REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 December 2022 |
for |
Oliver Landon Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 December 2022 |
for |
Oliver Landon Limited |
Oliver Landon Limited (Registered number: 09346693) |
Contents of the Financial Statements |
for the Year Ended 30 December 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Oliver Landon Limited |
Company Information |
for the Year Ended 30 December 2022 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
9 Vermont Place |
Milton Keynes |
Buckinghamshire |
MK15 8JA |
Oliver Landon Limited (Registered number: 09346693) |
Balance Sheet |
30 December 2022 |
30.12.22 | 30.12.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Investments | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Oliver Landon Limited (Registered number: 09346693) |
Balance Sheet - continued |
30 December 2022 |
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 |
Oliver Landon Limited (Registered number: 09346693) |
Notes to the Financial Statements |
for the Year Ended 30 December 2022 |
1. | STATUTORY INFORMATION |
Oliver Landon Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Oliver Landon Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Turnover |
Turnover is recognised to the extent that is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue comprises the total amount of rent receivable from managed residential properties in respect of the financial year. |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Oliver Landon Limited (Registered number: 09346693) |
Notes to the Financial Statements - continued |
for the Year Ended 30 December 2022 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 31 December 2021 |
and 30 December 2022 |
DEPRECIATION |
At 31 December 2021 |
Charge for year |
At 30 December 2022 |
NET BOOK VALUE |
At 30 December 2022 |
At 30 December 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.12.22 | 30.12.21 |
£ | £ |
Trade debtors |
Other debtors |
6. | CURRENT ASSET INVESTMENTS |
30.12.22 | 30.12.21 |
£ | £ |
Unlisted investments | 624,310 | 624,310 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.12.22 | 30.12.21 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.12.22 | 30.12.21 |
£ | £ |
Bank loans |
Oliver Landon Limited (Registered number: 09346693) |
Notes to the Financial Statements - continued |
for the Year Ended 30 December 2022 |
9. | RELATED PARTY DISCLOSURES |
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. |
Included in Note 6, Other Debtors, are amounts owed by companies that have a common director. As at the balance sheet date the company was owed the following amounts by related parties: |
£152,749 - Doma Housing UK Limited (2021 - £790,612) |
£99,528 - ZKS Housing Limited (2021 - £106,937) |
£2,310 - Che Lettings Limited (2021 - £32,310) |
£251,100 - 141 Holdings Ltd (2021 - £Nil) |
Included in Note 8 Other Creditors are amounts owed by companies that have a common director. As at the balance sheet date the company owed the following amounts to related parties: |
£Nil - 141 Holdings Ltd (2021- £750,000) |
10. | ULTIMATE CONTROLLING PARTY |
The controlling party is 141 Holdings Ltd. |