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REGISTERED NUMBER: 06477105 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

LANDLORDS RIGHTS LIMITED

LANDLORDS RIGHTS LIMITED (Registered number: 06477105)






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


LANDLORDS RIGHTS LIMITED

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mr B Rudzinski
Mr N Schlussel





REGISTERED OFFICE: 50 Wellington Avenue
London
N15 6BA





REGISTERED NUMBER: 06477105 (England and Wales)






LANDLORDS RIGHTS LIMITED (Registered number: 06477105)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,244 9,572

CURRENT ASSETS
Debtors 5 625,978 431,844
Prepayments and accrued income - 7,947
Cash at bank and in hand 18,818 52,122
644,796 491,913
CREDITORS
Amounts falling due within one year 6 385,498 363,795
NET CURRENT ASSETS 259,298 128,118
TOTAL ASSETS LESS CURRENT
LIABILITIES

268,542

137,690

CREDITORS
Amounts falling due after more than one year 7 33,770 62,660
NET ASSETS 234,772 75,030

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 234,770 75,028
SHAREHOLDERS' FUNDS 234,772 75,030

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.

LANDLORDS RIGHTS LIMITED (Registered number: 06477105)

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 23 October 2023 and were signed on its behalf by:





Mr N Schlussel - Director


LANDLORDS RIGHTS LIMITED (Registered number: 06477105)

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

1. STATUTORY INFORMATION

LANDLORDS RIGHTS 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

LANDLORDS RIGHTS LIMITED (Registered number: 06477105)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Initial recognition of financial assets and liabilities.

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Initial measurement
When a financial asset or liability is recognised initially, the company shall measure it at the transaction price including transaction costs except in the initial measurement of financial assets and liabilities that are measured at fair value through profit or loss unless the arrangement constitutes, in effect, a financial transaction. If the arrangement constitutes a financial transaction, the company shall measure the financial asset or financial liability at the present value of the future payments discounted at the market rate of interest for a similar debt instrument.

Subsequent measurement
At the end of each reporting period, the company shall measure financial instruments without any deduction for transaction costs the company may incur on sale or other disposal. Debt instruments shall be measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year shall be measured at the undiscounted amount of the cash or other consideration expected to be paid or received unless the arrangement constitutes, in effect, a financial transaction. If the arrangement constitutes a financing transaction, the company shall measure the debt instrument at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment of financial instruments

Impairment of financial instruments measured at cost or amortised cost. At the end of each reporting period, the company shall assess whether there is objective evidence of impairment of any financial assets that are measured at cost or amortised cost.If there is objective evidence of impairment, the company shall recognise an impairment loss in profit or loss immediately.

Derecognition of a financial asset

The company shall derecognise a financial asset only when the contractual rights to the cash flows from the financial asset expire or are settled, or the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the company, despite having retained some significant risks and rewards of ownership, has transferred control of the asset to another party and other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer. In this case, the company shall derecognise the asset and recognise separately any rights and obligations retained or created in the transfer

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.


LANDLORDS RIGHTS LIMITED (Registered number: 06477105)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2022 15,617 4,430 20,047
Additions - 2,064 2,064
At 31 January 2023 15,617 6,494 22,111
DEPRECIATION
At 1 February 2022 8,538 1,937 10,475
Charge for year 1,769 623 2,392
At 31 January 2023 10,307 2,560 12,867
NET BOOK VALUE
At 31 January 2023 5,310 3,934 9,244
At 31 January 2022 7,079 2,493 9,572

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 52,307 46,369
Amounts owed by participating interests 573,671 352,121
Other debtors - 33,354
625,978 431,844

LANDLORDS RIGHTS LIMITED (Registered number: 06477105)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 36,392 36,392
Trade creditors 2 125,114
Amounts owed to participating interests 222,334 132,105
Tax 37,547 606
Social security and other taxes 57,494 (833 )
VAT 23,610 18,750
Other creditors - 5,000
Directors' current accounts 34 1,394
Accrued expenses 8,085 45,267
385,498 363,795

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans - 2-5 years 33,770 62,660

8. RELATED PARTY DISCLOSURES

During the year the company provided services in the ordinary course of business to Surekey Ltd, an associate undertaking. Amounts owed by the associated undertaking amounted to £522,261 at 31 January 2023 ( 2022 - £300,711).

During the year the company provided services in the ordinary course of business to Surekey Development Ltd, an associated undertaking, at a cost of £0 at 31 January 2023 ( 2022 - £0).

Amounts owed by the associated undertaking amounted to £51,410 at 31 January 2023 (2022 - £51,410)

During the year the company provided services in the ordinary course of business to Landlords Way Ltd an associated undertaking. The amount owed to Landlords Way Ltd amounted to £222,334 at 31 January 2023 (2022 - £132,104).

The above companies are associate as having common directors.