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REGISTERED NUMBER: 09165965 (England and Wales)








REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2022 TO 27 FEBRUARY 2023

FOR

LAND & PROPERTY INVESTMENT SERVICE LTD

LAND & PROPERTY INVESTMENT SERVICE LTD (REGISTERED NUMBER: 09165965)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 March 2022 to 27 February 2023




Page

Company Information 1

Report of the Director 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 8


LAND & PROPERTY INVESTMENT SERVICE LTD

COMPANY INFORMATION
for the Period 1 March 2022 to 27 February 2023







DIRECTOR: Mr M Harding



REGISTERED OFFICE: Britannic House
657 Liverpool Road
Irlam
Manchester
Greater Manchester
M44 5XD



REGISTERED NUMBER: 09165965 (England and Wales)



ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD



BANKERS: Lloyds TSB
45 Hustlergate
West Yorkshire
BD1 1NT

LAND & PROPERTY INVESTMENT SERVICE LTD (REGISTERED NUMBER: 09165965)

REPORT OF THE DIRECTOR
for the Period 1 March 2022 to 27 February 2023

The director presents his report with the financial statements of the company for the period 1 March 2022 to 27 February 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the period under review was that of property development.

DIRECTOR
Mr M Harding held office during the whole of the period from 1 March 2022 to the date of this report.

His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows:

27.2.23 1.3.22
Ordinary shares of £1 each 1 1

He did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr M Harding - Director


21 February 2024

LAND & PROPERTY INVESTMENT SERVICE LTD (REGISTERED NUMBER: 09165965)

BALANCE SHEET
27 February 2023

27.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 169,928 88,288
Investment property 5 1,670,000 1,670,000
1,839,928 1,758,288

CURRENT ASSETS
Stocks 264,143 125,886
Debtors 6 302,005 262,765
Cash at bank 5,420 24,870
571,568 413,521
CREDITORS
Amounts falling due within one year 7 (462,073 ) (328,777 )
NET CURRENT ASSETS 109,495 84,744
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,949,423

1,843,032

CREDITORS
Amounts falling due after more than one
year

8

(770,631

)

(706,106

)

PROVISIONS FOR LIABILITIES (213,398 ) (174,440 )
NET ASSETS 965,394 962,486

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 10 651,407 672,152
Retained earnings 313,986 290,333
SHAREHOLDERS' FUNDS 965,394 962,486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LAND & PROPERTY INVESTMENT SERVICE LTD (REGISTERED NUMBER: 09165965)

BALANCE SHEET - continued
27 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 February 2024 and were signed by:





Mr M Harding - Director


LAND & PROPERTY INVESTMENT SERVICE LTD (REGISTERED NUMBER: 09165965)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 March 2022 to 27 February 2023

1. STATUTORY INFORMATION

Land & Property Investment Service 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 as modified by the revaluation of certain assets.

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 reducing balance
Motor vehicles - 25% on reducing balance

Investment property
The investment property has been revalued to reflect current fair value at year end.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

LAND & PROPERTY INVESTMENT SERVICE LTD (REGISTERED NUMBER: 09165965)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 March 2022 to 27 February 2023

2. ACCOUNTING POLICIES - continued

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2022 10,792 129,097 139,889
Additions 5,500 132,325 137,825
At 27 February 2023 16,292 261,422 277,714
DEPRECIATION
At 1 March 2022 8,134 43,467 51,601
Charge for period 1,696 54,489 56,185
At 27 February 2023 9,830 97,956 107,786
NET BOOK VALUE
At 27 February 2023 6,462 163,466 169,928
At 28 February 2022 2,658 85,630 88,288

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 27 February 2023 1,670,000
NET BOOK VALUE
At 27 February 2023 1,670,000
At 28 February 2022 1,670,000

Fair value at 27 February 2023 is represented by:
£   
Valuation in 2022 209,990
Valuation in 2020 195,419
Valuation in 2019 80,254
Valuation in 2018 160,000
Valuation in 2017 184,154
Cost 840,183
1,670,000

LAND & PROPERTY INVESTMENT SERVICE LTD (REGISTERED NUMBER: 09165965)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 March 2022 to 27 February 2023

5. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

27.2.23 28.2.22
£    £   
Cost 840,183 840,183

Investment property was valued on open market basis on 27 February 2023 by the Director. .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.23 28.2.22
£    £   
Amounts owed by participating interests 270,998 228,278
Other debtors 31,007 34,487
302,005 262,765

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.23 28.2.22
£    £   
Bank loans and overdrafts 12,405 9,310
Hire purchase contracts 34,071 10,983
Trade creditors 55,620 10,265
Amounts owed to participating interests 3,000 -
Taxation and social security 53,172 24,721
Other creditors 303,805 273,498
462,073 328,777

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
27.2.23 28.2.22
£    £   
Bank loans 618,126 625,227
Hire purchase contracts 152,505 80,879
770,631 706,106

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 568,506 575,230

LAND & PROPERTY INVESTMENT SERVICE LTD (REGISTERED NUMBER: 09165965)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 March 2022 to 27 February 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

27.2.23 28.2.22
£    £   
Bank loans 630,531 634,537
Hire purchase contracts 186,576 91,862
817,107 726,399

The bank loans are secured on the assets to which they relate.
The hire purchase contracts are secured on the assets to which they relate.

10. RESERVES
Fair
value
reserve
£   
At 1 March 2022 672,152
Property revaluation reserve (20,745 )

At 27 February 2023 651,407

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Harding.