Company registration number 13793733 (England and Wales)
ILINKA COLLECTION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ILINKA COLLECTION LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ILINKA COLLECTION LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
31,593
9,263
Cash at bank and in hand
6,495
465
38,088
9,728
Creditors: amounts falling due within one year
5
(25,608)
(4,078)
Net current assets
12,480
5,650
Creditors: amounts falling due after more than one year
6
(9,960)
(9,960)
Net assets/(liabilities)
2,520
(4,310)
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
2,320
(4,510)
Total equity
2,520
(4,310)

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 1 October 2025
Ms IN Lukic Abos
Director
Company registration number 13793733 (England and Wales)
ILINKA COLLECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Ilinka Collection Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, 114a Cromwell Road, Kensington, London, SW7 4AG.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

ILINKA COLLECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
0
0
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
(164)
-
0
Corporation tax recoverable
5,626
1,123
Other debtors
26,131
8,140
31,593
9,263

Included in other debtors are amounts totalling £9,462 (2023: £6,902) due a company under common control. The amounts are interest free and repayable on demand.

5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
13,104
1,199
Corporation tax
7,255
-
0
Other taxation and social security
1,897
701
Other creditors
3,352
2,178
25,608
4,078
ILINKA COLLECTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
9,960
9,960
7
Directors' transactions

The following amounts were advanced/(repaid) to the director in the year:

Advances
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Director
2.25
-
16,566
241
(138)
16,669
-
16,566
241
(138)
16,669
2024-12-31 2024-01-01 false false false 02 October 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Ilinka Lukic Abos 13793733 2024-01-01 2024-12-31 13793733 2024-12-31 13793733 2023-12-31 13793733 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 13793733 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 13793733 core:CurrentFinancialInstruments 2024-12-31 13793733 core:CurrentFinancialInstruments 2023-12-31 13793733 core:Non-currentFinancialInstruments 2024-12-31 13793733 core:Non-currentFinancialInstruments 2023-12-31 13793733 core:ShareCapital 2024-12-31 13793733 core:ShareCapital 2023-12-31 13793733 core:RetainedEarningsAccumulatedLosses 2024-12-31 13793733 core:RetainedEarningsAccumulatedLosses 2023-12-31 13793733 bus:Director1 2024-01-01 2024-12-31 13793733 2023-01-01 2023-12-31 13793733 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13793733 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13793733 bus:FRS102 2024-01-01 2024-12-31 13793733 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13793733 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP