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REGISTERED NUMBER: 08026026 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

LANDMARK PROPERTY SOLUTIONS LIMITED

LANDMARK PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 08026026)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LANDMARK PROPERTY SOLUTIONS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: P S Rahal
R K Rahal
K K Rahal





REGISTERED OFFICE: Suite 1 14 Challenge House
Sherwood Drive
Milton Keynes
Buckinghamshire
MK3 6DP





REGISTERED NUMBER: 08026026 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2
Charnwood Edge Business Park
Syston Road
Leicester
LE7 4UZ

LANDMARK PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 08026026)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 308,529 317,365

CURRENT ASSETS
Debtors 5 2,354,141 2,297,214
Cash at bank and in hand 200,616 161,531
2,554,757 2,458,745
CREDITORS
Amounts falling due within one year 6 (671,818 ) (568,300 )
NET CURRENT ASSETS 1,882,939 1,890,445
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,191,468

2,207,810

CREDITORS
Amounts falling due after more than one
year

7

(498,028

)

(706,783

)

PROVISIONS FOR LIABILITIES (77,010 ) (41,824 )
NET ASSETS 1,616,430 1,459,203

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,616,428 1,459,201
1,616,430 1,459,203

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:





P S Rahal - Director


LANDMARK PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 08026026)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023


1. STATUTORY INFORMATION

Landmark Property Solutions Limited is a private limited company, limited by shares, registered in England and Wales. Its registered office address is Suite 114 Challenge House, Sherwood Drive, Milton Keynes, Buckinghamshire, MK3 6DP and the registered number is 08026026.

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Rental income
Rental income is recognised in the period to which it relates.

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 - 20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively is appropriate, or there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

LANDMARK PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 08026026)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


2. ACCOUNTING POLICIES - continued

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.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 470,871 4,400 35,224 510,495
Additions 108,743 - 1,892 110,635
At 31 March 2023 579,614 4,400 37,116 621,130
DEPRECIATION
At 1 April 2022 168,321 1,027 23,782 193,130
Charge for year 114,096 880 4,495 119,471
At 31 March 2023 282,417 1,907 28,277 312,601
NET BOOK VALUE
At 31 March 2023 297,197 2,493 8,839 308,529
At 31 March 2022 302,550 3,373 11,442 317,365

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 124,788 66,384
Amounts owed by group undertakings 2,137,170 2,138,420
Other debtors 20,003 50,498
Prepayments 72,180 41,912
2,354,141 2,297,214

LANDMARK PROPERTY SOLUTIONS LIMITED (REGISTERED NUMBER: 08026026)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 32,807 102,200
Trade creditors 131,007 85,931
Corporation tax 49,364 -
Social security and other taxes 33,550 25,688
Other creditors 229,305 195,019
Directors' current accounts - 2,514
Accruals and deferred income 195,785 156,948
671,818 568,300

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 498,028 706,783

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loan 530,834 580,800