REGISTERED NUMBER: 08225084 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

LINK GROUP HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A J Durrani

REGISTERED OFFICE:

71 Gloucester Road

London

SW7 4SS

REGISTERED NUMBER:

08225084 (England and Wales)

ACCOUNTANTS:

AKS Advisers

14-15 Lower Grosvenor Place

London

SW1W 0EX

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

28,172

53,648

Investments

6

2,519,330

2,519,330

2,547,502

2,572,978

CURRENT ASSETS

Debtors

7

567,932

589,521

Cash at bank

9,456

6,573

577,388

596,094

CREDITORS

Amounts falling due within one year

8

2,006,765

1,614,214

NET CURRENT LIABILITIES

(1,429,377

)

(1,018,120

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,118,125

1,554,858

CREDITORS

Amounts falling due after more than one year

9

(559,000

)

(559,000

)

PROVISIONS FOR LIABILITIES

(10,140

)

(10,140

)

NET ASSETS

548,985

985,718

CAPITAL AND RESERVES

Called up share capital

250,000

250,000

Capital redemption reserve

486,000

486,000

Retained earnings

(187,015

)

249,718

548,985

985,718

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 July 2026 and were signed by:

A J Durrani - Director

1.	STATUTORY INFORMATION

Link Group Holdings 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.

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.

The financial statements are prepared in Sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The Company reported a net loss of £436,733 (2024: £239,968). The variation was primarily due to restructuring of expenses between the company and its subsidiaries.

As at the year end, the Balance Sheet of the company showed net current liabilities of £1,429,377 (2024: £1,018,120).

The company's forecasts and projections, taking into account the current economic conditions and reasonable changes in trading performance, show that the company should be able to operate within its current reserves level.

After considering all the factors, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for foreseeable future. For these reasons, the company continues to adopt the going concern basis in preparing annual report and accounts.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets

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

Plant and machinery etc - at 20% on cost

Computer equipments - at 25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial Instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously.

Basic Financial Assets

Basic financial assets, which include debtors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other Financial Assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publically traded and whose fair values can not be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit and loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit and loss.

Derecognition of Financial Assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic Financial Liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement continues a financial transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented an non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash hedge.

Debt instruments that do not meet the conditions of FRS 102 paragraph 11.9 are subsequently measured at fair value through profit and loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of Financial Liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Classification of Financial Liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Cash and Cash Equivalents

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

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 October 2024

and 30 September 2025

9,604

AMORTISATION

At 1 October 2024

and 30 September 2025

9,604

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 October 2024

and 30 September 2025

130,185

49,327

39,303

218,815

DEPRECIATION

At 1 October 2024

86,245

49,327

29,595

165,167

Charge for year

19,527

-

5,949

25,476

At 30 September 2025

105,772

49,327

35,544

190,643

NET BOOK VALUE

At 30 September 2025

24,413

-

3,759

28,172

At 30 September 2024

43,940

-

9,708

53,648

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2024

and 30 September 2025

2,519,330

NET BOOK VALUE

At 30 September 2025

2,519,330

At 30 September 2024

2,519,330

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

-

7,639

Amounts owed by group undertakings

516,206

5,439

Other debtors

51,726

576,443

567,932

589,521

Amounts owed by group undertakings falling due within one year include £56,000 (2024: Nil) due from Link FX Corporation Ltd, £602 (2024: £383) owed by LNK Financial Technologies Limited, £235,000 (2024: £315,000) owed by LNK Technology Enterprises Limited, £155,770 (2024: £155,770) owed by Retail365 Solutions Limited, £4,334 (2024: £4334) owed by Gloucester Road Associates Limited, £62,000 (2024: £62,000) owed by Coe Solutions Finance Limited and £2,500 (2024: £2,500) owed by Coe Solutions (IT) Limited. All of the companies are registered in England and Wales and under control of the director Mr A J Durrani.

Other debtors include £36,250 (2024: £36,456) of prepayments and £15,476 (2024: Nil) owed by Tramuntana Ventures FZCO.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade creditors

87,191

79,981

Amounts owed to group undertakings

1,012,024

615,716

Other creditors

907,550

918,517

2,006,765

1,614,214

Amounts owed to group undertakings falling due within one year include £978,000 (2024: £614,891) owed to Link FX PLC, £10,300 (2024: -£5,000) owed to Gloucester Road Tourist Information Services Limited and £23,724 (2024: £438) owed to Link FX Wholesale Limited. All of the companies are registered in England and Wales and under control of the director, Mr A J Durrani.

Other creditors include £173,119 (2024: £184,687) owed to director A J Durrani, £8,985 (2024: £8,985) dividend payable, £124,636 (2024: £91,333) accruals and £600,809 (2024: £600,809) loan from Robert Brinkley.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Other creditors

559,000

559,000

Other creditors include £200,000 (2024: £200,000) owed to D Yves Noel and £359,000 (2024: £359,000) owed to T Fiore.

10.	ULTIMATE PARENT COMPANY

Link FX Corporation Ltd is regarded by the director as being the company's ultimate parent company.

11.	ULTIMATE CONTROLLING PARTY

Mr A J Durrani is the ultimate controlling party by virtue of his voting rights in Link FX Corporation Ltd.