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REGISTERED NUMBER: 04722544 (England and Wales)











LAND PROPERTY HOLDINGS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






LAND PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 04722544)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


LAND PROPERTY HOLDINGS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: L S Neilson
A G Doyle
N C S Robson
D J Winch





SECRETARY: A G Doyle





REGISTERED OFFICE: 1 Quay Point
Station Road
Woodbridge
Suffolk
IP12 4AL





REGISTERED NUMBER: 04722544 (England and Wales)





AUDITORS: Berringers LLP
Chartered Accountants
and Statutory Auditors
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

LAND PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 04722544)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,512,515 2,512,515
Investment property 5 6,570,000 6,035,000
9,082,515 8,547,515

CURRENT ASSETS
Debtors 6 252,000 215,417
Cash at bank 414,737 28,285
666,737 243,702
CREDITORS
Amounts falling due within one year 7 3,016,108 2,904,282
NET CURRENT LIABILITIES (2,349,371 ) (2,660,580 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,733,144

5,886,935

CREDITORS
Amounts falling due after more than one
year

8

(4,638,384

)

(4,148,523

)

PROVISIONS FOR LIABILITIES 11 - (16,250 )
NET ASSETS 2,094,760 1,722,162

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 12 2,094,752 1,722,154
SHAREHOLDERS' FUNDS 2,094,760 1,722,162

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2023 and were signed on its behalf by:





D J Winch - Director


LAND PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 04722544)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Land Property Holdings 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the
amounts reported for revenues and expenditures during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Management do not consider that there is a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period.

Going Concern
The Directors have considered the current economic and financial situation against the Company's activities, income and expenditure and have concluded that the current risks to the Company are not significant and that no additional provisions need to be made. It is the Directors' opinion that the Company will be a going concern for the foreseeable future.

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 Statement of Income and Retained Earnings, 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.

LAND PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 04722544)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Going concern
It is the directors' opinion that the company is a going concern for the foreseeable future.

Debtors
Short term debtors are measures at transaction price, less any impairment. Loans receivable are measured
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the
effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks. Bank overdrafts, when applicable are shown within borrowings in current liabilities.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are
measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 2,512,515
NET BOOK VALUE
At 31 March 2023 2,512,515
At 31 March 2022 2,512,515

The company's investments at the Balance sheet date in the share capital of companies include the following:

Ash Corporate Finance (Maidstone) Limited
Registered office: 1 Quay Point,Station Road,Woodbridge, Suffolk, IP12 4AL
Nature of business: Property Investment
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves 2,576,051 2,565,038
Profit for the year 266,724 69,670

LAND PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 04722544)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 6,035,000
Additions 601,321
Revaluations (66,321 )
At 31 March 2023 6,570,000
NET BOOK VALUE
At 31 March 2023 6,570,000
At 31 March 2022 6,035,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 635,174
Cost 5,934,826
6,570,000

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 5,934,826 5,333,505

Investment property was valued on an open market basis basis on by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 79,305 85,145
Other debtors 126,970 128,723
VAT 45,725 1,549
252,000 215,417

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 116,649 126,289
Other loans (see note 9) 160,000 160,000
Trade creditors 138,302 40,447
Taxation 24,150 3,813
Other creditors 2,574,507 2,571,233
Directors' loan accounts 2,500 2,500
3,016,108 2,904,282

LAND PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 04722544)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 3,038,384 2,348,523
Other loans (see note 9) 1,600,000 1,800,000
4,638,384 4,148,523

Amounts falling due in more than five years:

Repayable by instalments
Other Loans 960,000 1,160,000

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 yr 116,649 126,289
Other Loans 160,000 160,000
276,649 286,289

Amounts falling due between one and two years:
Bank loans - 1-2 years 81,067 81,067
Other Loans 160,000 160,000
241,067 241,067

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,957,317 2,267,456
Other Loans 480,000 480,000
3,437,317 2,747,456

Amounts falling due in more than five years:

Repayable by instalments
Other Loans 960,000 1,160,000

LAND PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 04722544)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 3,155,033 2,474,812

The bank loans are secured by way of legal charges over the properties at 23 The Spires Dartford Kent, 82 High Street Ramsgate Kent, 485a Upper Brentwood Road Gidea Park Romford Essex, 15 The Paragon Ramsgate Kent, 2A The Walk Beccles Suffolk, Unit A5 Ransomes Europark Ipswich, 4 and 4A The Thoroughfare Woodbridge Suffolk, 4 St Martins Close Canterbury Kent, 33 and 34 The Broadway Woodford, and 15 Albion Place Ramsgate Kent and a debenture over all the assets and undertakings of the company.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred taxation - 16,250

Deferred
tax
£   
Balance at 1 April 2022 16,250
Provided during year (16,250 )
Balance at 31 March 2023 -

12. RESERVES

Revaluation
Reserve
£

At 1 April 2022685,246
Property revaluations(66,321)
Deferred Tax movement16,250
As at 31 March 2023635,175

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Ricky Hutson BSc FCCA ACA (Senior Statutory Auditor)
for and on behalf of Berringers LLP