Registered number
04248424
(England and Wales)
LINK OFFICES LIMITED
Unaudited Filleted Accounts
31 August 2024
LINK OFFICES LIMITED
Registered number: 04248424
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,645 6,287
Investments 4 951,035 951,035
954,680 957,322
Current assets
Debtors 5 38,554 42,071
Cash at bank and in hand 1,688 361
40,242 42,432
Creditors: amounts falling due within one year 6 (944,206) (923,548)
Net current liabilities (903,964) (881,116)
Net assets 50,716 76,206
Capital and reserves
Called up share capital 100 100
Profit and loss account 50,616 76,106
Shareholder's funds 50,716 76,206
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Tuck
Director
Approved by the board on 17 May 2025
LINK OFFICES LIMITED
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rental of properties and from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Investments
Freehold property is measured at fair value unless the value cannot be measured reliably, in which case it is measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 79,168
At 31 August 2024 79,168
Depreciation
At 1 September 2023 72,881
Charge for the year 2,642
At 31 August 2024 75,523
Net book value
At 31 August 2024 3,645
At 31 August 2023 6,287
4 Investments
Other
investments
£
Cost
At 1 September 2023 951,035
At 31 August 2024 951,035
5 Debtors 2024 2023
£ £
Trade debtors 32,055 41,983
Other debtors 6,499 88
38,554 42,071
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 29,417 27,167
Taxation and social security costs 4,776 1,036
Other creditors 910,013 895,345
944,206 923,548
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
P Tuck
Director Current Account (87) 18,335 (12,500) 5,748
(87) 18,335 (12,500) 5,748
The overdrawn Directors Current Account has been fully repaid on 21 January 2025. Interest is charged at 2.25% on amounts overdrawn.
8 Related party transactions
The company has received interest free loans from Link Publishing Ltd and Link Exhibitions (UK) Ltd which are substantially owned and controlled by Mr P Tuck.
The amounts outstanding are as follows:
2024 2023
Link Publishing Ltd £706,496 £692,346
Link Exhibitions (UK) Ltd £183,901 £183,901
9 Controlling party
The controlling party is Mr P Tuck by virtue of his 100% shareholding
10 Other information
LINK OFFICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit G, Link House
Britton Gardens
Kingswood
Bristol
BS15 1TF
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