Interlink Direct Properties Limited

Registered number

11576976

Financial Statements

31 March 2026

Interlink Direct Properties Limited
Registered number:		11576976
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		13,086,782			13,193,761

Current assets
Debtors	5	1			268,024
Cash at bank and in hand		11,930			8,210
		11,931			276,234

Creditors: amounts falling due within one year	6	(492,695)			(1,800)

Net current (liabilities)/assets			(480,764)			274,434

Total assets less current liabilities			12,606,018			13,468,195

Creditors: amounts falling due after more than one year	7		(12,698,340)			(13,758,756)

Provisions for liabilities			(1,802)			-


Net liabilities			(94,124)			(290,561)

Capital and reserves
Called up share capital			1			1
Profit and loss account			(94,125)			(290,562)

Shareholder's funds			(94,124)			(290,561)

The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Ms Y H Kwok
Director
Approved by the board on 30 September 2026

Interlink Direct Properties Limited
Notes to the Financial Statements
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 Section 1A 'Small Entities' ("FRS 102 1A") and the Companies Act 2006. Additional disclosures have been included where necessary to give a true and fair view.

	Turnover
	Turnover represents rental income charged to group undertakings for the use of commercial premises, recognised on an accruals basis in accordance with the underlying tenancy agreements.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: In accordance with paragraph 16.4A of FRS 102, freehold property rented to other group entities is accounted for as property, plant and equipment rather than investment property and is measured under the cost model.

	Freehold buildings		over 50 years
	Plant and machinery		over 5 years
	Structure and Buildings		3% straight line

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Going concern
	As at 31 March 2026, the company’s total liabilities exceeded its total assets by £94,124 (2025: £290,561), giving rise to a net liability position on shareholder funds. The company relies on its fellow subsidiary undertaking, Interlink Direct Limited, to provide ongoing financial backing to enable the company to satisfy its obligations and operational expenses as they fall due. Interlink Direct Limited has formally confirmed via a signed Letter of Support that it will continue to provide adequate financial support and will not demand repayment of inter-company balances owed to it for a period of at least 12 months from the date of approval of these financial statements. The directors have reviewed cash flow forecasts for the company covering this 12-month period and have assessed the financial capacity of Interlink Direct Limited to fulfill its support undertaking. Based on this assessment, the directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing these financial statements.


2	Audit information

	The audit report is unqualified.

	Senior statutory auditor:	Mr Victor Man BSc BFP FCA
	Firm:	Man & Co
	Date of audit report:	30 September 2026


3	Employees				2026		2025
Number						Number

	Average number of persons employed by the company				0		0


4	Tangible fixed assets
			Land and buildings		Plant and machinery etc		Total
£				£		£
	Cost
	At 1 April 2025		13,415,040		13,000		13,428,040
	At 31 March 2026		13,415,040		13,000		13,428,040

	Depreciation
	At 1 April 2025		231,679		2,600		234,279
	Charge for the year		104,379		2,600		106,979
	At 31 March 2026		336,058		5,200		341,258

	Net book value
	At 31 March 2026		13,078,982		7,800		13,086,782
	At 31 March 2025		13,183,361		10,400		13,193,761


5	Debtors				2026		2025
£						£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest				1		1
	Deferred tax asset				-		107
	Other debtors				-		267,916
					1		268,024


6	Creditors: amounts falling due within one year				2026		2025
£						£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest				417,000		-
	Taxation and social security costs				73,195		-
	Other creditors				2,500		1,800
					492,695		1,800


7	Creditors: amounts falling due after one year				2026		2025
£						£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest				12,698,340		13,758,756


8	Related party transactions

	The company has taken advantage of the exemption available under paragraph 33.1A of FRS 102 not to disclose transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.


9	Presentation currency

	The financial statements are presented in Sterling.


10	Controlling party

	The ultimate controlling party is Interlink Direct Holdings Limited, a company registered in England and Wales. Interlink Direct Holdings Limited holds 100% of the shares in the company. The consolidated financial statements of Interlink Direct Holdings Limited are available to the public and may be obtained from Companies House, Cardiff, CF14 3UZ.


11	Other information

	Interlink Direct Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
	402-404 Roding Lane South
	Woodford Green
	Essex
	England
	IG8 8EY