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REGISTERED NUMBER: 13427240 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

LANDING PLACE ENTERPRISES LIMITED

LANDING PLACE ENTERPRISES LIMITED (REGISTERED NUMBER: 13427240)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LANDING PLACE ENTERPRISES LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2023







DIRECTORS: N A C Laurence
Mrs C Laurence





REGISTERED OFFICE: 10 London Mews
Paddington
London
W2 1HY





REGISTERED NUMBER: 13427240 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

LANDING PLACE ENTERPRISES LIMITED (REGISTERED NUMBER: 13427240)

BALANCE SHEET
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 361,572 57,090

CURRENT ASSETS
Debtors 5 34,920 5,158
Cash at bank 89,356 21,829
124,276 26,987
CREDITORS
Amounts falling due within one year 6 522,697 115,326
NET CURRENT LIABILITIES (398,421 ) (88,339 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(36,849

)

(31,249

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (36,949 ) (31,349 )
SHAREHOLDERS' FUNDS (36,849 ) (31,249 )

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

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

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 by the Board of Directors and authorised for issue on 18 October 2023 and were signed on its behalf by:





N A C Laurence - Director


LANDING PLACE ENTERPRISES LIMITED (REGISTERED NUMBER: 13427240)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Landing Place Enterprises 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.

The accounts are prepared on a going concern basis. The directors believe this to be appropriate on the basis that they have received assurances from the creditors that they will not require the repayment of advances made by them to the company until the company has adequate funds to remain solvent.

Tangible fixed assets
Tangible fixed assets are stated at historical cost or valuation less accumulated depreciation. Depreciation is provided at rates calculated to write the cost or valuation less residual value of each asset over its expected life as follows:-

- Improvements to Property - over the duration of the lease term
- Fixtures and fittings - 15% on Net book value
- Motor vehicles - 25% on Net book value

Depreciation is not provided in respect of improvements to property. This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the accounts may give a true and fair view as the cost in the accounts are only the planning costs at the year end.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

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.


LANDING PLACE ENTERPRISES LIMITED (REGISTERED NUMBER: 13427240)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2022 57,090 - - 57,090
Additions 233,127 37,647 35,458 306,232
At 31 May 2023 290,217 37,647 35,458 363,322
DEPRECIATION
Charge for year - 273 1,477 1,750
At 31 May 2023 - 273 1,477 1,750
NET BOOK VALUE
At 31 May 2023 290,217 37,374 33,981 361,572
At 31 May 2022 57,090 - - 57,090

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 34,920 5,158

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 85,683 2,601
Other creditors 437,014 112,725
522,697 115,326

LANDING PLACE ENTERPRISES LIMITED (REGISTERED NUMBER: 13427240)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary shares £1 100 100

8. RELATED PARTY DISCLOSURES

At the year end the company owes £91,439 (2022 - £1,440) to Metamorph Management Ltd. The director controls this company.