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Registered Number: 11627385
England and Wales

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 31 December 2023

for

THE LANDSITE ONLINE LTD

 
 
 
£
2023
£
   
£
2022
£
Fixed assets 392,949  162,783 
Current assets 35,964  41,314 
Creditors: amount falling due within one year (908,519) (893,853)
Net current assets (872,555) (852,539)
Total assets less current liabilities (479,606) (689,756)
Provisions for liabilities (47,500)
Accrued liabilities (419) (359)
Net assets (527,525) (690,115)
 
Capital and reserves (527,525) (690,115)
 
  1. For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Ramsey Tawfik Assal
Director

Date approved: 22 August 2024
1
Statutory Information
THE LANDSITE ONLINE LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 11627385, registration address Suite G04 1 Quality Court, Chancery Lane, London, WC2A 1HR, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery25% Reducing Balance
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
2.

Intangible fixed assets

Cost or Valuation Other   Total
  £   £
At 01 January 2023 215,306    215,306 
Additions 2,623    2,623 
Disposals  
Revaluations 250,000    250,000 
At 31 December 2023 467,929    467,929 
Amortisation
At 01 January 2023 56,230    56,230 
Charge for year 21,530    21,530 
On disposals  
At 31 December 2023 77,760    77,760 
Net book values
At 31 December 2023 390,169    390,169 
At 31 December 2022 159,076    159,076 

3.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Total
  £   £
At 01 January 2023 9,018    9,018 
Additions  
Disposals  
At 31 December 2023 9,018    9,018 
Depreciation
At 01 January 2023 5,311    5,311 
Charge for year 927    927 
On disposals  
At 31 December 2023 6,238    6,238 
Net book values
Closing balance as at 31 December 2023 2,780    2,780 
Opening balance as at 01 January 2023 3,707    3,707 

4.

Average number of employees

Average number of employees during the year was 2  (2022: 3).
2