ACCOUNTS - Final Accounts

BRANLINK LIMITED - Company Information

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Registered number: 04601368

BRANLINK LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2020

BRANLINK LIMITED

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 5

BRANLINK LIMITED

REGISTERED NUMBER: 04601368

BALANCE SHEET

AS AT 30 NOVEMBER 2020

	2020	2020	2019	2019
Note	£	£	£	£

Fixed assets
Investments	3		764,296		764,296
			764,296		764,296
Current assets
Debtors: amounts falling due within one year	4	100		100
Cash at bank and in hand	5	9,094		9,094
		9,194		9,194
Creditors: amounts falling due within one year	6	(1)		(1)
Net current assets			9,193		9,193
Total assets less current liabilities			773,489		773,489

Net assets			773,489		773,489

Page 1

BRANLINK LIMITED

REGISTERED NUMBER: 04601368

BALANCE SHEET (CONTINUED)

AS AT 30 NOVEMBER 2020

	2020	2019
Note	£	£

Capital and reserves
Called up share capital	100	100
Profit and loss account	773,389	773,389
	773,489	773,489

For the year ended 30 November 2020 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 July 2021.

D G Mattey

Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

BRANLINK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

1.	General information

Branlink Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 04601368. The address of the registered office is Lawrence House, Goodwyn Avenue, Mill Hill, London, NW7 3RH. The principal activity of the company is that of holding company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

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BRANLINK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

3.	Fixed asset investments

		Investments in Subsidiary Companies
		£
	Cost or valuation
	At 1 December 2019	764,296
	At 30 November 2020	764,296

Subsidiary undertakings
The following were subsidiary undertakings of the Company:
Name	Class of shares	Holding

	David Cannon Properties Limited	Ordinary	100%
	Branlink Investments Limited	Ordinary	100%

The aggregate of the share capital and reserves as at 30 November 2020 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
Name	Aggregate of share capital and reserves	Profit/(Loss)
	£	£

	David Cannon Properties Limited	5,565,275	119,275
	Branlink Investments Limited	1	-

Debtors

					2020	2019
					£	£


Other debtors	100	100
	100	100

Page 4

BRANLINK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2020

5.	Cash and cash equivalents
		2020	2019
		£	£

Cash at bank and in hand	9,094	9,094
	9,094	9,094

6.	Creditors: Amounts falling due within one year
		2020	2019
		£	£

Amounts owed to group undertakings	1	1
	1	1

7.	Related party transactions
	At the year end the following were due from/(to) the following:

		Loans due at 30/11/2020	Loans due at 30/11/2019
		£	£

	Entities with control, joint control or significant influence over the entity	(1)	(1)
		(1)	(1)

8.	Controlling party

The Company's ultimate parent company is Winsyl Investments Limited, a company incorporated in England and Wales.
The ultimate controlling party is S Mattey by virtue of his majority shareholding in the ultimate parent company.

Page 5