The Trade Link Company Limited 02639573 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is that of exhibition, presentation and promotion. The company also holds an investment property and is engaged in other investment activities Digita Accounts Production Advanced 6.30.9574.0 true 02639573 2024-04-01 2025-03-31 02639573 2025-03-31 02639573 core:CapitalContributionReserve 2025-03-31 02639573 core:RetainedEarningsAccumulatedLosses 2025-03-31 02639573 core:ShareCapital 2025-03-31 02639573 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2025-03-31 02639573 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2025-03-31 02639573 core:CurrentFinancialInstruments 2025-03-31 02639573 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 02639573 core:PatentsTrademarksLicencesConcessionsSimilar 2025-03-31 02639573 bus:SmallEntities 2024-04-01 2025-03-31 02639573 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 02639573 bus:FullAccounts 2024-04-01 2025-03-31 02639573 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02639573 bus:RegisteredOffice 2024-04-01 2025-03-31 02639573 bus:Director3 2024-04-01 2025-03-31 02639573 bus:Director5 2024-04-01 2025-03-31 02639573 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02639573 core:CapitalContributionReserve 2024-04-01 2025-03-31 02639573 core:PatentsTrademarksLicencesConcessionsSimilar 2024-04-01 2025-03-31 02639573 countries:England 2024-04-01 2025-03-31 02639573 2024-03-31 02639573 core:CapitalContributionReserve 2024-03-31 02639573 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 02639573 2023-04-01 2024-03-31 02639573 2024-03-31 02639573 core:RetainedEarningsAccumulatedLosses 2024-03-31 02639573 core:ShareCapital 2024-03-31 02639573 core:CurrentFinancialInstruments 2024-03-31 02639573 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02639573 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 02639573 core:CapitalContributionReserve 2023-04-01 2024-03-31 02639573 core:CapitalContributionReserve 2023-03-31 iso4217:GBP xbrli:pure

Company registration number: 02639573

The Trade Link Company Limited

Filleted Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

The Trade Link Company Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

The Trade Link Company Limited

(Registration number: 02639573)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

495

706

Investment property

5

510,000

510,000

Other financial assets

6

648

5,897,760

 

511,143

6,408,466

Current assets

 

Debtors

7

81,226

353,072

Cash at bank and in hand

 

56,015

290,027

 

137,241

643,099

Creditors: Amounts falling due within one year

8

(404,653)

(71,915)

Net current (liabilities)/assets

 

(267,412)

571,184

Total assets less current liabilities

 

243,731

6,979,650

Provisions for liabilities

 

Deferred tax liabilities

 

-

(369,809)

Net assets

 

243,731

6,609,841

Capital and reserves

 

Called up share capital

500

500

Undistributable reserves

 

170,000

1,279,430

Profit and loss account

73,231

5,329,911

Total equity

 

243,731

6,609,841

 

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 4 August 2025 and signed on its behalf by:
 


E J Pettit
Director


T W Davis
Director

 
 

The Trade Link Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

2

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

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

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

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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:

Asset class

Amortisation method and rate

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 4 (2024 - 4).

 

The Trade Link Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 April 2024

2,113

2,113

At 31 March 2025

2,113

2,113

Amortisation

At 1 April 2024

1,407

1,407

Amortisation charge

211

211

At 31 March 2025

1,618

1,618

Carrying amount

At 31 March 2025

495

495

At 31 March 2024

706

706

5

Investment property

2025
 £

At 1 April 2024 and 31 March 2025

510,000

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

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2024

5,839,477

103,294

5,942,771

Fair value adjustments

(1,479,239)

-

(1,479,239)

Disposals

(4,360,238)

(73,294)

(4,433,532)

At 31 March 2025

-

30,000

30,000

Impairment

At 1 April 2024

-

45,011

45,011

Losses made in the period

-

(365)

(365)

Adjustments resulting from a disposal

-

(15,294)

(15,294)

At 31 March 2025

-

29,352

29,352

Carrying amount

At 31 March 2025

-

648

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

7

Debtors

2025
 £

2024
 £

Trade debtors

-

10,560

Other debtors

81,226

342,512

81,226

353,072

Details of non-current trade and other debtors

£Nil (2024 -£61,321) of Other debtors is classified as non current.

8

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

-

13,620

Taxation and social security

349,553

3,495

Accruals and deferred income

15,100

14,800

Other creditors

40,000

40,000

404,653

71,915

 

The Trade Link Company Limited

Notes to the Unaudited Financial Statements
for the Year Ended 31 March 2025

9

Reserves reconciliation

Undistributable reserves
£

At 1 April 2024

1,279,430

Transfer of fair value adjustment from profit & loss

(1,479,239)

Transfer of deferred tax on fair value adjustments

369,809

At 31 March 2025

170,000

Undistributable reserves
£

At 1 April 2023

835,110

Transfer of fair value adjustment from profit & loss

592,427

Transfer of deferred tax on fair value adjustments

(148,107)

At 31 March 2024

1,279,430