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REGISTERED NUMBER: 03881963 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

LANDSDOWN PROPERTY PORTFOLIO LIMITED

LANDSDOWN PROPERTY PORTFOLIO LIMITED (REGISTERED NUMBER: 03881963)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LANDSDOWN PROPERTY PORTFOLIO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: E C Hanratty
G W Early
K R Early
P Hanratty





SECRETARY: G W Early





REGISTERED OFFICE: Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS





REGISTERED NUMBER: 03881963 (England and Wales)





ACCOUNTANTS: Landers Accountants Ltd
Church View Chambers
38 Market Square
Toddington
Bedfordshire
LU5 6BS

LANDSDOWN PROPERTY PORTFOLIO LIMITED (REGISTERED NUMBER: 03881963)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 9,227 9,468
Investment property 5 2,229,725 2,229,725
2,238,952 2,239,193

CURRENT ASSETS
Debtors 6 21,866 47,297
Cash at bank 110,565 210,552
132,431 257,849
CREDITORS
Amounts falling due within one year 7 119,814 138,495
NET CURRENT ASSETS 12,617 119,354
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,251,569

2,358,547

PROVISIONS FOR LIABILITIES 269,754 269,754
NET ASSETS 1,981,815 2,088,793

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,981,715 2,088,693
SHAREHOLDERS' FUNDS 1,981,815 2,088,793

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

LANDSDOWN PROPERTY PORTFOLIO LIMITED (REGISTERED NUMBER: 03881963)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 10 July 2023 and were signed on its behalf by:




P Hanratty - Director G W Early - Director




K R Early - Director E C Hanratty - Director


LANDSDOWN PROPERTY PORTFOLIO LIMITED (REGISTERED NUMBER: 03881963)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Landsdown Property Portfolio Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03881963 and the registered office address is Church View Chambers, 38 Market Square, Toddington, Bedfordshire, LU5 6BS.

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 and on a going concern basis).

Revenue
Revenue represents invoiced services, rent and sales of developed property.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Deferred tax on revalued investment properties is measured using the rates and allowances that apply to the sale of the asset.

LANDSDOWN PROPERTY PORTFOLIO LIMITED (REGISTERED NUMBER: 03881963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
to Computer
property equipment Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 9,425 3,204 12,629
Additions - 1,374 1,374
At 31 March 2023 9,425 4,578 14,003
DEPRECIATION
At 1 April 2022 1,367 1,794 3,161
Charge for year 805 810 1,615
At 31 March 2023 2,172 2,604 4,776
NET BOOK VALUE
At 31 March 2023 7,253 1,974 9,227
At 31 March 2022 8,058 1,410 9,468


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 2,229,725
NET BOOK VALUE
At 31 March 2023 2,229,725
At 31 March 2022 2,229,725

The initial cost of the investment property was £463,823.

Investment property has been valued on an open market basis during the year to 31 March 2023 by Mrs P. Hanratty, a director of the company.

LANDSDOWN PROPERTY PORTFOLIO LIMITED (REGISTERED NUMBER: 03881963)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2018 2,612,050
Valuation in 2019 (34,250 )
Valuation in 2020 (550,000 )
Valuation in 2021 201,925
2,229,725

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Rent receivable - 10,602
Other debtors 21,866 36,695
21,866 47,297

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 206 1,487
Other creditors 119,608 137,008
119,814 138,495