IRIS Accounts Production v24.2.0.383 05708495 director 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh057084952022-11-30057084952023-11-30057084952022-12-012023-11-30057084952021-11-30057084952021-12-012022-11-30057084952022-11-3005708495ns15:EnglandWales2022-12-012023-11-3005708495ns14:PoundSterling2022-12-012023-11-3005708495ns10:Director12022-12-012023-11-3005708495ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3005708495ns10:SmallEntities2022-12-012023-11-3005708495ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3005708495ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3005708495ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3005708495ns10:FullAccounts2022-12-012023-11-3005708495ns10:RegisteredOffice2022-12-012023-11-3005708495ns5:CurrentFinancialInstruments2023-11-3005708495ns5:CurrentFinancialInstruments2022-11-3005708495ns5:ShareCapital2023-11-3005708495ns5:ShareCapital2022-11-3005708495ns5:RetainedEarningsAccumulatedLosses2023-11-3005708495ns5:RetainedEarningsAccumulatedLosses2022-11-3005708495ns5:PlantMachinery2022-12-012023-11-3005708495ns5:MotorVehicles2022-12-012023-11-3005708495ns5:ComputerEquipment2022-12-012023-11-3005708495ns5:PlantMachinery2022-11-3005708495ns5:MotorVehicles2022-11-3005708495ns5:ComputerEquipment2022-11-3005708495ns5:PlantMachinery2023-11-3005708495ns5:MotorVehicles2023-11-3005708495ns5:ComputerEquipment2023-11-3005708495ns5:PlantMachinery2022-11-3005708495ns5:MotorVehicles2022-11-3005708495ns5:ComputerEquipment2022-11-3005708495ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-11-3005708495ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-11-3005708495ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-11-3005708495ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3005708495ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3005708495ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-11-3005708495ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-11-30057084951ns10:Director12022-11-30057084951ns10:Director12021-11-30057084951ns10:Director12022-12-012023-11-30057084951ns10:Director12021-12-012022-11-30057084951ns10:Director12023-11-30057084951ns10:Director12022-11-30
REGISTERED NUMBER: 05708495 (England and Wales)















Landmark Renovations Limited

Unaudited Financial Statements for the Year Ended 30 November 2023






Landmark Renovations Limited (Registered number: 05708495)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Landmark Renovations Limited

Company Information
for the Year Ended 30 November 2023







Director: C Percival





Registered office: 5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP





Business address: 18 Clach Na Strom
Whiteness
Shetland
ZE2 9LG





Registered number: 05708495 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

Landmark Renovations Limited (Registered number: 05708495)

Statement of Financial Position
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 7,683 19,905

Current assets
Stocks 34,000 34,000
Debtors 5 78,790 42,439
Cash at bank 26,969 23,362
139,759 99,801
Creditors
Amounts falling due within one year 6 51,505 43,093
Net current assets 88,254 56,708
Total assets less current liabilities 95,937 76,613

Provisions for liabilities 1,921 3,782
Net assets 94,016 72,831

Capital and reserves
Called up share capital 500 500
Retained earnings 93,516 72,331
Shareholders' funds 94,016 72,831

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 20 August 2024 and were signed by:




C Percival - Director


Landmark Renovations Limited (Registered number: 05708495)

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

1. Statutory information

Landmark Renovations 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.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - at variable rates on reducing balance
Motor vehicles - 20% on reducing balance
Office furniture and equipment - 33% on reducing balance

Stocks
Stock and work in progress is valued at the lower of cost and net realisable value.

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 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.

Landmark Renovations Limited (Registered number: 05708495)

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

2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 1 ) .

4. Tangible fixed assets
Office
furniture
Plant and Motor and
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 December 2022 15,676 34,783 7,289 57,748
Additions 1,444 - 1,828 3,272
Disposals - (34,783 ) - (34,783 )
At 30 November 2023 17,120 - 9,117 26,237
Depreciation
At 1 December 2022 13,623 20,823 3,397 37,843
Charge for year 229 - 1,305 1,534
Eliminated on disposal - (20,823 ) - (20,823 )
At 30 November 2023 13,852 - 4,702 18,554
Net book value
At 30 November 2023 3,268 - 4,415 7,683
At 30 November 2022 2,053 13,960 3,892 19,905

Landmark Renovations Limited (Registered number: 05708495)

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

4. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 December 2022 34,783
Transfer to ownership (34,783 )
At 30 November 2023 -
Depreciation
At 1 December 2022 20,823
Transfer to ownership (20,823 )
At 30 November 2023 -
Net book value
At 30 November 2023 -
At 30 November 2022 13,960

5. Debtors
30/11/23 30/11/22
£    £   
Amounts falling due within one year:
Trade debtors 16,074 18,468
Other debtors 47,646 18,418
63,720 36,886

Amounts falling due after more than one year:
Other debtors 15,070 5,553

Aggregate amounts 78,790 42,439

6. Creditors: amounts falling due within one year
30/11/23 30/11/22
£    £   
Hire purchase contracts - 10,839
Trade creditors 635 618
Taxation and social security 46,678 28,207
Other creditors 4,192 3,429
51,505 43,093

Landmark Renovations Limited (Registered number: 05708495)

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

7. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30/11/23 30/11/22
£    £   
C Percival
Balance outstanding at start of year 16,453 (1,364 )
Amounts advanced 93,198 59,088
Amounts repaid (65,000 ) (41,271 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,651 16,453