Links Residential Developments (Llanidloes) Ltd - Period Ending 2023-01-31

Links Residential Developments (Llanidloes) Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 4

Links Residential Developments (Llanidloes) Ltd

Company Information

Directors

D G Morgan D L Poyner

Registered office

Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

Accountants

CBSL Accountants Limited Chartered Accountants Rowan House North 1 The Professional Quarter Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

Links Residential Developments (Llanidloes) Ltd

(Registration number: 13864773)
Balance Sheet as at 31 January 2023

	Note	2023 £
Current assets
Stocks	4	972,900
Creditors: Amounts falling due within one year	5	(973,340)
Net liabilities		(440)
Capital and reserves
Called up share capital	6	100
Retained earnings		(540)
Shareholders' deficit		(440)

For the financial period ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 October 2023 and signed on its behalf by:
 

D G Morgan Director

Links Residential Developments (Llanidloes) Ltd

Notes to the Unaudited Financial Statements for the Period from 21 January 2022 to 31 January 2023

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The parent company will continue to support the company to ensure all liabilities are met as they fall due.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

Links Residential Developments (Llanidloes) Ltd

Notes to the Unaudited Financial Statements for the Period from 21 January 2022 to 31 January 2023

4

Stocks

	2023 £
Work in progress	972,900

5

Creditors

Creditors: amounts falling due within one year

	Note	2023 £
Due within one year
Trade creditors		121,057
Amounts owed to group undertakings and undertakings in which the company has a participating interest	7	851,743
Accruals and deferred income		540
		973,340

6	Share capital

Allotted, called up and fully paid shares

	2023
	No.	£
Ordinary shares of £1 each	100	100

7	Related party transactions

Summary of transactions with parent

The company owed a balance of £851,743 to the parent company, Links Residential Developments Limited, which is included in creditors. This balance is unsecured, interest free and with no fixed terms of repayment.
 

8	Parent and ultimate parent undertaking

The company's immediate parent is Links Residential Developments Limited, incorporated in England & Wales.