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REGISTERED NUMBER: 04338137 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

LOXDALE LAND DEVELOPMENTS LIMITED

LOXDALE LAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04338137)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LOXDALE LAND DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Ms S A Richardson
Mrs T Woodcock





REGISTERED OFFICE: The Bungalow
Brownwood Lane
Thorney
NEWARK
NG23 7DJ





REGISTERED NUMBER: 04338137 (England and Wales)

LOXDALE LAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04338137)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 463,879 468,509

CURRENT ASSETS
Debtors 5 155,412 136,445
Cash at bank 462,675 452,743
618,087 589,188
CREDITORS
Amounts falling due within one year 6 25,394 12,436
NET CURRENT ASSETS 592,693 576,752
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,056,572

1,045,261

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 1,055,572 1,044,261
SHAREHOLDERS' FUNDS 1,056,572 1,045,261

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

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

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 28 May 2024 and were signed on its behalf by:




Mrs T Woodcock - Director



Ms S A Richardson - Director


LOXDALE LAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04338137)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Loxdale Land Developments Limited 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. 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 the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 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 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 1 (2022 - 1 ) .

LOXDALE LAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04338137)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
land property machinery
£    £    £   
COST
At 1 January 2023
and 31 December 2023 450,000 10,778 30,239
DEPRECIATION
At 1 January 2023 - 10,778 23,263
Charge for year - - 1,745
At 31 December 2023 - 10,778 25,008
NET BOOK VALUE
At 31 December 2023 450,000 - 5,231
At 31 December 2022 450,000 - 6,976

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 20,144 932 512,093
DEPRECIATION
At 1 January 2023 8,641 902 43,584
Charge for year 2,878 7 4,630
At 31 December 2023 11,519 909 48,214
NET BOOK VALUE
At 31 December 2023 8,625 23 463,879
At 31 December 2022 11,503 30 468,509

Included in cost of land and buildings is freehold land of £ 450,000 (2022 - £ 450,000 ) which is not depreciated.

An independent valuation of the freehold land carried out during February 2016 showed a market value in excess of the cost shown in the accounts. For this reason the freehold land has not been depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 96,882 96,882
Corporation tax 14,769 -
Directors' current accounts 43,761 39,563
155,412 136,445

LOXDALE LAND DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04338137)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 18,725 5,530
Social security and other taxes 1,609 2,206
Other creditors 2,720 2,720
Accrued expenses 2,340 1,980
25,394 12,436

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mrs T Woodcock
Balance outstanding at start of year 39,563 -
Amounts advanced 4,198 39,563
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,761 39,563

Interest is charged at the official rate and is included within the amounts advanced.

9. ULTIMATE CONTROLLING PARTY

At the Balance Sheet date the controlling party was the Estate of Mrs June Richardson (Deceased).