IRIS Accounts Production v23.3.0.418 03884827 Board of Directors 1.2.22 31.1.23 31.1.23 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038848272022-01-31038848272023-01-31038848272022-02-012023-01-31038848272021-01-31038848272021-02-012022-01-31038848272022-01-3103884827ns10:Originalns15:EnglandWales2022-02-012023-01-3103884827ns14:PoundSterlingns10:Original2022-02-012023-01-3103884827ns10:Originalns10:Director12022-02-012023-01-3103884827ns10:Original2022-02-012023-01-3103884827ns10:Original2023-01-3103884827ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3103884827ns10:Originalns10:SmallEntities2022-02-012023-01-3103884827ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-3103884827ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3103884827ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3103884827ns10:Originalns10:FullAccounts2022-02-012023-01-3103884827ns10:Originalns10:OrdinaryShareClass12022-02-012023-01-3103884827ns10:Originalns10:Director22022-02-012023-01-3103884827ns10:Originalns10:RegisteredOffice2022-02-012023-01-3103884827ns10:Original2022-01-3103884827ns10:Originalns5:CurrentFinancialInstruments2023-01-3103884827ns10:Originalns5:CurrentFinancialInstruments2022-01-3103884827ns10:Originalns5:Non-currentFinancialInstruments2023-01-3103884827ns10:Originalns5:Non-currentFinancialInstruments2022-01-3103884827ns5:ShareCapitalns10:Original2023-01-3103884827ns5:ShareCapitalns10:Original2022-01-3103884827ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2023-01-3103884827ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2022-01-3103884827ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3103884827ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3103884827ns10:Original2021-02-012022-01-3103884827ns10:Originalns5:FurnitureFittings2022-01-3103884827ns10:Originalns5:FurnitureFittings2023-01-3103884827ns10:Originalns5:FurnitureFittings2022-01-3103884827ns10:Original2022-01-3103884827ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3103884827ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-3103884827ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-01-3103884827ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-01-3103884827ns5:Securedns10:Original2023-01-3103884827ns5:Securedns10:Original2022-01-3103884827ns10:Originalns10:OrdinaryShareClass12023-01-31
REGISTERED NUMBER: 03884827 (England and Wales)











Financial Statements

for the Year Ended 31 January 2023

for

INVESTLAND (KINGSLAND) LIMITED

INVESTLAND (KINGSLAND) LIMITED (REGISTERED NUMBER: 03884827)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INVESTLAND (KINGSLAND) LIMITED

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mr J P Gerrard
Mr M Gerrard





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 03884827 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

INVESTLAND (KINGSLAND) LIMITED (REGISTERED NUMBER: 03884827)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 3,200,000 3,200,000
3,200,000 3,200,000

CURRENT ASSETS
Debtors 6 638,844 664,713
Cash at bank 47,357 21,112
686,201 685,825
CREDITORS
Amounts falling due within one year 7 539,204 463,828
NET CURRENT ASSETS 146,997 221,997
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,346,997

3,421,997

CREDITORS
Amounts falling due after more than one year 8 (1,162,500 ) (1,237,500 )

PROVISIONS FOR LIABILITIES 11 (3,360,030 ) (970,030 )
NET (LIABILITIES)/ASSETS (1,175,533 ) 1,214,467

CAPITAL AND RESERVES
Called up share capital 12 400 400
Other reserves 1,714,067 1,714,067
Retained earnings (2,890,000 ) (500,000 )
SHAREHOLDERS' FUNDS (1,175,533 ) 1,214,467

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

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

INVESTLAND (KINGSLAND) LIMITED (REGISTERED NUMBER: 03884827)

Balance Sheet - continued
31 January 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 by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:





Mr J P Gerrard - Director


INVESTLAND (KINGSLAND) LIMITED (REGISTERED NUMBER: 03884827)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Investland (Kingsland) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

These accounts have been prepared on a going concern basis, on the understanding that the directors and shareholders will continue to financially support the company as there are sufficient external funds available.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents rental income recognised evenly over the life of the rental agreement or the period to which the ground rent relates. Property sales are recognised when the sale is legally completed and the proportion of costs associated with the site sold are released to cost of sales.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful economic life.

Fixtures and fittings - 20% 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.

No depreciation is provided for in respect of investment properties. Such properties are held for their investment potential and not for consumption within the business. This is a departure from the Companies Act 2006 which requires all properties to be depreciated and the directors consider that to depreciate them would not enable the financial statements to give true and fair view.

Investment property sales are recognised when the sale is legally completed and the proportion of costs associated with the site sold are released to cost of sales.

3. EMPLOYEES AND DIRECTORS

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

INVESTLAND (KINGSLAND) LIMITED (REGISTERED NUMBER: 03884827)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2022
and 31 January 2023 1,050
DEPRECIATION
At 1 February 2022
and 31 January 2023 1,050
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 3,200,000
NET BOOK VALUE
At 31 January 2023 3,200,000
At 31 January 2022 3,200,000

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2007 1,020,120
Valuation in 2016 381,698
Valuation in 2017 672,278
Valuation in 2018 1,125,904
3,200,000

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

31.1.23 31.1.22
£    £   
Cost 1,082,183 1,082,183

Investment property was valued on an open market basis on 31 January 2018 by Savills Surveyors .

INVESTLAND (KINGSLAND) LIMITED (REGISTERED NUMBER: 03884827)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 25,095 35,529
Amounts owed by group undertakings 625,523 628,515
Other debtors (11,774 ) 669
638,844 664,713

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts (see note 9) 75,000 75,000
Trade creditors - 747
Amounts owed to participating interests 354,586 281,236
VAT 13,206 11,634
Other creditors 42,909 53,900
Accruals and deferred income 53,503 41,311
539,204 463,828

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans (see note 9) 1,162,500 1,237,500

9. LOANS

An analysis of the maturity of loans is given below:

31.1.23 31.1.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 75,000 75,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 1,162,500 1,237,500

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank loans 1,237,500 1,312,500

The bank loan of £1,237,500 (2022: £1,312,500) is secured by a first legal charge over 282 - 288 Kingsland Road.

11. PROVISIONS FOR LIABILITIES

Included in the current year provisions are necessary remedial cladding works required for the properties concerned.

INVESTLAND (KINGSLAND) LIMITED (REGISTERED NUMBER: 03884827)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

12. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
400 Ordinary £1 400 400

13. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed an amount of £625,523 (2022:£628,515) by
Investland Ltd, £354,586.02 (2022: £281,236) to Urban Edge Group Ltd.

14. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party as no one individual hold controlling interest in the issued share capital of the parent company.

The parent company is Investland Limited, which is incorporated and registered in England.