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REGISTERED NUMBER: 02696672 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Landlow Limited

Landlow Limited (Registered number: 02696672)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Landlow Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J P Malovany





SECRETARY: C L Malovany





REGISTERED OFFICE: Grant House
Felday Road
Abinger Hammer
Dorking
Surrey
RH5 6QP





REGISTERED NUMBER: 02696672 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Landlow Limited (Registered number: 02696672)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 500,000 520,000

CURRENT ASSETS
Debtors 5 78,615 62,365
Cash at bank 10,844 5,250
89,459 67,615
CREDITORS
Amounts falling due within one year 6 (65,839 ) (60,716 )
NET CURRENT ASSETS 23,620 6,899
TOTAL ASSETS LESS CURRENT
LIABILITIES

523,620

526,899

PROVISIONS FOR LIABILITIES (78,000 ) (63,000 )
NET ASSETS 445,620 463,899

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 74,000 74,000
Non-distributable reserve 334,971 369,971
Retained earnings 35,649 18,928
445,620 463,899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 8 August 2024 and were signed by:





J P Malovany - Director


Landlow Limited (Registered number: 02696672)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Landlow 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Turnover represents rents receivable from third parties. The company is not registered for VAT.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is stated at its fair value at the reporting end date. Fair value movements are recognised in the Income Statement.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the 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 (2023 - 1 ) .

Landlow Limited (Registered number: 02696672)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 520,000
Revaluations (20,000 )
At 31 March 2024 500,000
NET BOOK VALUE
At 31 March 2024 500,000
At 31 March 2023 520,000

The fair value of the investment property has been arrived at on the basis of a valuation by the director, which is carried out annually. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,015 2,015
Other debtors 76,600 60,350
78,615 62,365

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 4,753 4,296
Other creditors 2,015 2,015
Director's loan account 57,344 52,844
Accruals 1,727 1,561
65,839 60,716

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
J P Malovany
Balance outstanding at start of year (52,844 ) (30,544 )
Amounts advanced - 8,000
Amounts repaid (4,500 ) (30,300 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (57,344 ) (52,844 )

The above loan from the director to the company is unsecured, interest-free, and repayable on demand.

Landlow Limited (Registered number: 02696672)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. RELATED PARTY DISCLOSURES

During the year, management charges totalling £16,250 (2023: £16,200) were charged to companies under common control. The amount owing at the year end in respect of these items are represented by the other debtors balance.