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Registered number: 08714439 LINKS COMMODITIES LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE PERIOD ENDED 30 SEPTEMBER 2025
LINKS COMMODITIES LIMITED REGISTERED NUMBER: 08714439 BALANCE SHEET AS AT 30 SEPTEMBER 2025
|  | 30 September |  | 31 October
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 8,607 |  | 11,475
Tangible assets | 5 |  | 6,665 |  | 5,208
|  |  | 15,272 |  | 16,683
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 310,735 |  | 289,676 |
Cash at bank and in hand | 7 | 157,383 |  | 13,715 |
|  | 468,118 |  | 303,391 |
Creditors: amounts falling due within one year | 8 | (300,276) |  | (138,871) |
Net current assets |  |  | 167,842 |  | 164,520
Total assets less current liabilities |  |  | 183,114 |  | 181,203
Net assets |  |  | 183,114 |  | 181,203
Capital and reserves |  |  |  |  |
Called up share capital | 9 |  | 27,000 |  | 27,000
Profit and loss account |  |  | 156,114 |  | 154,203
|  |  | 183,114 |  | 181,203
Page 1
LINKS COMMODITIES LIMITED REGISTERED NUMBER: 08714439 BALANCE SHEET (CONTINUED) AS AT 30 SEPTEMBER 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
J Gaunt
Director
Date: 3 October 2025
The notes on pages 3 to 8 form part of these financial statements. Page 2
LINKS COMMODITIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2025
1. | General information
Links Commodities Limited is a private company, limited by shares, registered in England and Wales, registration number 08714439. The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
| 2.2 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges. Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'. Page 3
LINKS COMMODITIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Research and development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
| 2.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.6 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Page 4
LINKS COMMODITIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.7 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
| 2.8 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 10% | on cost
|  |  |  | Computer equipment | - | 33% | on cost
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.11 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 5
LINKS COMMODITIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2025 2.Accounting policies (continued)
| 2.12 | 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. | Employees
| The average monthly number of employees, including directors, during the period was 2 (2024 - 2).
4. | Intangible assets
|  | Software
|  | £
| Cost |
| At 1 November 2024 | 28,684
| At 30 September 2025 | 28,684
| Amortisation |
| At 1 November 2024 | 17,209
| Charge for the period on owned assets | 2,868
| At 30 September 2025 | 20,077
| Net book value |
| At 30 September 2025 | 8,607
| At 31 October 2024 | 11,475
Page 6
LINKS COMMODITIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2025
5. | Tangible fixed assets
|  | Fixtures and fittings | Computer equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 November 2024 | 10,085 | 7,127 | 17,212
| Additions | 2,650 | 359 | 3,009
| At 30 September 2025 | 12,735 | 7,486 | 20,221
| Depreciation |  |  |
| At 1 November 2024 | 5,705 | 6,300 | 12,005
| Charge for the period on owned assets | 955 | 596 | 1,551
| At 30 September 2025 | 6,660 | 6,896 | 13,556
| Net book value |  |  |
| At 30 September 2025 | 6,075 | 590 | 6,665
| At 31 October 2024 | 4,381 | 827 | 5,208
6. | Debtors
|  |  |  |  | 30 September | 31 October
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other debtors | 155,852 | 139,676
| Prepayments and accrued income | 154,883 | 150,000
|  | 310,735 | 289,676
Page 7
LINKS COMMODITIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2025
7. | Cash and cash equivalents
|  |  |  |  | 30 September | 31 October
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 157,383 | 13,715
|  | 157,383 | 13,715
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 30 September | 31 October
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax | 224,935 | 110,925
| Other creditors | 69,091 | 24,696
| Accruals and deferred income | 6,250 | 3,250
|  | 300,276 | 138,871
9. | Share capital
|  |  |  |  | 30 September | 31 October
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 2,700 (2024 - 2,700) Ordinary Shares shares of £1.00 each | 2,700 | 2,700
|  | 22,950 (2024 - 22,950) Ordinary A Shares shares of £1.00 each | 22,950 | 22,950
|  | 1,350 (2024 - 1,350) Ordinary B Shares shares of £1.00 each | 1,350 | 1,350
|  |  | 27,000 | 27,000
Page 8