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REGISTERED NUMBER: 13226487 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Landrose Bristol 02 Ltd

Landrose Bristol 02 Ltd (Registered number: 13226487)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Landrose Bristol 02 Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: W J R Woodward





REGISTERED OFFICE: Deben House
1 - 5 Lawrence Hill
Bristol
BS5 0BY





REGISTERED NUMBER: 13226487 (England and Wales)





ACCOUNTANTS: Portfolio Accountants Ltd
9 Shottery Brook Office Park
Timothys Bridge Road
Stratford-Upon-Avon
CV37 9NR

Landrose Bristol 02 Ltd (Registered number: 13226487)

Balance Sheet
31 October 2023

31.10.23 31.10.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,060,000 2,773,600

CURRENT ASSETS
Debtors 5 455,063 122,991
Cash at bank 1,655 929
456,718 123,920
CREDITORS
Amounts falling due within one year 6 782,457 890,577
NET CURRENT LIABILITIES (325,739 ) (766,657 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,734,261

2,006,943

CREDITORS
Amounts falling due after more than one
year

7

(1,746,000

)

(1,337,001

)

PROVISIONS FOR LIABILITIES (222,168 ) (136,568 )
NET ASSETS 766,093 533,374

CAPITAL AND RESERVES
Called up share capital 8 1 1
Revaluation reserve 9 342,400 -
Retained earnings 423,692 533,373
SHAREHOLDERS' FUNDS 766,093 533,374

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 31 July 2024 and were signed by:





W J R Woodward - Director


Landrose Bristol 02 Ltd (Registered number: 13226487)

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

1. STATUTORY INFORMATION

Landrose Bristol 02 Ltd 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.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern
The financial statements have been prepared on a going concern basis.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

Landrose Bristol 02 Ltd (Registered number: 13226487)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 2,800,000
Revaluations 342,400
At 31 October 2023 3,142,400
DEPRECIATION
At 1 November 2022 26,400
Charge for year 56,000
At 31 October 2023 82,400
NET BOOK VALUE
At 31 October 2023 3,060,000
At 31 October 2022 2,773,600

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2022 968,652
Valuation in 2022 (249,876 )
Valuation in 2023 342,400
Cost 2,081,224
3,142,400

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
as restated
£    £   
Amounts owed by group undertakings 455,063 122,991

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
as restated
£    £   
Trade creditors 18,963 18,962
Amounts owed to group undertakings 754,058 869,623
Other creditors 9,436 1,992
782,457 890,577

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
as restated
£    £   
Other creditors 1,746,000 1,337,001

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: as restated
£    £   
1 Ordinary 1 1 1

Landrose Bristol 02 Ltd (Registered number: 13226487)

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

9. RESERVES
Revaluation
reserve
£   
current year 342,400

At 31 October 2023 342,400

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. SECURED DEBTS

A legal charge is held over Deben House, 1-5 Lawrence Hill, Bristol, BS5 0BY.

The carrying amount owed to Shawbrook Bank Limited by Landrose Bristol 02 Ltd at year end was £1,700,000.