loan.

As at 31 December 2024, the balance of the directors loan account, as introduced by Miss L Akhavan-Hazaveh was £6,000 (2023: nil)

No interest has been accounted for on this loan and there are no repayment terms for the loan.