Company No:
Contents
Note | 2023 | 2022 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
|
|
|
400,000 | 499,808 | |||
Current assets | ||||
Debtors | 4 |
|
|
|
Investments | 5 |
|
|
|
Cash at bank and in hand |
|
|
||
1,204,718 | 1,076,498 | |||
Creditors: amounts falling due within one year | 6 | (
|
(
|
|
Net current assets | 1,136,375 | 924,475 | ||
Total assets less current liabilities | 1,536,375 | 1,424,283 | ||
Provision for liabilities | 7 |
|
(
|
|
Net assets |
|
|
||
Capital and reserves | ||||
Called-up share capital |
|
|
||
Revaluation reserve |
|
|
||
Profit and loss account |
|
|
||
Total shareholder's funds |
|
|
Director's responsibilities:
The financial statements of David Landau Limited (registered number:
L A Brook
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
David Landau Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's Registered Office is 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in Pounds Sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover represents the Company's share of profit of Berg Kaprow Lewis LLP and BKL Audit LLP, limited liability partnerships of which it is a member.
Revenue is recognised when profits are irrevocably allocated in accordance with the underlying methodology of the LLP deeds.
Defined contribution schemes
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income except that a charge 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.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
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 financial statements. 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.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Investments held as fixed assets are shown at cost less provision for impairment.
Investments in listed company shares are remeasured to market value at each Statement of Financial Position date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the year.
Investments in cash held in fixed-term deposits are initially recognised at transaction price, and subsequently carried at amortised cost using the effective interest method.
The Company only enters into basic financial instruments and 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 and from related parties and investments in ordinary shares.
Provisions are charged as an expense to the Statement of Comprehensive Income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
2023 | 2022 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
|
|
Listed investments | Loans | Total | |||
£ | £ | £ | |||
Carrying value before impairment | |||||
At 01 April 2022 |
|
|
|
||
Additions |
|
|
|
||
Disposals | (
|
|
(
|
||
At 31 March 2023 |
|
|
|
||
Provisions for impairment | |||||
At 01 April 2022 |
|
|
|
||
At 31 March 2023 |
|
|
|
||
Carrying value at 31 March 2023 |
|
|
|
||
Carrying value at 31 March 2022 |
|
|
|
The company is a member of Berg Kaprow Lewis LLP and BK Audit LLP.
The amounts shown above as loans represent the company's loans and capital contributions to the limited liability partnerships.
2023 | 2022 | ||
£ | £ | ||
Amounts owed by connected companies |
|
|
|
Prepayments |
|
|
|
Other debtors |
|
|
|
|
|
2023 | 2022 | ||
£ | £ | ||
Cash held in fixed-term deposits |
|
|
2023 | 2022 | ||
£ | £ | ||
Corporation tax |
|
|
|
Other taxation and social security |
|
|
|
Other creditors |
|
|
|
|
|
2023 | 2022 | ||
£ | £ | ||
At the beginning of financial year | (
|
(
|
|
Credited/(charged) to the Statement of Comprehensive Income |
|
(
|
|
At the end of financial year |
|
(
|
Pensions
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. No contributions were payable to the fund at the reporting date.
Transactions with the entity's director
Included within other debtors is an amount of £60,441 (2022: £Nil) owed by the director and a connected party. The maximum balance outstanding during the year was £60,441 (2022: £Nil). Interest was charged on the overdrawn loan accounts and the amount included in interest receivable is £441 (2022: £Nil).
On the same date, the company resigned as a member from both Berg Kaprow Lewis LLP and BKL Audit LLP.