Canterbury Local Link Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07253198 (England and Wales)

Canterbury Local Link Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D A G Davies

J G Gauld

REGISTERED OFFICE:

The Shrubbery

Felderland Lane

Worth

Deal

Kent

CT14 0BT

BUSINESS ADDRESS:

Office 12

Marshside Business Park

Marshside Road

Canterbury

Kent

CT1 1DX

REGISTERED NUMBER:

07253198 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Tangible assets

4

3,145,167

3,145,250

Investments

5

-

2

3,145,167

3,145,252

CURRENT ASSETS

Debtors

6

1,074,416

1,074,460

Cash at bank and in hand

494,592

281,223

1,569,008

1,355,683

CREDITORS

Amounts falling due within one year

7

86,074

36,586

NET CURRENT ASSETS

1,482,934

1,319,097

TOTAL ASSETS LESS CURRENT LIABILITIES

4,628,101

4,464,349

CREDITORS

Amounts falling due after more than one
year

8

(404,334

)

(424,334

)

PROVISIONS FOR LIABILITIES

(199,837

)

(159,105

)

NET ASSETS

4,023,930

3,880,910

CAPITAL AND RESERVES

Called up share capital

10

6

Fair value reserve

865,804

Retained earnings

3,158,120

3,015,100

SHAREHOLDERS' FUNDS

4,023,930

3,880,910

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

D A G Davies - Director

1.	STATUTORY INFORMATION

Canterbury Local Link Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Canterbury Local Link Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Income recognition

Turnover represents net invoiced rents receivable on residential lettings, net of discounts and rebates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Tangible fixed assets

Tangible fixed assets, except freehold land and buildings treated as investment properties, are stated at original historical cost less depreciation. Depreciation is calculated so as to write off the cost of each asset, less its estimated residual value, over its expected useful life.

The investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

3,145,000

4,971

3,149,971

DEPRECIATION

At 1 April 2024

-

4,721

Charge for year

-

83

At 31 March 2025

-

4,804

NET BOOK VALUE

At 31 March 2025

3,145,000

167

3,145,167

At 31 March 2024

3,145,000

250

3,145,250

Cost or valuation at 31 March 2025 is represented by:

Land and

buildings

£

Valuation in 2025

3,145,000

Freehold properties were valued on an open market basis on 31 March 2025 by the directors .

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

2

Disposals

(2

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

2

6.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Other debtors

4,416

4,460

Amounts falling due after more than one year:

Other debtors

1,070,000

Aggregate amounts

1,074,416

1,074,460

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

20,000

Taxation and social security

61,798

12,298

Other creditors

4,276

4,288

86,074

36,586

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

404,334

424,334

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans and mortgages

424,334

The bank loans and mortgages are secured by fixed and floating charges, and negative pledges over all the assets of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

4

Ordinary

1

6

11.	RELATED PARTY DISCLOSURES

Debtors at the balance sheet date include loans made to these companies, in which the directors have interests.

Remarkably Limited

£400,000

Jon Gauld Student Lets Limited

£400,000