Link Up Lettings Ltd - Accounts to registrar (filleted) - small 18.2
Link Up Lettings Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 DECEMBER 2018 |
| FOR |
| LINK UP LETTINGS LTD |
| LINK UP LETTINGS LTD (REGISTERED NUMBER: 04521569) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29 DECEMBER 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| LINK UP LETTINGS LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 29 DECEMBER 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| The Old Casino |
| 28 Fourth Avenue |
| Hove |
| East Sussex |
| BN3 2PJ |
| LINK UP LETTINGS LTD (REGISTERED NUMBER: 04521569) |
| BALANCE SHEET |
| 29 DECEMBER 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 on by: |
| LINK UP LETTINGS LTD (REGISTERED NUMBER: 04521569) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29 DECEMBER 2018 |
| 1. | STATUTORY INFORMATION |
| Link Up Lettings Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to |
| consideration. |
| Goodwill |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
| less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Freehold property | - |
| Long leasehold | - |
| Fixtures and equipment | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
| lease. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| LINK UP LETTINGS LTD (REGISTERED NUMBER: 04521569) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 29 DECEMBER 2018 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 30 December 2017 |
| and 29 December 2018 |
| AMORTISATION |
| At 30 December 2017 |
| and 29 December 2018 |
| NET BOOK VALUE |
| At 29 December 2018 |
| At 29 December 2017 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Long | and |
| property | leasehold | equipment |
| £ | £ | £ |
| COST |
| At 30 December 2017 |
| Additions |
| At 29 December 2018 |
| DEPRECIATION |
| At 30 December 2017 |
| Charge for year |
| At 29 December 2018 |
| NET BOOK VALUE |
| At 29 December 2018 |
| At 29 December 2017 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 30 December 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 29 December 2018 |
| DEPRECIATION |
| At 30 December 2017 |
| Charge for year |
| At 29 December 2018 |
| NET BOOK VALUE |
| At 29 December 2018 |
| At 29 December 2017 |
| LINK UP LETTINGS LTD (REGISTERED NUMBER: 04521569) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 29 DECEMBER 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| VAT |
| Accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Tax |
| VAT | 8,580 | - |
| Other creditors |
| Link Up Property Management Lt |
| d | (253,923 | ) | (78,264 | ) |
| Link Up Personnel Limited | 7 | - |
| Directors' current accounts | 846,154 | 782,217 |
| Accrued expenses |
| 8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| During the year, S Simmonds increased his loan to the company. As at 29 December 2018, the company owed |
| him £846,155 (2017: £782,217). This balance represented the maximum amount outstanding during the year. |
| Interest is charged on any overdrawn amounts at the beneficial loan interest rate. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| This was by virtue of their 100% holding of the issued share capital. |