Registered number
09443923
LANO LANDI LIMITED
Filleted Accounts
28 February 2023
LANO LANDI LIMITED
Registered number: 09443923
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 201,741 201,741
Current assets
Debtors 4 - 40,000
Creditors: amounts falling due within one year 5 (1,584) (1,609)
Net current (liabilities)/assets (1,584) 38,391
Total assets less current liabilities 200,157 240,132
Creditors: amounts falling due after more than one year 6 (201,741) (242,341)
Net liabilities (1,584) (2,209)
Capital and reserves
Called up share capital 100 100
Profit and loss account (1,684) (2,309)
Shareholder's funds (1,584) (2,209)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Diekan Ibrahim Hussein
Director
Approved by the board on 20 September 2023
LANO LANDI LIMITED
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value measured through profit and loss.
The methods and significant assumptions used to ascertain the fair value at the balance sheet date and fair vale movement in the profit for the year are as follow:
Properties are valued by the directors using a yield calculation to ascertain a fair value.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Investment property
Other
investments
£
Cost
At 1 March 2022 201,741
At 28 February 2023 201,741
Properties are held for investment purposes and as such they are not depreciated. Such properties are not held for consumption but for investment and the directors consider that to depreciate them would not give a true and fair view.
The value of the properties, which have been included at a fair value valuation and have been considered by the directors.
4 Debtors 2023 2022
£ £
Other debtors - 40,000
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 300 250
Other creditors 1,284 1,359
1,584 1,609
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 201,741 242,341
7 Other information
LANO LANDI LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
12 Price Close
Newport
Wales
NP20 2NJ
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