IRIS Accounts Production v25.1.0.734 05120831 Board of Directors 1.6.23 31.5.24 31.5.24 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051208312023-05-31051208312024-05-31051208312023-06-012024-05-31051208312022-05-31051208312022-06-012023-05-31051208312023-05-3105120831ns15:EnglandWales2023-06-012024-05-3105120831ns14:PoundSterling2023-06-012024-05-3105120831ns10:Director12023-06-012024-05-3105120831ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3105120831ns10:SmallEntities2023-06-012024-05-3105120831ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3105120831ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3105120831ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3105120831ns10:FullAccounts2023-06-012024-05-3105120831ns10:OrdinaryShareClass12023-06-012024-05-3105120831ns10:Director22023-06-012024-05-3105120831ns10:CompanySecretary12023-06-012024-05-3105120831ns10:RegisteredOffice2023-06-012024-05-3105120831ns5:CurrentFinancialInstruments2024-05-3105120831ns5:CurrentFinancialInstruments2023-05-3105120831ns5:Non-currentFinancialInstruments2024-05-3105120831ns5:Non-currentFinancialInstruments2023-05-3105120831ns5:ShareCapital2024-05-3105120831ns5:ShareCapital2023-05-3105120831ns5:RevaluationReserve2024-05-3105120831ns5:RevaluationReserve2023-05-3105120831ns5:RetainedEarningsAccumulatedLosses2024-05-3105120831ns5:RetainedEarningsAccumulatedLosses2023-05-3105120831ns5:FurnitureFittings2023-05-3105120831ns5:FurnitureFittings2024-05-3105120831ns5:FurnitureFittings2023-05-3105120831ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3105120831ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3105120831ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-05-3105120831ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-05-3105120831ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-05-3105120831ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3105120831ns5:Secured2024-05-3105120831ns5:Secured2023-05-3105120831ns10:OrdinaryShareClass12024-05-3105120831ns5:RetainedEarningsAccumulatedLosses2023-05-3105120831ns5:RevaluationReserve2023-05-3105120831ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-31
REGISTERED NUMBER: 05120831 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

DATELINK LTD

DATELINK LTD (REGISTERED NUMBER: 05120831)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DATELINK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: A E Brinner
J Orzel





SECRETARY: Mrs L Orzel





REGISTERED OFFICE: 115 Craven Park Road
South Tottenham
London
N15 6BL





REGISTERED NUMBER: 05120831 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

DATELINK LTD (REGISTERED NUMBER: 05120831)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 11,020,705 10,678,400
11,020,705 10,678,400

CURRENT ASSETS
Debtors 6 3,524,349 2,760,772
Cash at bank and in hand 201,908 126,532
3,726,257 2,887,304
CREDITORS
Amounts falling due within one year 7 (1,333,711 ) (1,265,152 )
NET CURRENT ASSETS 2,392,546 1,622,152
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,413,251

12,300,552

CREDITORS
Amounts falling due after more than one
year

8

(2,571,246

)

(1,836,061

)

PROVISIONS FOR LIABILITIES (946,195 ) (946,195 )
NET ASSETS 9,895,810 9,518,296

CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 12 4,979,972 4,979,972
Retained earnings 12 4,915,738 4,538,224
SHAREHOLDERS' FUNDS 9,895,810 9,518,296

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

DATELINK LTD (REGISTERED NUMBER: 05120831)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 14 May 2025 and were signed on its behalf by:





A E Brinner - Director


DATELINK LTD (REGISTERED NUMBER: 05120831)

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

1. STATUTORY INFORMATION

Datelink Ltd 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 represents net rent receivable, excluding value added tax.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

DATELINK LTD (REGISTERED NUMBER: 05120831)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023
and 31 May 2024 13,360
DEPRECIATION
At 1 June 2023
and 31 May 2024 13,360
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 10,678,400
Additions 342,305
At 31 May 2024 11,020,705
NET BOOK VALUE
At 31 May 2024 11,020,705
At 31 May 2023 10,678,400

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2017 3,613,444
Valuation in 2020 1,366,528
Cost 6,040,733
11,020,705

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 184,347 222,770
Other debtors 3,340,002 2,538,002
3,524,349 2,760,772

DATELINK LTD (REGISTERED NUMBER: 05120831)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 155,061 136,613
Taxation and social security 243,564 167,097
Other creditors 935,086 961,442
1,333,711 1,265,152

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans (see note 9) 2,540,337 1,800,000
Other creditors 30,909 36,061
2,571,246 1,836,061

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans - 1,800,000

Repayable by instalments
Other loans more 5yrs instal 30,909 36,061

9. LOANS

An analysis of the maturity of loans is given below:

31.5.24 31.5.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 2,540,337 -

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans - 1,800,000

Repayable by instalments
Other loans more 5yrs instal 30,909 36,061

Under the bank loan, £50,000 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

DATELINK LTD (REGISTERED NUMBER: 05120831)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 2,540,337 1,800,000

The Building Society Mortgages and bank loans and overdrafts are secured by a first charge over the company's investment properties and floating charge over the assets of the company. The terms of the loans are from 10 years to 25 years with fixed and variable interest rates.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 June 2023 4,538,224 4,979,972 9,518,196
Profit for the year 377,514 377,514
At 31 May 2024 4,915,738 4,979,972 9,895,710

13. ULTIMATE CONTROLLING PARTY

The controlling party is A E Brinner.