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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
Page
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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
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Concept Land & Assets Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
36,445 
36,445 
Current assets
Debtors
188 
53 
Cash at bank and in hand
82 
133 
270 
186 
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)
Net assets
1,694 
2,713 
Capital and reserves
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
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Concept Land & Assets Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Financial instruments
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.
4
Investment property
2023 
£ 
Fair value at 1 August 2022
36,445 
At 31 July 2023
36,445 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
52 
53 
Other debtors
136 
- 
188 
53 
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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 
Accruals
360 
360 
17,846 
21,742 
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).
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