Company registration number SC686487 (Scotland)
Linkfield Residential Limited
Unaudited Financial Statements
For the year ended 31 March 2026
Linkfield Residential Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
Linkfield Residential Limited
Statement Of Financial Position
As at 31 March 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
28,525
35,657
Current assets
Debtors
5
260,517
184,045
Cash at bank and in hand
34,033
86,597
294,550
270,642
Creditors: amounts falling due within one year
6
(98,066)
(107,646)
Net current assets
196,484
162,996
Total assets less current liabilities
225,009
198,653
Provisions for liabilities
(7,131)
(8,914)
Net assets
217,878
189,739
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
217,778
189,639
Total equity
217,878
189,739
Linkfield Residential Limited
Statement Of Financial Position (continued)
As at 31 March 2026
31 March 2026
- 2 -

For the financial year ended 31 March 2026 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 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.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 July 2026 and are signed on its behalf by:
Mr P J Coldwell
Director
Company registration number SC686487 (Scotland)
Linkfield Residential Limited
Notes to the financial statements
For the year ended 31 March 2026
- 3 -
1
Accounting policies
Company information

Linkfield Residential Limited is a private company limited by shares incorporated in Scotland. The registered office is 19 Linkfield Road, Musselburgh, Midlothian, Scotland, EH21 7LQ.

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 is recognised on care and accommodation services on a straight line basis over the relevant period. Amounts invoiced in advance are included as deferred income in the statement of financial position. Amounts invoiced in arrears are included as accrued income in the statement of financial position.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
20% on reducing balance
Plant and equipment
20% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
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 to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and 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 the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Linkfield Residential Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies
(Continued)
- 4 -
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.

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 constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts 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. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
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 income statement 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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
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.

Linkfield Residential Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
1
Accounting policies
(Continued)
- 5 -
1.7

Dividends

Equity dividends are recognised when they become legally payable and are no longer at the discretion of the company.

2
Judgements and key sources of estimation uncertainty

There are currently no significant judgements and estimates applied by the directors which are considered key to the preparation of the financial statements.

3
Employees

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

2026
2025
Number
Number
Total
18
18
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2025 and 31 March 2026
17,000
40,978
57,978
Depreciation and impairment
At 1 April 2025
3,400
18,921
22,321
Depreciation charged in the year
2,720
4,412
7,132
At 31 March 2026
6,120
23,333
29,453
Carrying amount
At 31 March 2026
10,880
17,645
28,525
At 31 March 2025
13,600
22,057
35,657
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
44,331
31,393
Amounts owed by group undertakings
198,104
142,992
Other debtors
18,082
9,660
260,517
184,045
Linkfield Residential Limited
Notes to the financial statements (continued)
For the year ended 31 March 2026
- 6 -
6
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
981
1,645
Taxation and social security
84,916
67,207
Other creditors
12,169
38,794
98,066
107,646
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