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REGISTERED NUMBER: 01359826 (England and Wales)



















M. & C. LANDAU LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2022 TO 30 DECEMBER 2022






M. & C. LANDAU LIMITED (REGISTERED NUMBER: 01359826)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 30 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


M. & C. LANDAU LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2022 TO 30 DECEMBER 2022







DIRECTORS: Mr M Landau
Mrs C Landau





SECRETARIES: Mr J Landau
Mr B Landau





REGISTERED OFFICE: First Floor
94 Stamford Hill
London
N16 6XS





REGISTERED NUMBER: 01359826 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

M. & C. LANDAU LIMITED (REGISTERED NUMBER: 01359826)

BALANCE SHEET
30 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 1,838,128 1,820,751

CURRENT ASSETS
Debtors 6 23,734 7,522
Cash at bank 30,929 24,599
54,663 32,121
CREDITORS
Amounts falling due within one year 7 1,286,891 1,322,338
NET CURRENT LIABILITIES (1,232,228 ) (1,290,217 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

605,900

530,534

PROVISIONS FOR LIABILITIES 8 43,062 43,062
NET ASSETS 562,838 487,472

CAPITAL AND RESERVES
Called up share capital 2 2
Other reserves (19,644 ) (19,644 )
Fair value reserve 9 301,938 301,938
Retained earnings 280,542 205,176
SHAREHOLDERS' FUNDS 562,838 487,472

M. & C. LANDAU LIMITED (REGISTERED NUMBER: 01359826)

BALANCE SHEET - continued
30 DECEMBER 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 December 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 December 2022 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 23 October 2023 and were signed on its behalf by:





Mr M Landau - Director


M. & C. LANDAU LIMITED (REGISTERED NUMBER: 01359826)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 30 DECEMBER 2022

1. STATUTORY INFORMATION

M. & C. Landau 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified to include investment properties measured at fair value through profit or loss.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. The estimates and underlying assumptions are reviewed on an ongoing basis.

Turnover
Turnover is recognised at the fair value of the consideration receivable in respect of services provided in the normal course of business. The turnover of the company is represented by rents and charges receivable in respect of the company's investment portfolio. Rental income is accounted for on an accruals basis.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

M. & C. LANDAU LIMITED (REGISTERED NUMBER: 01359826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 30 DECEMBER 2022

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - NIL).

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022 1,820,751
Additions 17,377
At 30 December 2022 1,838,128
NET BOOK VALUE
At 30 December 2022 1,838,128
At 31 December 2021 1,820,751

The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the company's directors who are considered to have the experience and expertise required to undertake such an exercise. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties in the same location.

The historical cost of investment properties at 31 December 2022 is £1,493,128.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 20,416 6,474
Other debtors 3,318 1,048
23,734 7,522

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 32,474 14,795
Other creditors 1,254,417 1,307,543
1,286,891 1,322,338

8. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 43,062 43,062

Deferred
tax
£   
Balance at 1 January 2022 43,062
Balance at 30 December 2022 43,062

Deferred tax arises from the revaluation of investment properties.

M. & C. LANDAU LIMITED (REGISTERED NUMBER: 01359826)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 30 DECEMBER 2022

9. RESERVES
Fair
value
reserve
£   
At 1 January 2022
and 30 December 2022 301,938