Company Registration No. 12722045 (England and Wales)
Concept Land & Assets Limited
Unaudited accounts
for the year ended 31 July 2023
Concept Land & Assets Limited
Unaudited accounts
Contents
Concept Land & Assets Limited
Company Information
for the year ended 31 July 2023
Directors
Lynn Marie Toynton
Gregory Grant Urch
Company Number
12722045 (England and Wales)
Registered Office
27 Sunbury Close
Bordon
GU35 0BW
England
Accountants
M A Accountancy Group
Wolfe Mead
Farnham Road
Bordon
Hampshire
GU35 0NH
Concept Land & Assets Limited
Statement of financial position
as at 31 July 2023
Investment property
36,445
36,445
Cash at bank and in hand
82
133
Creditors: amounts falling due within one year
(17,846)
(21,742)
Net current liabilities
(17,576)
(21,556)
Total assets less current liabilities
18,869
14,889
Creditors: amounts falling due after more than one year
(17,175)
(12,176)
Called up share capital
2
2
Profit and loss account
1,692
2,711
Shareholders' funds
1,694
2,713
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 April 2024 and were signed on its behalf by
Lynn Marie Toynton
Director
Company Registration No. 12722045
Concept Land & Assets Limited
Notes to the Accounts
for the year ended 31 July 2023
Concept Land & Assets Limited is a private company, limited by shares, registered in England and Wales, registration number 12722045. The registered office is 27 Sunbury Close, Bordon, GU35 0BW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of rents received or receivable, excluding rental management fees, discount and rebates, on provision to property let to tenants.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost, except for investment in properties which is measured at fair value. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.
Fair value at 1 August 2022
36,445
Amounts falling due within one year
Accrued income and prepayments
52
53
Concept Land & Assets Limited
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
136
Loans from directors
17,486
21,246
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
17,175
12,176
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).