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REGISTERED NUMBER: 02384607 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Land and Display Limited

Land and Display Limited (Registered number: 02384607)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Land and Display Limited

Company Information
for the year ended 31 October 2023







DIRECTORS: P Milner
T Milner



REGISTERED OFFICE: 1 Warden Law Lane
Old Silksworth
Sunderland
Tyne & Wear
SR3 2PD



REGISTERED NUMBER: 02384607 (England and Wales)



ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG



BANKERS: Lloyds TSB Bank plc
PO Box 45
Fawcett Street
Sunderland
Tyne and Wear
SR1 1SF

Land and Display Limited (Registered number: 02384607)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 151,916 153,557
151,917 153,558

CURRENT ASSETS
Stocks 8,000 8,000
Debtors 6 191 31,269
Investments 7 1,770 2,762
Cash at bank 25,972 33,542
35,933 75,573
CREDITORS
Amounts falling due within one year 8 36,296 47,653
NET CURRENT (LIABILITIES)/ASSETS (363 ) 27,920
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,554

181,478

CREDITORS
Amounts falling due after more than one
year

9

-

(34,066

)

PROVISIONS FOR LIABILITIES (364 ) (676 )
NET ASSETS 151,190 146,736

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 92,320 92,320
Retained earnings 57,870 53,416
SHAREHOLDERS' FUNDS 151,190 146,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and Display Limited (Registered number: 02384607)

Statement of Financial Position - continued
31 October 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 Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by:





P Milner - Director


Land and Display Limited (Registered number: 02384607)

Notes to the Financial Statements
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Land and Display 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Turnover
Turnover represents the proceeds from the sale of land and the rental income from the letting of property, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business, is recognised at cost.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 20% Straight line
Computer equipment - 33% Straight line

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 has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year 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 statement of financial position date.


Land and Display Limited (Registered number: 02384607)

Notes to the Financial Statements - continued
for the year ended 31 October 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 statement of financial position 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 1
NET BOOK VALUE
At 31 October 2023 1
At 31 October 2022 1

5. TANGIBLE FIXED ASSETS
Land and Fixtures,fittings
buildings & equipment Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 150,000 12,903 162,903
DEPRECIATION
At 1 November 2022 - 9,346 9,346
Charge for year - 1,641 1,641
At 31 October 2023 - 10,987 10,987
NET BOOK VALUE
At 31 October 2023 150,000 1,916 151,916
At 31 October 2022 150,000 3,557 153,557

Freehold property was revalued by P Milner, a director on 26 February 2019.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 191 31,269

Land and Display Limited (Registered number: 02384607)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

7. CURRENT ASSET INVESTMENTS

The investments are included in the balance sheet at their market value.

The cost of the investments amounted to £9,675 (2022: £9,675).

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) - 2,117
Taxation and social security 2,529 2,454
Other creditors 33,767 43,082
36,296 47,653

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 10) - 6,139
Other creditors - 27,927
- 34,066

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans - 2,117

Amounts falling due between one and two years:
Bank loans - 1-2 years - 4,125

Amounts falling due between two and five years:
Bank loans - 2-5 years - 2,014

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 8,256