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REGISTERED NUMBER: 12488759 (England and Wales)







Unaudited Financial Statements

for the Period 1 March 2022 to 31 March 2023

for

Group Land Developments Ltd

Group Land Developments Ltd (Registered number: 12488759)






Contents of the Financial Statements
for the Period 1 March 2022 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Group Land Developments Ltd

Company Information
for the Period 1 March 2022 to 31 March 2023







DIRECTORS: Mr Geoffrey Jonathan Bracey
Mr Lee Nathan Moody
Mr David Robert Nunn





REGISTERED OFFICE: The Paddocks Grange Farm
Old Gloucester Road
Winterbourne
Bristol
BS36 1RR





REGISTERED NUMBER: 12488759 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Group Land Developments Ltd (Registered number: 12488759)

Balance Sheet
31 March 2023

31.3.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,420 557

CURRENT ASSETS
Stocks - 1,172,325
Debtors 5 594,050 62,518
Cash at bank 205,814 181,528
799,864 1,416,371
CREDITORS
Amounts falling due within one year 6 182,032 1,084,542
NET CURRENT ASSETS 617,832 331,829
TOTAL ASSETS LESS CURRENT LIABILITIES 628,252 332,386

CREDITORS
Amounts falling due after more than one year 7 (27,500 ) (454,416 )

PROVISIONS FOR LIABILITIES (1,980 ) (106 )
NET ASSETS/(LIABILITIES) 598,772 (122,136 )

CAPITAL AND RESERVES
Called up share capital 9 30 30
Retained earnings 10 598,742 (122,166 )
SHAREHOLDERS' FUNDS 598,772 (122,136 )

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

Group Land Developments Ltd (Registered number: 12488759)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:




Mr Geoffrey Jonathan Bracey - Director Mr Lee Nathan Moody - Director




Mr David Robert Nunn - Director


Group Land Developments Ltd (Registered number: 12488759)

Notes to the Financial Statements
for the Period 1 March 2022 to 31 March 2023

1. STATUTORY INFORMATION

Group Land Developments Ltd 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2022 - 5 ) .

Group Land Developments Ltd (Registered number: 12488759)

Notes to the Financial Statements - continued
for the Period 1 March 2022 to 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 March 2022 581
Additions 13,000
At 31 March 2023 13,581
DEPRECIATION
At 1 March 2022 24
Charge for period 3,137
At 31 March 2023 3,161
NET BOOK VALUE
At 31 March 2023 10,420
At 28 February 2022 557

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 28.2.22
£    £   
Trade debtors 480,000 -
Amounts owed by group undertakings 394 -
Other debtors 99,061 828
VAT 13,095 50,122
Prepayments 1,500 11,568
594,050 62,518

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 28.2.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 6,763 207,241
Amounts owed to group undertakings - 852,106
Tax 138,977 -
Social security and other taxes - 4,234
Other creditors 17,147 4,712
Directors' current accounts 7,770 4,989
Accruals and deferred income 1,375 1,260
182,032 1,084,542

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 28.2.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 17,500 23,333
Bank loans more 5 yr by instal - 421,083
27,500 454,416

Group Land Developments Ltd (Registered number: 12488759)

Notes to the Financial Statements - continued
for the Period 1 March 2022 to 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.23 28.2.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 421,083

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 28.2.22
£    £   
Bank loan - 421,083

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 28.2.22
value: £    £   
10 Ordinary A £1 10 10
10 Ordinary B £1 10 10
10 Ordinary C £1 10 10
30 30

10. RESERVES
Retained
earnings
£   

At 1 March 2022 (122,166 )
Profit for the period 720,908
At 31 March 2023 598,742

11. RELATED PARTY DISCLOSURES

At the year end, £394 (2022: £287,106) was owed from Roost Design & Build Ltd to Group Land Developments Ltd.

At the year end, NIL (2022: £140,000) was owed to Moodster Ltd from Group Land Developments Ltd.

At the year end, NIL (2022: £140,000) was owed to Kingsland House Property Management Ltd from Group Land Developments Ltd.

At the year end, NIL (2022: £285,000) was owed to IBuild Homes (Bristol) Ltd from Group Land Developments Ltd.

At the year end, NIL (2022: NIL) was owed to Brushwood Homes Ltd from Group Land Developments Ltd.