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REGISTERED NUMBER: 03416570 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

CHEYNE LINK LTD

CHEYNE LINK LTD (REGISTERED NUMBER: 03416570)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


CHEYNE LINK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







Director: Mr M Cheyne



Secretary: Mrs C Cheyne



Registered office: Habgoods Yard
Brook Lane
Corfe Mullen
Wimborne
Dorset
BH21 3UD



Registered number: 03416570 (England and Wales)



Accountants: Kynance Ltd t/as England and Company
7 & 8 Church Street
Wimborne
Dorset
BH21 1JH



Bankers: Barclays
204 Lower Blandford Road
Broadstone
Poole
Dorset
BH18 8DS

CHEYNE LINK LTD (REGISTERED NUMBER: 03416570)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 27,501 31,971

Current assets
Stocks 500 500
Debtors 5 162,085 145,503
Cash at bank 307 307
162,892 146,310
Creditors
Amounts falling due within one year 6 156,351 132,094
Net current assets 6,541 14,216
Total assets less current liabilities 34,042 46,187

Creditors
Amounts falling due after more than one year 7 (7,334 ) (17,390 )

Provisions for liabilities 8 (6,793 ) (7,993 )
Net assets 19,915 20,804

Capital and reserves
Called up share capital 9 100 100
Retained earnings 19,815 20,704
Shareholders' funds 19,915 20,804

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:



Mr M Cheyne - Director


CHEYNE LINK LTD (REGISTERED NUMBER: 03416570)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. Statutory information

Cheyne Link Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03416570. The registered office and business address is Habgoods Yard, Brook Lane, Corfe Mullen, Wimborne, Dorset, BH21 3UD.

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 represents amounts receivable, excluding value added tax, in respect of services provided in the ordinary course of business. Turnover is recognised when the service has been provided to the customer.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

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 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

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company, it's fellow subsidiary and its parent comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

CHEYNE LINK LTD (REGISTERED NUMBER: 03416570)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost
At 1 October 2023 31,470 21,248 18,195 70,913
Additions 317 154 - 471
Disposals - (133 ) - (133 )
At 30 September 2024 31,787 21,269 18,195 71,251
Depreciation
At 1 October 2023 12,086 8,910 17,946 38,942
Charge for year 2,955 1,865 62 4,882
Eliminated on disposal - (74 ) - (74 )
At 30 September 2024 15,041 10,701 18,008 43,750
Net book value
At 30 September 2024 16,746 10,568 187 27,501
At 30 September 2023 19,384 12,338 249 31,971

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 39,285 36,442
Amounts owed by group undertakings 119,799 106,265
Other debtors - 331
Prepayments 3,001 2,465
162,085 145,503

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 29,394 21,848
Trade creditors 28,683 30,769
Tax 66,499 47,668
Social security and other taxes 40 -
VAT 10,729 21,851
Credit card 16,754 6,003
Accruals and deferred income 4,252 3,955
156,351 132,094

CHEYNE LINK LTD (REGISTERED NUMBER: 03416570)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 7,334 10,000
Bank loans - 2-5 years - 7,390
7,334 17,390

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 6,793 7,993

Deferred
tax
£   
Balance at 1 October 2023 7,993
Provided during year (1,200 )
Balance at 30 September 2024 6,793

9. Called up share capital

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

10. Ultimate controlling party

The company is ultimately controlled by the director Mr M Cheyne, by virtue of his 51% holding in the voting share capital of the parent company, Cheyne Link Holdings Limited.