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REGISTERED NUMBER: 13245779 (England and Wales)














Celestial Link Ltd

Unaudited Financial Statements

For The Year Ended 31 March 2024






Celestial Link Ltd (Registered number: 13245779)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Celestial Link Ltd

Company Information
For The Year Ended 31 March 2024







DIRECTOR: D T Bui





REGISTERED OFFICE: 20 Avenue Road
Scarborough
North Yorkshire
YO12 5JX





REGISTERED NUMBER: 13245779 (England and Wales)





ACCOUNTANTS: Ingham & Co.
Chartered Accountants
George Stanley House
2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Celestial Link Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Celestial Link Ltd for the year ended 31 March 2024 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Celestial Link Ltd in accordance with the terms of our engagement letter dated 2 October 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Celestial Link Ltd and state those matters that we have agreed to state to the director of Celestial Link Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Celestial Link Ltd and its director for our work or for this report.

It is your duty to ensure that Celestial Link Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Celestial Link Ltd. You consider that Celestial Link Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Celestial Link Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ingham & Co.
Chartered Accountants
George Stanley House
2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED


12 June 2025

Celestial Link Ltd (Registered number: 13245779)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,253,208 1,154,477
Investments 5 - 100,000
1,253,208 1,254,477

CURRENT ASSETS
Debtors 254,786 2,747
Cash at bank 24,834 21,280
279,620 24,027
CREDITORS
Amounts falling due within one year 1,007,180 815,253
NET CURRENT LIABILITIES (727,560 ) (791,226 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

525,648

463,251

CREDITORS
Amounts falling due after more than one
year

6

(115,471

)

(240,404

)

PROVISIONS FOR LIABILITIES (25,435 ) -
NET ASSETS 384,742 222,847

CAPITAL AND RESERVES
Called up share capital 146,843 146,843
Retained earnings 237,899 76,004
SHAREHOLDERS' FUNDS 384,742 222,847

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

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

Celestial Link Ltd (Registered number: 13245779)

Abridged Balance Sheet - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 June 2025 and were signed by:





D T Bui - Director


Celestial Link Ltd (Registered number: 13245779)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Celestial Link 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Freehold investment property
In accordance with Section 1A "Small Entities" of Financial Reporting Standard 102, Freehold investment properties are revalued annually and the aggregate surplus or deficit is transferred to retained earnings, and no depreciation is provided.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

Celestial Link Ltd (Registered number: 13245779)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 April 2023 1,155,296
Additions 1,141
Revaluations 98,533
At 31 March 2024 1,254,970
DEPRECIATION
At 1 April 2023 819
Charge for year 943
At 31 March 2024 1,762
NET BOOK VALUE
At 31 March 2024 1,253,208
At 31 March 2023 1,154,477

Cost or valuation at 31 March 2024 is represented by:

Totals
£   
Valuation in 2024 98,533
Cost 1,156,437
1,254,970

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023 100,000
Disposals (100,000 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 100,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans repayable after more than five
years

-

136,484

Celestial Link Ltd (Registered number: 13245779)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 146,382 266,384

Bank loans are secured by a mortgage on one of the company's freehold properties, together with a floating charge over all other assets of the company.

8. RELATED PARTY DISCLOSURES

At 31 March 2024, the company was owed £251,983 by Celestial Assets Limited, a company controlled by the director (2023 - £nil). The loan is repayable on demand and is interest free.

9. POST BALANCE SHEET EVENTS

Following the year end, the company disposed of one of its investment properties for £500,000 and repaid its secured bank loans.