REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 January 2023 |
for |
INVESTLAND LIMITED |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 January 2023 |
for |
INVESTLAND LIMITED |
INVESTLAND LIMITED (REGISTERED NUMBER: 06632712) |
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 LIMITED |
Company Information |
for the Year Ended 31 January 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
42 Lytton Road |
Barnet |
Hertfordshire |
EN5 5BY |
INVESTLAND LIMITED (REGISTERED NUMBER: 06632712) |
Balance Sheet |
31 January 2023 |
31.1.23 | 31.1.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 LIMITED (REGISTERED NUMBER: 06632712) |
Balance Sheet - continued |
31 January 2023 |
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 |
INVESTLAND LIMITED (REGISTERED NUMBER: 06632712) |
Notes to the Financial Statements |
for the Year Ended 31 January 2023 |
1. | STATUTORY INFORMATION |
Investland Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Investland Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Tangible fixed assets |
Plant and machinery etc | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machiner |
etc |
£ |
COST |
At 1 February 2022 |
and 31 January 2023 |
DEPRECIATION |
At 1 February 2022 |
Charge for year |
At 31 January 2023 |
NET BOOK VALUE |
At 31 January 2023 |
At 31 January 2022 |
INVESTLAND LIMITED (REGISTERED NUMBER: 06632712) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2023 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group | Other |
undertakings | investments | Totals |
£ | £ | £ |
COST |
At 1 February 2022 |
and 31 January 2023 | 102,374 |
NET BOOK VALUE |
At 31 January 2023 | 102,374 |
At 31 January 2022 | 102,374 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.23 | 31.1.22 |
£ | £ |
Amounts owed by group undertakings |
Amounts owed by participating interests | 2,823,510 | 3,098,433 |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.23 | 31.1.22 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Amounts owed to participating interests | 2,395,085 | 2,650,270 |
Tax |
Social security and other taxes |
Pension payable | 203 | - |
Other creditors |
Directors' current accounts | 340,627 | 232,627 |
Accruals and deferred income |
8. | CONTINGENT LIABILITIES |
There is a contingent liability within the group in respect of remedial work with regards to cladding in some of the properties owned by the group. The total cost of this work is estimated to be £18m. |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
Also at the balance sheet date, the directors were owed from the company £340,627 (2022: £232,627) These are included in creditors due within one year. |
INVESTLAND LIMITED (REGISTERED NUMBER: 06632712) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2023 |
10. | RELATED PARTY DISCLOSURES |
At the year end the company was owed £607,713 (2022: £649,213) by Investland OCC LLP and 1,015,622 (2022: £1,065,307) to Orsman Properties LLP. These are LLPs in which the company is a corporate member. |
11. | ULTIMATE CONTROLLING PARTY |
There is no ultimate controlling party as no one individual hold controlling interest in the issued share capital of the company. |