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Company Registration No. 09936373 (England and Wales)
Landa Corporation Limited Unaudited accounts for the year ended 31 December 2022
Landa Corporation Limited Unaudited accounts Contents
Page
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Landa Corporation Limited Company Information for the year ended 31 December 2022
Director
Mr K K S Landa
Company Number
09936373 (England and Wales)
Registered Office
423 HOLCOMBE ROAD BURY BL8 4HB ENGLAND
Accountants
SK Accountants 86 Bury Old Road Manchester Manchester M8 5BW
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Landa Corporation Limited Accountants' report
Accountants' report to the director of Landa Corporation Limited on the preparation of the unaudited statutory accounts for the year ended 31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Landa Corporation Limited for the year ended 31 December 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Landa Corporation Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Landa Corporation Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Landa Corporation Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Landa Corporation Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Landa Corporation Limited. You consider that Landa Corporation Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Landa Corporation Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
SK Accountants 86 Bury Old Road Manchester Manchester M8 5BW 26 October 2023
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Landa Corporation Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
34,544,440 
30,892,384 
Current assets
Debtors
3,163,720 
3,905,890 
Cash at bank and in hand
177,977 
290,328 
3,341,697 
4,196,218 
Creditors: amounts falling due within one year
(26,954)
- 
Net current assets
3,314,743 
4,196,218 
Total assets less current liabilities
37,859,183 
35,088,602 
Creditors: amounts falling due after more than one year
(20,880,368)
(17,997,425)
Net assets
16,978,815 
17,091,177 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
16,978,814 
17,091,176 
Shareholders' funds
16,978,815 
17,091,177 
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 October 2023 and were signed on its behalf by
Mr K K S Landa Director Company Registration No. 09936373
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Landa Corporation Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Landa Corporation Limited is a private company, limited by shares, registered in England and Wales, registration number 09936373. The registered office is 423 HOLCOMBE ROAD, BURY, BL8 4HB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Interest
The interest payable has been projected at a rate of 4% from October 22 this is in line with current market rates.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2022
30,892,384 
Additions
4,002,056 
Disposals
(350,000)
At 31 December 2022
34,544,440 
Depreciation
At 31 December 2022
- 
Net book value
At 31 December 2022
34,544,440 
At 31 December 2021
30,892,384 
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Landa Corporation Limited Notes to the Accounts for the year ended 31 December 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
3,163,720 
3,254,552 
Amounts falling due after more than one year
Other debtors
- 
651,338 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
19,627 
- 
Taxes and social security
5,977 
- 
Other creditors
1,350 
- 
26,954 
- 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
17,240,789 
14,414,301 
Other creditors
475,859 
322,435 
Taxes and social security
3,163,720 
3,260,689 
20,880,368 
17,997,425 
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).
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