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REGISTERED NUMBER: 09864891 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Land Charter (Harlow) Limited

Land Charter (Harlow) Limited (Registered number: 09864891)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Land Charter (Harlow) Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: E G Buttleman
SR Collins
H M Darlington
M J Burton
M J Lumanto





REGISTERED OFFICE: The Barn
Woods Farm
Grange Road
Pleshey
CM3 1HZ





REGISTERED NUMBER: 09864891 (England and Wales)





ACCOUNTANTS: Barnes Wedge Limited
Chartered Accountants
Handel House
Roselawn Fields
Chelmsford
Essex
CM1 7GB

Land Charter (Harlow) Limited (Registered number: 09864891)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £   
CURRENT ASSETS
Debtors 4 3,262,652 1,794,454
Cash at bank 573,043 3,232,982
3,835,695 5,027,436
CREDITORS
Amounts falling due within one year 5 4,171,804 5,419,354
NET CURRENT LIABILITIES (336,109 ) (391,918 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(336,109

)

(391,918

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (336,209 ) (392,018 )
SHAREHOLDERS' FUNDS (336,109 ) (391,918 )

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:




E G Buttleman - Director



H M Darlington - Director


Land Charter (Harlow) Limited (Registered number: 09864891)

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

1. STATUTORY INFORMATION

Land Charter (Harlow) 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
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Research and development
Expenditure on research and development is carried as part of work in progress and then written off in the year in which relevant properties are sold.

Significant judgements and estimates
The material judgements and estimations used in the preparation of the financial statements relate to the development costs released to the profit and loss account on the sale of each residential property, which are attributed equally to each unit when it is sold.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at transaction price.

3. EMPLOYEES AND DIRECTORS

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

Land Charter (Harlow) Limited (Registered number: 09864891)

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors - 10,662
Other debtors 3,262,652 1,783,792
3,262,652 1,794,454

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 4,154,185 5,401,004
Taxation and social security - 100
Other creditors 17,619 18,250
4,171,804 5,419,354

6. RELATED PARTY DISCLOSURES

Management fees were recoverable from businesses in which EG Buttleman had an interest of £220,491 (2022; £2,626,603 payable to), £1,596,734 (2022; £2,626,603) remained outstanding at the year end.
Management fees were recoverable from companies in which HM Darlington had an interest of £233,491 (2022; £2,670,580 payable to), £2,030,611 (2022; £2,388,853) remained outstanding at the year end.

Sales were made to a company controlled by the directors of £5,480, (2022; £5,091,104). At the year end £14,619 was payable to, (2022 £145,055 recoverable from) that company.
£2,996,000, (2022; £946,000) was recoverable from a company controlled by HM Darlington and EG Buttleman.

£Nil (2022; £150,000) was payable to a company controlled by the directors.

Dividends were paid in favour of directors, or companies in which they have interests of £Nil (2022; £738,404) £Nil (2022; £Nil) was outstanding at the year end.

7. ULTIMATE CONTROLLING PARTY

The directors do not consider there to be any single controlling party.