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REGISTERED NUMBER: 04751763 (England and Wales)














Financial Statements for the Year Ended 31 May 2023

for

Land Commercial Limited

Land Commercial Limited (Registered number: 04751763)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Land Commercial Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr L Diamant
Mr A Diamant





REGISTERED OFFICE: 1 Fullers Parade
Fullers Road
South Woodford
Essex
E18 2BF





REGISTERED NUMBER: 04751763 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Land Commercial Limited (Registered number: 04751763)

Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 6,000
Tangible assets 5 1,266 1,688
4,266 7,688

CURRENT ASSETS
Debtors 6 30,147 17,434
Cash at bank 6,994 5,841
37,141 23,275
CREDITORS
Amounts falling due within one year 7 19,774 12,466
NET CURRENT ASSETS 17,367 10,809
TOTAL ASSETS LESS CURRENT LIABILITIES 21,633 18,497

CREDITORS
Amounts falling due after more than one
year

8

21,263

21,705
NET ASSETS/(LIABILITIES) 370 (3,208 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 270 (3,308 )
370 (3,208 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Commercial Limited (Registered number: 04751763)

Statement of Financial Position - continued
31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:





Mr A Diamant - Director


Land Commercial Limited (Registered number: 04751763)

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

1. STATUTORY INFORMATION

Land Commercial Limited is a private company, limited by shares, registered in England and wales. The company's registered number and registered office 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.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

Land Commercial Limited (Registered number: 04751763)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 15,000
AMORTISATION
At 1 June 2022 9,000
Amortisation for year 3,000
At 31 May 2023 12,000
NET BOOK VALUE
At 31 May 2023 3,000
At 31 May 2022 6,000

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 2,320 1,680 4,000
DEPRECIATION
At 1 June 2022 1,341 971 2,312
Charge for year 245 177 422
At 31 May 2023 1,586 1,148 2,734
NET BOOK VALUE
At 31 May 2023 734 532 1,266
At 31 May 2022 979 709 1,688

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 18,165 422
Amounts owed by group undertakings 11,982 17,012
30,147 17,434

Land Commercial Limited (Registered number: 04751763)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 3,544 3,101
Trade creditors 4,970 2,831
Amounts owed to group undertakings 3,500 -
Taxation and social security 2,787 4,562
Other creditors 4,973 1,972
19,774 12,466

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 21,263 21,705

9. RELATED PARTY DISCLOSURES

Mr A Diamant and Mr L Diamant are considered to be key management personnel.