Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312022-11-01falsethe sale of land options11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06410015 2022-11-01 2023-10-31 06410015 2021-11-01 2022-10-31 06410015 2023-10-31 06410015 2022-10-31 06410015 c:Director1 2022-11-01 2023-10-31 06410015 d:PlantMachinery 2022-11-01 2023-10-31 06410015 d:PlantMachinery 2023-10-31 06410015 d:PlantMachinery 2022-10-31 06410015 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 06410015 d:FurnitureFittings 2022-11-01 2023-10-31 06410015 d:FurnitureFittings 2023-10-31 06410015 d:FurnitureFittings 2022-10-31 06410015 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 06410015 d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 06410015 d:CurrentFinancialInstruments 2023-10-31 06410015 d:CurrentFinancialInstruments 2022-10-31 06410015 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 06410015 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 06410015 d:ShareCapital 2023-10-31 06410015 d:ShareCapital 2022-10-31 06410015 d:RetainedEarningsAccumulatedLosses 2023-10-31 06410015 d:RetainedEarningsAccumulatedLosses 2022-10-31 06410015 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-10-31 06410015 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-10-31 06410015 c:FRS102 2022-11-01 2023-10-31 06410015 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 06410015 c:FullAccounts 2022-11-01 2023-10-31 06410015 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 06410015 2 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 06410015









LAND OPTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
LAND OPTIONS LIMITED
REGISTERED NUMBER: 06410015

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,137
2,672

  
2,137
2,672

Current assets
  

Debtors: amounts falling due within one year
 5 
4,330
147,004

Cash at bank and in hand
 6 
167,924
242,301

  
172,254
389,305

Creditors: amounts falling due within one year
 7 
(14,626)
(3,825)

Net current assets
  
 
 
157,628
 
 
385,480

Total assets less current liabilities
  
159,765
388,152

  

Net assets
  
159,765
388,152


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
159,665
388,052

  
159,765
388,152


Page 1

 
LAND OPTIONS LIMITED
REGISTERED NUMBER: 06410015
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 July 2024.






................................................
Jamie Pickerill
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
LAND OPTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Land Options Limited was incorporated in England and Wales and is a private company limited by share capital. The principal activity of the Company throughout the year was that of the sale of land options.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
reducing balance
Fixtures and fittings
-
20%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
LAND OPTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
LAND OPTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 November 2022
3,369
3,860
7,229



At 31 October 2023

3,369
3,860
7,229



Depreciation


At 1 November 2022
2,941
1,616
4,557


Charge for the year on owned assets
86
449
535



At 31 October 2023

3,027
2,065
5,092



Net book value



At 31 October 2023
342
1,795
2,137



At 31 October 2022
428
2,244
2,672

Page 5

 
LAND OPTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Debtors

2023
2022
£
£

Amounts owed by related party
180
180

Other debtors
1,750
144,624

Prepayments and accrued income
2,400
2,200

4,330
147,004



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
167,924
242,301

167,924
242,301



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
213
849

Corporation tax
3,141
-

Other creditors
9,269
1,159

Accruals and deferred income
2,003
1,817

14,626
3,825



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
167,924
242,301




Financial assets measured at fair value through profit or loss comprise cash at bank.

Page 6

 
LAND OPTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

9.


Controlling party

The Company is controlled by the director, Jamie Pickerill, by virtue of his shareholding as described in the director's report. 

 
Page 7