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REGISTERED NUMBER: SC356448 (Scotland)















Unaudited Financial Statements for the Year Ended 1 March 2024

for

Links Hospitality Ltd.

Links Hospitality Ltd. (Registered number: SC356448)






Contents of the Financial Statements
for the Year Ended 1 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Links Hospitality Ltd.

Company Information
for the Year Ended 1 March 2024







DIRECTORS: Mr Aaron Collins
Miss Susan MacCormick





REGISTERED OFFICE: 25 Sandyford Place
Glasgow
G3 7NG





REGISTERED NUMBER: SC356448 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Links Hospitality Ltd. (Registered number: SC356448)

Balance Sheet
1 March 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,273 2,038

CURRENT ASSETS
Debtors 5 214,979 224,981
Prepayments and accrued income - 37,587
Cash at bank and in hand 33,305 29,351
248,284 291,919
CREDITORS
Amounts falling due within one year 6 237,524 279,227
NET CURRENT ASSETS 10,760 12,692
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,033

14,730

CREDITORS
Amounts falling due after more than one
year

7

(35,436

)

(41,579

)

PROVISIONS FOR LIABILITIES 8 (318 ) (387 )
NET LIABILITIES (23,721 ) (27,236 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (23,821 ) (27,336 )
SHAREHOLDERS' FUNDS (23,721 ) (27,236 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 1 March 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.

Links Hospitality Ltd. (Registered number: SC356448)

Balance Sheet - continued
1 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by:





Miss Susan MacCormick - Director


Links Hospitality Ltd. (Registered number: SC356448)

Notes to the Financial Statements
for the Year Ended 1 March 2024

1. STATUTORY INFORMATION

Links Hospitality 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.

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


The principal activity of the company in the year under review was that of provision of hospitality.

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 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.
Fittings and equipment - 15% on reducing balance
Computer equipment - 20% on cost

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Links Hospitality Ltd. (Registered number: SC356448)

Notes to the Financial Statements - continued
for the Year Ended 1 March 2024

2. ACCOUNTING POLICIES - continued
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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fittings
and Computer
equipment equipment Totals
£    £    £   
COST
At 2 March 2023
and 1 March 2024 8,819 22,204 31,023
DEPRECIATION
At 2 March 2023 7,321 21,664 28,985
Charge for year 225 540 765
At 1 March 2024 7,546 22,204 29,750
NET BOOK VALUE
At 1 March 2024 1,273 - 1,273
At 1 March 2023 1,498 540 2,038

Links Hospitality Ltd. (Registered number: SC356448)

Notes to the Financial Statements - continued
for the Year Ended 1 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 182,028 189,957
Other debtors 32,951 35,024
214,979 224,981

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,571 6,228
Taxation and social security 36,861 34,020
Other creditors 190,092 238,979
237,524 279,227

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 35,436 41,579

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 318 387

Deferred
tax
£   
Balance at 2 March 2023 387
Provided during year (69 )
Balance at 1 March 2024 318

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Links Hospitality Ltd. (Registered number: SC356448)

Notes to the Financial Statements - continued
for the Year Ended 1 March 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The director's loan accounts were overdrawn at 1 March 2024.
The amount due from A. Collins was £15,139 (2023-£15600) and the amount due from S. MacCormick was £9,541 (2023-£9,564).

11. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.