Land Recovery (Dewsbury) Ltd 14249871 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is the holding of land & buildings. Digita Accounts Production Advanced 6.30.9574.0 true true 14249871 2022-12-01 2023-11-30 14249871 2023-11-30 14249871 core:RetainedEarningsAccumulatedLosses 2023-11-30 14249871 core:ShareCapital 2023-11-30 14249871 core:CurrentFinancialInstruments 2023-11-30 14249871 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 14249871 core:LandBuildings 2023-11-30 14249871 bus:SmallEntities 2022-12-01 2023-11-30 14249871 bus:Audited 2022-12-01 2023-11-30 14249871 bus:FullAccounts 2022-12-01 2023-11-30 14249871 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 14249871 bus:RegisteredOffice 2022-12-01 2023-11-30 14249871 bus:Director1 2022-12-01 2023-11-30 14249871 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 14249871 1 2022-12-01 2023-11-30 14249871 core:LandBuildings 2022-12-01 2023-11-30 14249871 countries:EnglandWales 2022-12-01 2023-11-30 14249871 2022-11-30 14249871 core:LandBuildings 2022-11-30 14249871 2022-07-22 2022-11-30 14249871 2022-11-30 14249871 core:RetainedEarningsAccumulatedLosses 2022-11-30 14249871 core:ShareCapital 2022-11-30 14249871 core:CurrentFinancialInstruments 2022-11-30 14249871 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 14249871 core:LandBuildings 2022-11-30 iso4217:GBP xbrli:pure

Registration number: 14249871

Land Recovery (Dewsbury) Ltd
(formerly WS Property CO 1 Limited)

Financial Statements

for the Year Ended 30 November 2023

 

Land Recovery (Dewsbury) Ltd

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 5

 

Land Recovery (Dewsbury) Ltd

(Registration number: 14249871)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,207,314

1,207,314

Current assets

 

Debtors

5

-

5,392

Creditors: Amounts falling due within one year

6

(1,212,713)

(1,213,905)

Net current liabilities

 

(1,212,713)

(1,208,513)

Net liabilities

 

(5,399)

(1,199)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(5,400)

(1,200)

Shareholders' deficit

 

(5,399)

(1,199)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 May 2024
 

.........................................
Mr D Beecroft
Director

 

Land Recovery (Dewsbury) Ltd

Notes to the Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The company was formerly known as WS Property CO 1 Limited.

The address of its registered office is:
Whitemoss Quarry
Radway Green
Alsager
Crewe
Cheshire
CW1 5UJ
UK

These financial statements were authorised for issue by the director on 7 May 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

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.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the parent company. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 16 May 2024 was Mr Ian William Biddington, who signed for and on behalf of Alextra Audit Limited.

 

Land Recovery (Dewsbury) Ltd

Notes to the Financial Statements for the Year Ended 30 November 2023

Judgements

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 revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Land and buildings are not depreciated. Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

Nil

Financial instruments

Classification
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets are classified into specified categories. The classification depends on the nature and purpose of the financial assets and is determined at the time of recognition.

Basic Financial Assets
Basic financial assets which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of Financial Liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade payables and obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

 

 

Land Recovery (Dewsbury) Ltd

Notes to the Financial Statements for the Year Ended 30 November 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 December 2022

1,207,314

1,207,314

At 30 November 2023

1,207,314

1,207,314

Depreciation

Carrying amount

At 30 November 2023

1,207,314

1,207,314

At 30 November 2022

1,207,314

1,207,314

Included within the net book value of land and buildings above is £1,207,314 (2022 - £1,207,314) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's Land and buildings at Dewsbury has not been revalued. The Land and buildings were purchased in October 2022. In the opinion of the directors, as at 30 November 2023, the fair value had not changed from the original cost value.

5

Debtors

Current

2023
£

2022
£

Other debtors

-

5,392

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

 

Owed to group undertakings

1,207,297

-

Accruals and deferred income

 

5,400

1,200

Other creditors

 

16

1,212,705

 

1,212,713

1,213,905

 

Land Recovery (Dewsbury) Ltd

Notes to the Financial Statements for the Year Ended 30 November 2023

7

Parent and ultimate parent undertaking

The parent is Land Recovery Enterprises Limited, a company incorporated in England and Wales, company number 07262491, registered office 128 Crewe Road Haslington, Crewe, Cheshire, England, CW1 5RQ.

These financial statements are consolidated within the group financial statements of Land Recovery Enterprises Limited. Copies of the consolidated financial statements are available on request from 128 Crewe Road Haslington, Crewe, Cheshire, England, CW1 5RQ.

The shareholder of Land Recovery Enterprises Limited is considered to be the controlling party.

The company has taken advantage of the exemption from disclosure of intra group transactions in accordance with FRS102 paragraph 33.1A.