Registered number
00951723
Landmere Limited
Filleted Accounts
23 January 2024
Landmere Limited
Registered number: 00951723
Balance Sheet
as at 23 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 334,887 334,887
Current assets
Debtors 4 12,844 12,844
Investments held as current assets 5 1,389,620 1,389,620
Cash at bank and in hand 390,088 391,266
1,792,552 1,793,730
Creditors: amounts falling due within one year 6 (1,314,794) (1,354,219)
Net current assets 477,758 439,511
Net assets 812,645 774,398
Capital and reserves
Called up share capital 2 2
Profit and loss account 812,643 774,396
Shareholders' funds 812,645 774,398
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N tree
Director
Approved by the board on 1 March 2024
Landmere Limited
Notes to the Accounts
for the year ended 23 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Long Leasehold land and buildings nil
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment nil
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 24 January 2023 328,621 6,266 334,887
At 23 January 2024 328,621 6,266 334,887
Depreciation
At 23 January 2024 - - -
Net book value
At 23 January 2024 328,621 6,266 334,887
At 23 January 2023 328,621 6,266 334,887
4 Debtors 2024 2023
£ £
Trade debtors 12,844 12,844
5 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 1,384,790 1,384,790
Unlisted investments 4,830 4,830
1,389,620 1,389,620
6 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 377,752 377,752
Taxation and social security costs 8,971 1,230
Other creditors 928,071 975,237
1,314,794 1,354,219
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
N Tree
Loan from director 994,551 - (19,314) 975,237
994,551 - (19,314) 975,237
8 Controlling party
There is no controlling party
9 Other information
Landmere Limited is a private company limited by shares and incorporated in England. Its registered office is:
55 Woodberry Crescent
London
N10 1PJ
The functional currency is £ sterling and accounts are prepared in £ sterling
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