Company registration number:
for the Year Ended
The Trade Link Company Limited
Contents
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
The Trade Link Company Limited
(Registration number: 02639573)
Balance Sheet as at 31 March 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Intangible assets |
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Investment property |
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Other financial assets |
648 |
5,897,760 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current (liabilities)/assets |
( |
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Total assets less current liabilities |
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Provisions for liabilities |
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Deferred tax liabilities |
- |
(369,809) |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Undistributable reserves |
170,000 |
1,279,430 |
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Profit and loss account |
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Total equity |
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The Trade Link Company Limited
(Registration number: 02639573)
Balance Sheet as at 31 March 2025
For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the profit and loss account and directors’ report has been taken.
Approved and authorised by the
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The Trade Link Company Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are presented in Sterling (£).
Changes in accounting policy
The following have been applied for the first time from 1 April 2024 and have had an effect on the financial statements:
Rent receivable from investment property
The company disposed the entirety of its listed investment portfolios during the year. As such, the company's principal activity is now the letting of its investment property and the rental income is reported as turnover. Prior to this, rental income was reported within other operating income.
Turnover recognition
Turnover comprises the fair value of rent received in the ordinary course of the company’s activities and is recognised in the period to which it relates. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Trade Link Company Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised on timing differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.
Investment property
Intangible assets
Separately acquired trademarks, patents and licences are shown at historical cost.
Trademarks, patents and licences have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
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Asset class |
Amortisation method and rate |
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Patents, trademarks and licences |
10% straight line |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are classified as fixed asset investments and are initially measured at fair value, with changes in fair value recognised in the profit or loss account. A transfer is then made to undistributable reserves to reflect that any such gains arising are not distributable.
Investments in equity shares that are not publicly traded are measured at cost less impairment.
The Trade Link Company Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Debtors
Trade debtors are amounts due from customers in the ordinary course of business.
Trade and other debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Other short term creditors are initially measured at fair value net of transaction costs and subsequently at amortised cost.
Share capital
Ordinary shares are classified as equity.
Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year was
The Trade Link Company Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025
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Intangible assets |
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Trademarks, patents and licenses |
Total |
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Cost or valuation |
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At 1 April 2024 |
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At 31 March 2025 |
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Amortisation |
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At 1 April 2024 |
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Amortisation charge |
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At 31 March 2025 |
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Carrying amount |
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At 31 March 2025 |
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At 31 March 2024 |
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Investment property |
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2025 |
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At 1 April 2024 and 31 March 2025 |
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The value of investment property was assessed by the directors at 31 March 2025 as being equivalent to fair value. The basis of this valuation was open market value.
There has been no valuation of investment property by an independent valuer.
The Trade Link Company Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025
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Other financial assets (current and non-current) |
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Financial assets at fair value through profit and loss |
Financial assets at cost less impairment |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 April 2024 |
5,839,477 |
103,294 |
5,942,771 |
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Fair value adjustments |
(1,479,239) |
- |
(1,479,239) |
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Disposals |
(4,360,238) |
(73,294) |
(4,433,532) |
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At 31 March 2025 |
- |
30,000 |
30,000 |
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Impairment |
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At 1 April 2024 |
- |
45,011 |
45,011 |
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Losses made in the period |
- |
(365) |
(365) |
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Adjustments resulting from a disposal |
- |
(15,294) |
(15,294) |
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At 31 March 2025 |
- |
29,352 |
29,352 |
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Carrying amount |
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At 31 March 2025 |
- |
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648 |
Listed investments are held at fair value being the quoted stock exchange value.
The Trade Link Company Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025
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Debtors |
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2025 |
2024 |
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Trade debtors |
- |
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Other debtors |
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Details of non-current trade and other debtors
£Nil (2024 -£61,321) of Other debtors is classified as non current.
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Creditors |
Creditors: amounts falling due within one year
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2025 |
2024 |
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Due within one year |
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Trade creditors |
- |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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The Trade Link Company Limited
Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025
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Reserves reconciliation |
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Undistributable reserves |
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At 1 April 2024 |
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Transfer of fair value adjustment from profit & loss |
( |
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Transfer of deferred tax on fair value adjustments |
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At 31 March 2025 |
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Undistributable reserves |
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At 1 April 2023 |
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Transfer of fair value adjustment from profit & loss |
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Transfer of deferred tax on fair value adjustments |
( |
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At 31 March 2024 |
1,279,430 |