Silverfin false 31/03/2023 01/04/2022 31/03/2023 J I Appel 17/05/2023 L A Brook 17/05/2023 M B Durst 31/12/2022 31/01/2003 D N Lew 31/12/2022 31/01/2003 J S Lew 17/05/2023 01/01/2019 M M Neville 17/05/2023 C G Pinkus 17/05/2023 01/01/2019 M J Wedge 17/05/2023 09 February 2024 no description of principal activity 04630139 2023-03-31 04630139 bus:Director1 2023-03-31 04630139 bus:Director2 2023-03-31 04630139 bus:Director3 2023-03-31 04630139 bus:Director4 2023-03-31 04630139 bus:Director5 2023-03-31 04630139 bus:Director6 2023-03-31 04630139 bus:Director7 2023-03-31 04630139 bus:Director8 2023-03-31 04630139 2022-03-31 04630139 core:CurrentFinancialInstruments 2023-03-31 04630139 core:CurrentFinancialInstruments 2022-03-31 04630139 core:ShareCapital 2023-03-31 04630139 core:ShareCapital 2022-03-31 04630139 core:RetainedEarningsAccumulatedLosses 2023-03-31 04630139 core:RetainedEarningsAccumulatedLosses 2022-03-31 04630139 core:LandBuildings 2022-03-31 04630139 core:OtherPropertyPlantEquipment 2022-03-31 04630139 core:LandBuildings 2023-03-31 04630139 core:OtherPropertyPlantEquipment 2023-03-31 04630139 2022-04-01 2023-03-31 04630139 bus:FullAccounts 2022-04-01 2023-03-31 04630139 bus:SmallEntities 2022-04-01 2023-03-31 04630139 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04630139 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04630139 bus:Director1 2022-04-01 2023-03-31 04630139 bus:Director2 2022-04-01 2023-03-31 04630139 bus:Director3 2022-04-01 2023-03-31 04630139 bus:Director4 2022-04-01 2023-03-31 04630139 bus:Director5 2022-04-01 2023-03-31 04630139 bus:Director6 2022-04-01 2023-03-31 04630139 bus:Director7 2022-04-01 2023-03-31 04630139 bus:Director8 2022-04-01 2023-03-31 04630139 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-04-01 2023-03-31 04630139 2021-04-01 2022-03-31 04630139 core:LandBuildings 2022-04-01 2023-03-31 04630139 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 04630139 (England and Wales)

LANDAU BAKER LTD

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

LANDAU BAKER LTD

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

LANDAU BAKER LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
LANDAU BAKER LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 9,112 12,067
9,112 12,067
Current assets
Debtors 4 1,471,553 1,134,237
Cash at bank and in hand 5 1,007,952 1,128,198
2,479,505 2,262,435
Creditors: amounts falling due within one year 6 ( 557,835) ( 714,627)
Net current assets 1,921,670 1,547,808
Total assets less current liabilities 1,930,782 1,559,875
Net assets 1,930,782 1,559,875
Capital and reserves
Called-up share capital 500 500
Profit and loss account 1,930,282 1,559,375
Total shareholder's funds 1,930,782 1,559,875

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Landau Baker Ltd (registered number: 04630139) were approved and authorised for issue by the Director. They were signed on its behalf by:

L A Brook
Director

09 February 2024

LANDAU BAKER LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
LANDAU BAKER LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

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.

General information and basis of accounting

Landau Baker Ltd (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, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings depreciated over the life of the lease
Plant and machinery etc. 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

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 non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally 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.

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.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 18 18

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 April 2022 14,033 69,453 83,486
Additions 0 2,850 2,850
At 31 March 2023 14,033 72,303 86,336
Accumulated depreciation
At 01 April 2022 14,033 57,386 71,419
Charge for the financial year 0 5,805 5,805
At 31 March 2023 14,033 63,191 77,224
Net book value
At 31 March 2023 0 9,112 9,112
At 31 March 2022 0 12,067 12,067

4. Debtors

2023 2022
£ £
Trade debtors 1,155,622 680,906
Other debtors 315,931 453,331
1,471,553 1,134,237

5. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 1,007,952 1,128,198

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 254,631 251,816
Taxation and social security 262,342 247,143
Other creditors 40,862 215,668
557,835 714,627

7. Financial commitments

Commitments

2023 2022
£ £
Total future minimum lease payments under non-cancellable operating lease 0 37,909

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2023 2022
£ £
Unpaid contributions due to the fund (inc. in other creditors) 3,108 3,600