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REGISTERED NUMBER: 05803104 (England and Wales)












Landex Land Based Colleges Aspiring to
Excellence

Unaudited Financial Statements

for the Year Ended 31 July 2023






Landex Land Based Colleges Aspiring to
Excellence (Registered number: 05803104)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Landex Land Based Colleges Aspiring to
Excellence

Company Information
for the Year Ended 31 July 2023







DIRECTORS: M P Clinton
Ms S Duncan
J A Kerswell
M Mckendry
W S Meredith
Ms A L Robinson
L J Rake
Dr T Whitaker
Professor T Middleton
Mrs J E Milburn
Mrs C Harris
I J Hatt
A C Collop





SECRETARY:





REGISTERED OFFICE: University Of Northampton Innovation
Centre
Green Street
Northampton
Northamptonshire
NN1 1SY





REGISTERED NUMBER: 05803104 (England and Wales)





ACCOUNTANTS: Kilby Fox
Chartered Accountants
4 Pavilion Court
600 Pavilion Drive
Northampton Business Park
Northampton
Northamptonshire
NN4 7SL

Landex Land Based Colleges Aspiring to
Excellence (Registered number: 05803104)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,399 3,367
Investments 5 100,000 100,000
104,399 103,367

CURRENT ASSETS
Debtors 6 45,291 55,217
Cash at bank 961,681 874,089
1,006,972 929,306
CREDITORS
Amounts falling due within one year 7 117,899 83,205
NET CURRENT ASSETS 889,073 846,101
TOTAL ASSETS LESS CURRENT
LIABILITIES

993,472

949,468

RESERVES
Income and expenditure account 993,472 949,468
993,472 949,468

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 surplus or deficit 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.

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 6 March 2024 and were signed on its behalf by:




M P Clinton - Director


Landex Land Based Colleges Aspiring to
Excellence (Registered number: 05803104)

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

1. STATUTORY INFORMATION

Landex Land Based Colleges Aspiring to Excellence is a private company, limited by guarantee , 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.
Plant & machinery etc - 33.3% on cost

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 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 surplus or deficit on a straight line basis over the period of the lease.

Pensions
Eligible staff are members of the Kent Local Government Pension Scheme (LGPS), Teachers' Pension Scheme (TPS) or Peoples Pensions Scheme. The LGPS is a funded scheme and the TPS is a non- funded scheme and assets are held separately from those of the Company and are in separate trustee administered funds. The LGPS and TPS are multi-employer schemes and the Company is unable to identify its share of underlying assets and liabilities of the scheme on a consistent and reasonable basis. The LGPS and TPS are therefore treated as defined contribution schemes and contributions recognised as they are paid each year.

Landex Land Based Colleges Aspiring to
Excellence (Registered number: 05803104)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant &
machinery
etc
£   
COST
At 1 August 2022 9,265
Additions 4,734
At 31 July 2023 13,999
DEPRECIATION
At 1 August 2022 5,898
Charge for year 3,702
At 31 July 2023 9,600
NET BOOK VALUE
At 31 July 2023 4,399
At 31 July 2022 3,367

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022
and 31 July 2023 100,000
NET BOOK VALUE
At 31 July 2023 100,000
At 31 July 2022 100,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 29,659 39,643
Other debtors 15,632 15,574
45,291 55,217

Landex Land Based Colleges Aspiring to
Excellence (Registered number: 05803104)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 106,133 28,127
Taxation and social security 10,099 3,411
Other creditors 1,667 51,667
117,899 83,205

8. LIMITED BY GUARANTEE

The Company is a private Company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the Company in the event of liquidation.

The Directors consider there to be no controlling party.