Perfectlink Estates Ltd - Accounts to registrar (filleted) - small 17.3

Perfectlink Estates Ltd - Accounts to registrar (filleted) - small 17.3

PERFECTLINK ESTATES LTD - Company Information

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REGISTERED NUMBER: 06707420 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

PERFECTLINK ESTATES LTD
PERFECTLINK ESTATES LTD (REGISTERED NUMBER: 06707420)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PERFECTLINK ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTOR: Mr A Goldman





SECRETARY: Mr A Goldman





REGISTERED OFFICE: 98 Darenth Road
Stamford Hill
London
N16 6ED





REGISTERED NUMBER: 06707420 (England and Wales)





ACCOUNTANTS: P J Marks and Co. Ltd
Chartered Certified Accountants
115b Drysdale Street Hoxton
London
N1 6ND
Page 1
PERFECTLINK ESTATES LTD (REGISTERED NUMBER: 06707420)

BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 - -
Investment property 4 1,999,950 889,506
1,999,950 889,506

CURRENT ASSETS
Cash at bank 34,152 40,570

CREDITORS
Amounts falling due within one year 5 370,758 339,086
NET CURRENT LIABILITIES (336,606 ) (298,516 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,663,344
590,990

CREDITORS
Amounts falling due after more than one year 6 604,106 629,548
NET ASSETS/(LIABILITIES) 1,059,238 (38,558 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,059,138 (38,658 )
SHAREHOLDERS' FUNDS 1,059,238 (38,558 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
PERFECTLINK ESTATES LTD (REGISTERED NUMBER: 06707420)

BALANCE SHEET - continued
31 MARCH 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 15 December 2017 and were signed by:





Mr A Goldman - Director


The notes form part of these financial statements

Page 3
PERFECTLINK ESTATES LTD (REGISTERED NUMBER: 06707420)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017

1. STATUTORY INFORMATION

Perfectlink Estates Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

At the close of business on 31 March 2013 the company's liabilities exceeded its assets. The director has
confirmed that he will continue to provide financial support to the company and consider it appropriate for the
financial statements to be prepared on the going concern basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on 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.

Secured loans
The assets of the company are secured by a fixed and floating charge held by Lloyds TSB Bank Plc.

Page 4 continued...
PERFECTLINK ESTATES LTD (REGISTERED NUMBER: 06707420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

3. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1 April 2016
and 31 March 2017 59,066
DEPRECIATION
At 1 April 2016
and 31 March 2017 59,066
NET BOOK VALUE
At 31 March 2017 -
At 31 March 2016 -

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2016 889,506
Revaluations 1,110,444
At 31 March 2017 1,999,950
NET BOOK VALUE
At 31 March 2017 1,999,950
At 31 March 2016 889,506

Fair value at 31 March 2017 is represented by:

£   
Valuation in 2017 1,110,444
Cost 889,506
1,999,950

If investment property had not been revalued it would have been included at the following historical cost:

2017 2016
£    £   
Cost 889,506 889,506

Investment property was valued on an open market basis on 31 March 2017 by the director .

Page 5 continued...
PERFECTLINK ESTATES LTD (REGISTERED NUMBER: 06707420)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 22,528 22,528
Other creditors 348,230 316,558
370,758 339,086

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loans 604,106 629,548

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 604,106 629,548

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Goldman.

Page 6