Links Corporate Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08996619 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2020

for

Links Corporate Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D G Morgan

D L Poyner

REGISTERED OFFICE:

3 Hagley Court North

The Waterfront

Dudley

West Midlands

DY5 1XF

REGISTERED NUMBER:

08996619 (England and Wales)

ACCOUNTANTS:

Cox & Co Limited

Chartered Certified Accountants

3 Hagley Court North

The Waterfront

Dudley

West Midlands

DY5 1XF

FIXED ASSETS

Investments

4

151

103

Investment property

5

563,249

997,173

563,400

997,276

CURRENT ASSETS

Debtors

6

1,784,425

1,272,106

Cash at bank and in hand

477,704

444,739

2,262,129

1,716,845

CREDITORS

Amounts falling due within one year

7

105,631

61,942

NET CURRENT ASSETS

2,156,498

1,654,903

TOTAL ASSETS LESS CURRENT LIABILITIES

2,719,898

2,652,179

CREDITORS

Amounts falling due after more than one year

8

210,087

232,882

NET ASSETS

2,509,811

2,419,297

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

2,509,805

2,419,291

SHAREHOLDERS' FUNDS

2,509,811

2,419,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 25 August 2021 and were signed on its behalf by:

D G Morgan - Director

1.	STATUTORY INFORMATION

Links Corporate 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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 3 (2019 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2020

103

Additions

48

At 31 December 2020

151

NET BOOK VALUE

At 31 December 2020

151

At 31 December 2019

103

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2020

997,173

Disposals

(433,924

)

At 31 December 2020

563,249

NET BOOK VALUE

At 31 December 2020

563,249

At 31 December 2019

997,173

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Trade debtors

21,797

23,100

Amounts owed by group undertakings

884,366

-

Other debtors

878,262

1,249,006

1,784,425

1,272,106

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Bank loans and overdrafts

21,927

19,867

Trade creditors

4,519

1,381

Amounts owed to group undertakings

21,694

18,679

Taxation and social security

35,030

1,265

Other creditors

22,461

20,750

105,631

61,942

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.12.19

£

£

Bank loans

210,087

232,882

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

109,018

140,633

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.20

31.12.19

£

£

Bank loans

232,014

252,749

The bank loan is secured by way of a mortgage and a legal charge held over the freehold property.

10.	ULTIMATE CONTROLLING PARTY