Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28true22022-03-01falseNo description of principal activity2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10025608 2022-03-01 2023-02-28 10025608 2021-03-01 2022-02-28 10025608 2023-02-28 10025608 2022-02-28 10025608 c:Director1 2022-03-01 2023-02-28 10025608 c:Director2 2022-03-01 2023-02-28 10025608 d:FreeholdInvestmentProperty 2023-02-28 10025608 d:FreeholdInvestmentProperty 2022-02-28 10025608 d:CurrentFinancialInstruments 2023-02-28 10025608 d:CurrentFinancialInstruments 2022-02-28 10025608 d:Non-currentFinancialInstruments 2023-02-28 10025608 d:Non-currentFinancialInstruments 2022-02-28 10025608 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10025608 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 10025608 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 10025608 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 10025608 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 10025608 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-02-28 10025608 d:ShareCapital 2023-02-28 10025608 d:ShareCapital 2022-02-28 10025608 d:RevaluationReserve 2022-03-01 2023-02-28 10025608 d:RevaluationReserve 2023-02-28 10025608 d:RevaluationReserve 2022-02-28 10025608 d:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 10025608 d:RetainedEarningsAccumulatedLosses 2023-02-28 10025608 d:RetainedEarningsAccumulatedLosses 2022-02-28 10025608 c:OrdinaryShareClass1 2022-03-01 2023-02-28 10025608 c:OrdinaryShareClass1 2023-02-28 10025608 c:OrdinaryShareClass1 2022-02-28 10025608 c:OrdinaryShareClass2 2022-03-01 2023-02-28 10025608 c:OrdinaryShareClass2 2023-02-28 10025608 c:OrdinaryShareClass2 2022-02-28 10025608 c:FRS102 2022-03-01 2023-02-28 10025608 c:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 10025608 c:FullAccounts 2022-03-01 2023-02-28 10025608 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 10025608 2 2022-03-01 2023-02-28 10025608 5 2022-03-01 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 10025608










LANDMOORE PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
LANDMOORE PROPERTIES LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LANDMOORE PROPERTIES LIMITED
FOR THE YEAR ENDED 28 FEBRUARY 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Landmoore Properties Limited for the year ended 28 February 2023 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Landmoore Properties Limited, as a body, in accordance with the terms of our engagement letter dated 5 February 2020Our work has been undertaken solely to prepare for your approval the financial statements of Landmoore Properties Limited  and state those matters that we have agreed to state to the Board of directors of Landmoore Properties Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Landmoore Properties Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Landmoore Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Landmoore Properties Limited. You consider that Landmoore Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Landmoore Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  

BAGINSKY COHEN
CHARTERED ACCOUNTANTS
930 HIGH ROAD
LONDON
N12 9RT
14 November 2023
Page 1

 
LANDMOORE PROPERTIES LIMITED
REGISTERED NUMBER: 10025608

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2023
2022
2022
Note
£
£
£
£

FIXED ASSETS
  

Investment property
 3 
4,750,000
4,750,000

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 4 
-
2,317

Cash at bank and in hand
 5 
42,044
32,143

  
42,044
34,460

Creditors: amounts falling due within one year
 6 
(75,600)
(68,015)

NET CURRENT LIABILITIES
  
 
 
(33,556)
 
 
(33,555)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
4,716,444
4,716,445

Creditors: amounts falling due after more than one year
 7 
(2,499,964)
(2,499,965)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(393,492)
(393,492)

NET ASSETS
  
 
 
1,822,988
 
 
1,822,988


CAPITAL AND RESERVES
  

Called up share capital 
 9 
10
10

Revaluation reserve
 10 
1,758,598
1,758,598

Profit and loss account
 10 
64,380
64,380

  
1,822,988
1,822,988


Page 2

 
LANDMOORE PROPERTIES LIMITED
REGISTERED NUMBER: 10025608

BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 November 2023.




MR S BRADDOCK
MR R G MAXWELL-BROWN
Director
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
LANDMOORE PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
LANDMOORE PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.Accounting policies (continued)

 
1.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

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.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
1.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
1.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
1.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
LANDMOORE PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.Accounting policies (continued)

 
1.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

 
1.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.11

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.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Investments in non-convertible preference shares and in non-puttable ordinary and preference shares are measured:
at fair value with changes recognised in the Statement of comprehensive income if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

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 the Statement of comprehensive income.

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.

 
1.12

Dividends

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.

Page 6

 
LANDMOORE PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


3.


Investment property


Freehold investment property

£



VALUATION


At 1 March 2022
4,750,000



AT 28 FEBRUARY 2023
4,750,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.






4.


Debtors

2023
2022
£
£


Other debtors
-
2,317



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
42,044
32,143



6.


Creditors: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Accruals and deferred income
2,100
2,100

Amounts owed to group undertakings
2,300
2,300

Corporation tax
26,333
26,725

Other creditors
44,867
36,890

75,600
68,015


Page 7

 
LANDMOORE PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

7.


Creditors: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Other loans
2,499,964
2,499,965



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£



AMOUNTS FALLING DUE 2-5 YEARS

Other loans
2,499,964
2,499,964



Page 8

 
LANDMOORE PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

9.


Share capital

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



6 (2022 - 6) Ordinary share capital -  Class A shares of £1.00 each
6
6
4 (2022 - 4) Ordinary share capital -  Class B shares of £1.00 each
4
4

10

10



10.


Reserves

Revaluation reserve

This includes all current and prior period revaluations.

Profit and loss account

This includes all current and prior period retained profits and losses.


Page 9