Registered number
03940915
Trademark Land And Property Limited
Unaudited Filleted Accounts
31 March 2023
Smithfield Accountants LLP
Suite 1, Unit 2,
Stansted Courtyard
Takeley
Essex CM22 6PU
_________________________
Trademark Land And Property Limited
Registered number: 03940915
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 662,500 662,500
Investments 4 5 6
662,505 662,506
Current assets
Stocks 842 842
Debtors 5 5,903,930 6,009,181
Cash at bank and in hand 5,000 63,259
5,909,772 6,073,282
Creditors: amounts falling due within one year 6 (4,828,997) (5,299,564)
#NAME? 1,080,775 773,718
Total assets less current liabilities 1,743,280 1,436,224
Creditors: amounts falling due after more than one year 7 (7,260) (15,060)
Provisions for liabilities (33,813) (33,813)
Net Assets £ 1,702,207 £ 1,387,351
Capital and reserves
Called up share capital 1 1
Revaluation reserve 8 300,185 300,185
Profit and loss account 1,402,021 1,087,165
Shareholder's funds £ 1,702,207 £ 1,387,351
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T G McMillan
Director
Approved by the board on 31.10.2023
Trademark Land And Property Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is initially recognised at cost and then subsequently measured at fair value. Changes in value are recognised in other comprehensive income.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Valuation
At 1 April 2022 662,500
At 31 March 2023 £ 662,500
Net book value
At 31 March 2023 £ 662,500
At 31 March 2022 £ 662,500
Freehold land and buildings: 2023 2022
£ £
Historical cost £ 328,502 £ 328,502
Investment properties were valued at Open Market Value by Knight Frank LLP on 14th October 2021. The valuer is a qualified MRICS.
Compliance with the FRS102 is a departure from the Companies Act 2006 necessary to give a true and fair view.
4 Investments
Other
investments
£
Cost
At 1 April 2022 6
Disposals (1)
At 31 March 2023 5
The company is a limited partner in the following Limited Partnerships:-

3-7 The Avenue Brondesbury Park LP, Kinsman Gordon Road LP, Kinsman New Cross Road LP, Kinsman Wallis Road LP, and Au Residential No 4 LP. The registered offices of the LP's are all at 2nd Floor Rankin Building, 139-143 Bermondsey Street, London SE1 3UW, except for Au Residentia No 4 LP whose registered office is at Suite 1, The Old Farmhouse, Stansted Courtyard, Parsonage Road, Takeley, Essex CM22 6PU.

The company has contributed capital of £1 to each LP, and at the balance sheet date each LP had net assets equal to its capital attributable to the company. As an intermediate holding company the company has not prepared group accounts. The company's share of profits and losses for the year are taken to profit and loss.
5 Debtors 2023 2022
£ £
Trade debtors - 7,260
Amounts owed by group undertakings and undertakings in which the company has a participating interest 5,903,645 6,001,652
Other debtors 285 269
£ 5,903,930 £ 6,009,181
Amounts due after more than one year included above £ 5,573,000 £ 5,673,000
The £5,573,000 owed by group undertakings and due outside 1 year, carries the right to a facility fee capped at 10% per annum, calculated by reference to the profits on the property. No facility fees are due until there is surplus rental income, a sale or a refinance. The final dates for repayment are 9th May 2036 - £2,300,000, 23rd September 2036 - £468,000, 31st March 2036 - £165,000, 8th October 2038 - £2,250,000, and 15th July 2041 - £390,000.

All these loans are secured by a charge over the property concerned, except for the loan for £390,000 due for repayment on 15th July 2041, which is currently unsecured.
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 18,577 10,777
Amounts owed to group undertakings and undertakings in which the company has a participating interest 4,736,897 5,270,829
Taxation and social security costs 72,023 16,458
Other creditors 1,500 1,500
£ 4,828,997 £ 5,299,564
7 Creditors: amounts falling due after one year 2023 2022
£ £
Trade creditors £ 7,260 £ 15,060
8 Revaluation reserve 2023 2022
£ £
At 1 April 2022 300,185 308,300
Deferred taxation arising on the revaluation of land and buildings - (8,115)
At 31 March 2023 £ 300,185 £ 300,185
9 Contingent liabilities
The company has entered into a group banking arrangement with its fellow group companies and has given an unlimited cross guarantee and debenture to secure group borrowings. The borrowings secured under this arrangement at the Balance Sheet date were £7,415,000 (2022 - £7,146,000). The director does not anticipate that these arrangements will result in any loss to the company.
10 Related party transactions
The company is exempt from disclosing transactions with fellow group companies under Section 33-1A of FRS102 as it is a wholly owned group.
11 Controlling party
The company's ultimate holding company is The Trademark Group Ltd, a company incorporated in England & Wales, whose principal place of business is Studio One, 197 Long Lane, London SE1 4PD. The Trademark Group Ltd is controlled by Mr T G McMillan. Accounts for The Trademark Group Ltd can be obtained from Companies House, Crown Way, Cardiff CF14 3UZ.
12 Other information
Trademark Land And Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
Studio One
197 Long Lane
London
SE1 4PD
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