Interlinked Group Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Interlinked Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13233467 . The registered office is 11 Harforde Court, John Tate Road, Hertford, Hertfordshire, SG13 7NW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 rendering of services.

Rendering of services

Turnover from the rendering of services is in the form of management charges to other group company's. Turnover is recognised in the month the management charge is incurred.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are website development costs.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles

25% Reducing balance

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. 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.

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Interlinked Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. 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.

2.8. Investments

Investments in subsidiaries are measured at cost under merger relief due to shares being owned of greater than 80% in those subsidiaries.

Other Investments are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 5)

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 January 2024	-
Additions	1,500

As at 31 December 2024	1,500

Net Book Value
As at 31 December 2024	1,500

As at 1 January 2024	-

5. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 January 2024	13,750

As at 31 December 2024	13,750

Depreciation
As at 1 January 2024	3,652
Provided during the period	2,525

As at 31 December 2024	6,177

Net Book Value
As at 31 December 2024	7,573

As at 1 January 2024	10,098

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Interlinked Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Investments

	Unlisted	Other	Total
	£	£	£
Cost
As at 1 January 2024	380	-	380
Additions	-	13,750	13,750

As at 31 December 2024	380	13,750	14,130

Provision
As at 1 January 2024	-	-	-

As at 31 December 2024	-	-	-

Net Book Value
As at 31 December 2024	380	13,750	14,130

As at 1 January 2024	380	-	380

The Unlisted investments above included 100 Ordinary shares of £1 each in Interlinked Limited being 99% of the issued share capital, 100 Ordinary shares of £1 each in Interlinked Facilities Management Limited being 100% of the issued share capital and 180 Ordinary shares of £1 each in Interlinked Fire & Security Limited being 90% of the issued share capital.

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	193,941	78,411
Other debtors	45,168	7,690

	239,109	86,101

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	6,818	9,807
Amounts owed to group undertakings	28,123	1,000
Other creditors	3,000	2,300
Taxation and social security	128,616	89,859

	166,557	102,966

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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Interlinked Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Mitchell Grimwood	149	1,042	(147 )	-	1,044

The above loan is unsecured, interest free and repayable on demand.

11. Related Party Transactions

M Grimwood

The above is a related party by virtue of being the director of the company.

At the balance sheet date the related party owed £1,044 (2023: £149) to the company.

Interlinked Fire & Security Limited

The above is a related party by virtue of being a subsidiary.

During the year management charges of £63,842 (2023: £44,044) were billed to the related party.

The related party owes the company £25,793 (2023: £7,752) by way of trade debtor at the year end.

Interlinked Limited

The above is a related party by virtue of being a subsidiary.

During the period loans were received and repaid to the Subsidiary.

At the balance sheet date the company owed to the related party £28,123 (2023: £1,000).

During the year management charges amounting to £542,659 (2023: £374,371) were billed to the related party.

The related party owes the company £162,466 (2023: £66,784) by way of trade debtor balance at the year end.

The related party is owed £5,907 (2023: £6,901) by the company by way of trade creditor at the year end.

Interlinked Facilities Management Limited

The above is a related party by virtue of being a subsidiary.

During the year management charges of £31,921 (2023: £22,022) were billed to the related party.

The related party owes the company £5,683 (2023: £Nil) by way of trade debtor at the year end.

12. Ultimate Controlling Party

The company's ultimate controlling party is the director by virtue of his majority ownership of the issued share capital in the company.

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		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,500		-
Tangible Assets	5		7,573		10,098
Investments	6		14,130		380

			23,203		10,478
CURRENT ASSETS
Debtors	7	239,109		86,101
Cash at bank and in hand		33,514		54,952

		272,623		141,053
Creditors: Amounts Falling Due Within One Year	8	(166,557 )		(102,966 )

NET CURRENT ASSETS (LIABILITIES)			106,066		38,087

TOTAL ASSETS LESS CURRENT LIABILITIES			129,269		48,565

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,919 )		(1,919 )

NET ASSETS			127,350		46,646

CAPITAL AND RESERVES
Called up share capital	9		100		100
Capital redemption reserve			(1,000 )		(1,000 )
Profit and Loss Account			128,250		47,546

SHAREHOLDERS' FUNDS			127,350		46,646