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REGISTERED NUMBER: 04287250 (England and Wales)



















Financial Statements

for the Year Ended 31 January 2023

for

Langland Care Limited

Langland Care Limited (Registered number: 04287250)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Langland Care Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: M T Banfield
J C Banfield
Mrs C M Banfield





SECRETARY: Mrs C M Banfield





REGISTERED OFFICE: 44 The Pantiles
Tunbridge Wells
Kent
TN2 5TN





REGISTERED NUMBER: 04287250 (England and Wales)





AUDITORS: Alwyns LLP, Statutory Auditor
Crown House
151 High Road
Loughton
IG10 4LG

Langland Care Limited (Registered number: 04287250)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 217,063 216,399
Investments 6 565,848 644,250
782,911 860,649

CURRENT ASSETS
Debtors 7 135,943 131,778
Cash at bank 382,098 272,384
518,041 404,162
CREDITORS
Amounts falling due within one year 8 485,768 383,627
NET CURRENT ASSETS 32,273 20,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

815,184

881,184

PROVISIONS FOR LIABILITIES 27,034 19,702
NET ASSETS 788,150 861,482

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 788,148 861,480
SHAREHOLDERS' FUNDS 788,150 861,482

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 17 January 2024 and were signed on its behalf by:




Mrs C M Banfield - Director



M T Banfield - Director


Langland Care Limited (Registered number: 04287250)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Langland Care 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 functional and presentational currency of the company is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest £1, except where otherwise indicated.

The financial statements of the company are consolidated in the financial statements of Langland Holdings Limited which has the same registered office as the company and are available from Companies House.

Going concern
Based on a review of the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore has adopted the going concern basis in preparing its financial statements.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Other income
Interest income, including income arising from finance leases and other financial instruments, is recognised using the effective interest method. Dividend income is recognised when the right to receive payment is established.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been amortised in full.

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.
Plant and machinery etc - 25% on reducing balance, 25% on cost, 2% on cost and at varying rates on cost

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Langland Care Limited (Registered number: 04287250)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Investments
Investments are shown at fair value or where fair value cannot be readily ascertained at cost less impairment. Any aggregate or surplus arising from changes in fair value is recognised through profit and loss.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account.

Debtors and creditors receivable/payable in one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Cash and cash equivalents
Cash and cash equivalents comprise bank balances and cash on hand. These are carried in the balance sheet at face 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

Langland Care Limited (Registered number: 04287250)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Provisions for liabilities
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in the profit and loss account in the period it arises.

Dividends
Dividends are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 84 (2022 - 80 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 300,000
AMORTISATION
At 1 February 2022
and 31 January 2023 300,000
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

Langland Care Limited (Registered number: 04287250)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 398,353
Additions 36,580
Disposals (12,136 )
At 31 January 2023 422,797
DEPRECIATION
At 1 February 2022 181,954
Charge for year 33,269
Eliminated on disposal (9,489 )
At 31 January 2023 205,734
NET BOOK VALUE
At 31 January 2023 217,063
At 31 January 2022 216,399

6. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST
At 1 February 2022 644,250
Additions 240,544
Disposals (278,357 )
Impairments (40,589 )
At 31 January 2023 565,848
NET BOOK VALUE
At 31 January 2023 565,848
At 31 January 2022 644,250

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 103,599 125,219
Other debtors 32,344 6,559
135,943 131,778

Langland Care Limited (Registered number: 04287250)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 47,256 53,689
Taxation and social security 202,362 121,899
Other creditors 236,150 208,039
485,768 383,627

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Stanley (Senior Statutory Auditor)
for and on behalf of Alwyns LLP, Statutory Auditor

10. RELATED PARTY DISCLOSURES

During the period the company was charged a management fee of £20,000 (2022: £20,000) by a entity connected to key management personnel.

As at the balance sheet date £31,836 (2022: £6,170) was due from an entity connected with key management personnel, and included in other debtors falling due within one year. The loan is interest free and repayable on demand.

11. CONTROLLING PARTY

Langland Holdings Limited is the parent of the smallest and largest group of which the company is a member for which consolidated accounts are prepared.

There is no ultimate controlling party.