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REGISTERED NUMBER: 01446352 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

LANDAU PROPERTIES (REIGATE) LIMITED

LANDAU PROPERTIES (REIGATE) LIMITED (REGISTERED NUMBER: 01446352)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LANDAU PROPERTIES (REIGATE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: C S Landau
J E Landau
M P A Landau





SECRETARY: C S Landau





REGISTERED OFFICE: 12 Ranelagh Close
Edgware
Middlesex
HA8 8HL





REGISTERED NUMBER: 01446352 (England and Wales)





ACCOUNTANTS: Sterlings Ltd
Chartered Accountants
Lawford House
Albert Place
London
N3 1QA

LANDAU PROPERTIES (REIGATE) LIMITED (REGISTERED NUMBER: 01446352)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 250,000 250,000

CURRENT ASSETS
Debtors 5 10,468 10,628
Cash at bank 38,794 61,836
49,262 72,464
CREDITORS
Amounts falling due within one year 6 (16,051 ) (15,391 )
NET CURRENT ASSETS 33,211 57,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

283,211

307,073

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 126,050 126,050
Retained earnings 157,061 180,923
SHAREHOLDERS' FUNDS 283,211 307,073

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

LANDAU PROPERTIES (REIGATE) LIMITED (REGISTERED NUMBER: 01446352)

BALANCE SHEET - continued
30 JUNE 2023


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 11 October 2023 and were signed on its behalf by:





C S Landau - Director


LANDAU PROPERTIES (REIGATE) LIMITED (REGISTERED NUMBER: 01446352)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Landau Properties (Reigate) 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.

Turnover
Turnover represents rents receivable.

Investment property
Investment properties are initially measured at acquisition cost. Subsequently investment properties whose fair values can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value. Gains or losses arising from the changes in fair value are included in the profit and loss account in the period in which they arise.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets or liabilities like trade debtors, other debtors, trade creditors and other creditors, loans from banks or other third parties and loans to/from related parties.

Debt instruments like bank loans are initially measured at present value of future payments and subsequently at amortised cost using the effective interest method. Debt instruments which are payable or receivable within one year such as trade debtors or trade creditors are measured, initially and subsequently at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit & loss account.

Taxation
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.

LANDAU PROPERTIES (REIGATE) LIMITED (REGISTERED NUMBER: 01446352)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 250,000
NET BOOK VALUE
At 30 June 2023 250,000
At 30 June 2022 250,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2014 (68,352 )
Valuation in 2016 (50,000 )
Valuation in 2020 (80,000 )
Valuation in 2021 (70,000 )
Cost 518,352
250,000

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

2023 2022
£    £   
Cost 518,352 518,352

The investment property was valued on an open market basis on 30 June 2023 by the directors of the company .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,484 9,346
Other debtors 984 1,282
10,468 10,628

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 5,186 4,605
Other creditors 10,865 10,786
16,051 15,391

LANDAU PROPERTIES (REIGATE) LIMITED (REGISTERED NUMBER: 01446352)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. RELATED PARTY DISCLOSURES

During the year, Landau Properties (Reigate) Limited advanced a loan of £45,500 to Landau Investments (1978) Limited, a company under common control, and this loan was repaid in full before the balance sheet date. Interest of £116 was paid to Landau Properties (Reigate) Limited in respect of this loan.