IRIS Accounts Production v23.3.1.45 05246864 director 29.3.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh052468642022-03-28052468642023-03-31052468642022-03-292023-03-31052468642021-03-28052468642021-03-292022-03-28052468642022-03-2805246864ns10:Originalns15:EnglandWales2022-03-292023-03-3105246864ns14:PoundSterlingns10:Original2022-03-292023-03-3105246864ns10:Originalns10:Director12022-03-292023-03-3105246864ns10:Original2022-03-292023-03-3105246864ns10:Original2023-03-3105246864ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-292023-03-3105246864ns10:Originalns10:SmallEntities2022-03-292023-03-3105246864ns10:Originalns10:AuditExemptWithAccountantsReport2022-03-292023-03-3105246864ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-292023-03-3105246864ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-292023-03-3105246864ns10:Originalns10:FullAccounts2022-03-292023-03-3105246864ns10:Originalns10:OrdinaryShareClass12022-03-292023-03-3105246864ns10:Originalns10:RegisteredOffice2022-03-292023-03-3105246864ns10:Original2022-03-2805246864ns10:Originalns5:CurrentFinancialInstruments2023-03-3105246864ns10:Originalns5:CurrentFinancialInstruments2022-03-2805246864ns5:ShareCapitalns10:Original2023-03-3105246864ns5:ShareCapitalns10:Original2022-03-2805246864ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3105246864ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-2805246864ns10:Originalns5:PlantMachinery2022-03-292023-03-3105246864ns10:Originalns5:FurnitureFittings2022-03-292023-03-3105246864ns10:Original2021-03-292022-03-2805246864ns10:Originalns5:PlantMachinery2022-03-2805246864ns10:Originalns5:FurnitureFittings2022-03-2805246864ns10:Original2022-03-2805246864ns10:Originalns5:PlantMachinery2023-03-3105246864ns10:Originalns5:FurnitureFittings2023-03-3105246864ns10:Originalns5:PlantMachinery2022-03-2805246864ns10:Originalns5:FurnitureFittings2022-03-2805246864ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3105246864ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-2805246864ns10:Originalns5:DeferredTaxation2022-03-2805246864ns10:Originalns5:DeferredTaxation2023-03-3105246864ns10:Originalns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 05246864 (England and Wales)















Unaudited Financial Statements

for the Period 29 March 2022 to 31 March 2023

for

LANDMARK DEVELOPMENTS (OAKFORD HOUSE)
LIMITED

LANDMARK DEVELOPMENTS (OAKFORD HOUSE)
LIMITED (REGISTERED NUMBER: 05246864)






Contents of the Financial Statements
for the period 29 March 2022 to 31 March 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


LANDMARK DEVELOPMENTS (OAKFORD HOUSE)
LIMITED

Company Information
for the period 29 March 2022 to 31 March 2023







DIRECTOR: M P Favager





REGISTERED OFFICE: Penthouse 1, Charters
43 Upper Oldfield Park
Bath
BA2 3LB





REGISTERED NUMBER: 05246864 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Landmark Developments (Oakford House)
Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Landmark Developments (Oakford House) Limited for the period ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Landmark Developments (Oakford House) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Landmark Developments (Oakford House) Limited and state those matters that we have agreed to state to the director of Landmark Developments (Oakford House) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Landmark Developments (Oakford House) Limited and its director for our work or for this report.

It is your duty to ensure that Landmark Developments (Oakford House) 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 Landmark Developments (Oakford House) Limited. You consider that Landmark Developments (Oakford House) Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Landmark Developments (Oakford House) 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.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


7 March 2024

LANDMARK DEVELOPMENTS (OAKFORD HOUSE)
LIMITED (REGISTERED NUMBER: 05246864)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,125 1,500

CURRENT ASSETS
Stocks 4,158,851 4,158,851
Debtors 5 2,209 2,946
Cash at bank 84,012 42,942
4,245,072 4,204,739
CREDITORS
Amounts falling due within one year 6 3,407,239 3,422,028
NET CURRENT ASSETS 837,833 782,711
TOTAL ASSETS LESS CURRENT
LIABILITIES

838,958

784,211

PROVISIONS FOR LIABILITIES 7 132 201
NET ASSETS 838,826 784,010

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 838,726 783,910
SHAREHOLDERS' FUNDS 838,826 784,010

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 director acknowledges her 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.

LANDMARK DEVELOPMENTS (OAKFORD HOUSE)
LIMITED (REGISTERED NUMBER: 05246864)

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 director and authorised for issue on 7 March 2024 and were signed by:





M P Favager - Director


LANDMARK DEVELOPMENTS (OAKFORD HOUSE)
LIMITED (REGISTERED NUMBER: 05246864)

Notes to the Financial Statements
for the period 29 March 2022 to 31 March 2023

1. STATUTORY INFORMATION

Landmark Developments (Oakford House) Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office Equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

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 profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

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.

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.


LANDMARK DEVELOPMENTS (OAKFORD HOUSE)
LIMITED (REGISTERED NUMBER: 05246864)

Notes to the Financial Statements - continued
for the period 29 March 2022 to 31 March 2023

2. ACCOUNTING POLICIES - continued
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 the profit and loss accounts on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Office and
Equipment fittings Totals
£    £    £   
COST
At 29 March 2022
and 31 March 2023 309 3,719 4,028
DEPRECIATION
At 29 March 2022 268 2,260 2,528
Charge for period 10 365 375
At 31 March 2023 278 2,625 2,903
NET BOOK VALUE
At 31 March 2023 31 1,094 1,125
At 28 March 2022 41 1,459 1,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,209 2,946

LANDMARK DEVELOPMENTS (OAKFORD HOUSE)
LIMITED (REGISTERED NUMBER: 05246864)

Notes to the Financial Statements - continued
for the period 29 March 2022 to 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 24,699 34,605
Taxation and social security 35,443 31,655
Other creditors 3,347,097 3,355,768
3,407,239 3,422,028

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 132 201

Deferred
tax
£   
Balance at 29 March 2022 201
Accelerated capital allowances (69 )
Balance at 31 March 2023 132

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

Each ordinary share carries the right to one vote to be exercised in accordance with the articles of association. Each ordinary share carries rights to participate in all approved dividend distributions and any capital distributions on winding up.

9. CONTINGENT LIABILITIES

The company is due to incur additional building works to restore the premises to a commercial standard that is required by new and existing occupants.To date the cost of the work remains uncertain, and therefore a provision has not been recorded in the accounts.

10. CRITICAL ACCOUNTING ESTIMATES AND UNCERTAINTY

The development costs included within stock have been allocated to each apartment plot based upon total square foot.

No other significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.