Linkrate Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03118327 (England and Wales)

Financial Statements for the Year Ended 31 October 2019

for

Linkrate Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs L M Johnson

SECRETARY:

S N Johnson

REGISTERED OFFICE:

145 147 Town Street Horsforth

Leeds

West Yorkshire

LS18 5BL

REGISTERED NUMBER:

03118327 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

2nd Floor, Woodside House

261 Low Lane

Horsforth

Leeds

West Yorkshire

LS18 5NY

FIXED ASSETS

Investment property

4

175,000

50,000

CURRENT ASSETS

Debtors

5

-

6,500

Cash at bank

4,657

2,145

4,657

8,645

CREDITORS

Amounts falling due within one year

6

54,802

53,769

NET CURRENT LIABILITIES

(50,145

)

(45,124

)

TOTAL ASSETS LESS CURRENT LIABILITIES

124,855

4,876

PROVISIONS FOR LIABILITIES

15,618

-

NET ASSETS

109,237

4,876

CAPITAL AND RESERVES

Called up share capital

2

2

Non-distributable reserve

109,382

-

Retained earnings

(147

)

4,874

109,237

4,876

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 11 August 2020 and were signed by:

Mrs L M Johnson - Director

1.	STATUTORY INFORMATION

Linkrate 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net rents receivable.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

Financial instruments

Basic financial instruments are recognised at amortised costs. Derivative financial instruments are

initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2018

50,000

Revaluations

125,000

At 31 October 2019

175,000

NET BOOK VALUE

At 31 October 2019

175,000

At 31 October 2018

50,000

Fair value at 31 October 2019 is represented by:

£

Valuation in 2019

125,000

Cost

50,000

175,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Other debtors

-

6,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Taxation and social security

-

207

Other creditors

54,802

53,562

54,802

53,769