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REGISTERED NUMBER: 04824679 (England and Wales)















LAND MATTERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023






LAND MATTERS LIMITED (REGISTERED NUMBER: 04824679)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAND MATTERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: Mr V Zarifian
Mrs A Zarifian





REGISTERED OFFICE: Allt Laes
Peterston Super Ely
Dinas Powys
Vale of Glamorgan
CF5 6NE





REGISTERED NUMBER: 04824679 (England and Wales)





ACCOUNTANTS: Davies Williams Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

LAND MATTERS LIMITED (REGISTERED NUMBER: 04824679)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25 33
Investments 5 1,791,965 1,791,965
1,791,990 1,791,998

CURRENT ASSETS
Stocks 50,000 50,000
Debtors 6 3,490,238 3,400,595
Cash at bank 4,817,754 4,700,775
8,357,992 8,151,370
CREDITORS
Amounts falling due within one year 7 215,067 81,020
NET CURRENT ASSETS 8,142,925 8,070,350
TOTAL ASSETS LESS CURRENT LIABILITIES 9,934,915 9,862,348

CAPITAL AND RESERVES
Called up share capital 120 120
Share premium 1,783,025 1,783,025
Retained earnings 8,151,770 8,079,203
9,934,915 9,862,348

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 MATTERS LIMITED (REGISTERED NUMBER: 04824679)

BALANCE SHEET - continued
31ST JULY 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 18th April 2024 and were signed on its behalf by:




Mrs A Zarifian - Director



Mr V Zarifian - Director


LAND MATTERS LIMITED (REGISTERED NUMBER: 04824679)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023


1. STATUTORY INFORMATION

Land Matters 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.

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.
Fixtures and fittings - 20% straight line on cost
Motor vehicles - 25% straight line on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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 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.

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 MATTERS LIMITED (REGISTERED NUMBER: 04824679)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st August 2022
and 31st July 2023 4,335 2,500 6,835
DEPRECIATION
At 1st August 2022 4,335 2,467 6,802
Charge for year - 8 8
At 31st July 2023 4,335 2,475 6,810
NET BOOK VALUE
At 31st July 2023 - 25 25
At 31st July 2022 - 33 33

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st August 2022
and 31st July 2023 1,791,965
NET BOOK VALUE
At 31st July 2023 1,791,965
At 31st July 2022 1,791,965

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 684,000 -
Other debtors 2,806,238 3,400,595
3,490,238 3,400,595

LAND MATTERS LIMITED (REGISTERED NUMBER: 04824679)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 211,043 77,077
Other creditors 4,024 3,943
215,067 81,020

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2023 and 31st July 2022:

2023 2022
£    £   
Mr V Zarifian
Balance outstanding at start of year 449,369 (631 )
Amounts advanced 268,550 450,000
Amounts repaid (718,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (81 ) 449,369

Dividends totalling £336,750 (2022 - £329,312) were paid in the year in respect of shares held by the company's directors.