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REGISTERED NUMBER: 06632712 (England and Wales)











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: J P Gerrard
M Gerrard
T A Izzet





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 06632712 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
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 - 3,003
Investments 5 102,374 102,374
102,374 105,377

CURRENT ASSETS
Debtors 6 9,347,383 9,223,617
Cash at bank and in hand 5,091 3,224
9,352,474 9,226,841
CREDITORS
Amounts falling due within one year 7 6,227,167 5,978,190
NET CURRENT ASSETS 3,125,307 3,248,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,227,681

3,354,028

PROVISIONS FOR LIABILITIES 2,250,000 2,250,000
NET ASSETS 977,681 1,104,028

CAPITAL AND RESERVES
Called up share capital 100,263 100,260
Retained earnings 877,418 1,003,768
SHAREHOLDERS' FUNDS 977,681 1,104,028

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 LIMITED (REGISTERED NUMBER: 06632712)

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 27 October 2023 and were signed on its behalf by:





J P Gerrard - Director


INVESTLAND LIMITED (REGISTERED NUMBER: 06632712)

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

1. STATUTORY INFORMATION

Investland 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 13 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 February 2022
and 31 January 2023 17,347
DEPRECIATION
At 1 February 2022 14,344
Charge for year 3,003
At 31 January 2023 17,347
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 3,003

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 102,335 39 102,374
NET BOOK VALUE
At 31 January 2023 102,335 39 102,374
At 31 January 2022 102,335 39 102,374

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Amounts owed by group undertakings 6,086,677 5,693,088
Amounts owed by participating interests 2,823,510 3,098,433
Other debtors 437,196 432,096
9,347,383 9,223,617

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 15,340 14,621
Amounts owed to group undertakings 3,211,177 2,980,130
Amounts owed to participating interests 2,395,085 2,650,270
Tax 42,126 80,946
Social security and other taxes 3,857 7,617
Pension payable 203 -
Other creditors 210,751 3,878
Directors' current accounts 340,627 232,627
Accruals and deferred income 8,001 8,101
6,227,167 5,978,190

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.