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Registered number: 05272916
Town & Country Land Management Limited
Unaudited Financial Statements
For the Period 1 December 2022 to 31 May 2024
Lynton Foster
Chartered Certified Accountants and Registered Auditors
33 Nicholas Way
Northwood
HA6 2TR
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—8
Page 1
Company Information
Director James Crook
Secretary Lynne Crook
Company Number 05272916
Registered Office 33 Nicholas Way
Northwood
Middlesex
HA6 2TR
Accountants Lynton Foster
Chartered Certified Accountants and Registered Auditors
33 Nicholas Way
Northwood
HA6 2TR
Page 1
Page 2
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended balance sheet as at period ended 31 May 2024 as set out in the accounts from Town & Country Land Management Limited accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.
This report is made solely to the Board of Directors of Town & Country Land Management Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of the company and state those matters that we have agreed to state to the Board of Directors Town & Country Land Management Limited , as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants pertaining audit exempt companies. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Town & Country Land Management Limited and its Board of Directors as a body for our work or for this report. It is the Directors duty to ensure that the company has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Town & Country Land Management Limited . You consider that Town & Country Land Management Limited is exempt from the statutory audit requirement for the year.
Without performing an audit or detailed verification work our procedures consisted of comparing the accounts with the accounting records kept by the comaony, and making such limited enquiries of the officers of the company we considered necessary for the purposes of this report. These procedures provide only the assurance expressed in our opinion.
In our opinion the Accounts are in agreement with the accounting records kept by Town & Country Land Management Limited under the Companies Act 2006 and generally accepted accounting principles. Having regard only to, and on the basis of, the information contained in those accounting records, the Accounts have been drawn up in a manner consistent with the accounting requirements specified in the Companies Act 2006; and the Financial Reporting Standard 102 Section 1A - Small Entities and the company satisfied the conditions for exemption from an audit of the accounts for the year specified in 476 of the Act and did not at any time within that year, fall within any of the categories of companies not entitled to the exemption.
Signed
26th August 2024
Lynton Foster
Chartered Certified Accountants and Registered Auditors
33 Nicholas Way
Northwood
HA6 2TR
Page 2
Page 3
Balance Sheet
Registered number: 05272916
31 May 2024 30 November 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 122,486 139,474
122,486 139,474
CURRENT ASSETS
Debtors 5 90,015 126,614
Cash at bank and in hand 25,441 -
115,456 126,614
Creditors: Amounts Falling Due Within One Year 6 (54,546 ) (75,204 )
NET CURRENT ASSETS (LIABILITIES) 60,910 51,410
TOTAL ASSETS LESS CURRENT LIABILITIES 183,396 190,884
Creditors: Amounts Falling Due After More Than One Year 7 (12,853 ) (27,689 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (30,621 ) (26,500 )
NET ASSETS 139,922 136,695
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 139,822 136,595
SHAREHOLDERS' FUNDS 139,922 136,695
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For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
James Crook
Director
26th August 2024
The notes on pages 5 to 8 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Town & Country Land Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05272916 . The registered office is 33 Nicholas Way, Northwood, Middlesex, HA6 2TR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Eight and fifteen years on cost
Motor Vehicles Five years on cost
Furniture, Fixtures & Equipment Three and five on cost
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2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment  of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
2.6. Trade Creditors
Trade creditors are 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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. 
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. 
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3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2022: 3)
2 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Furniture, Fixtures & Equipment Total
£ £ £ £
Cost
As at 1 December 2022 298,120 29,051 18,219 345,390
Additions 6,351 - 10,676 17,027
Disposals (2,734 ) - - (2,734 )
As at 31 May 2024 301,737 29,051 28,895 359,683
Depreciation
As at 1 December 2022 178,895 13,279 13,742 205,916
Provided during the period 24,213 5,810 3,007 33,030
Disposals (1,749 ) - - (1,749 )
As at 31 May 2024 201,359 19,089 16,749 237,197
Net Book Value
As at 31 May 2024 100,378 9,962 12,146 122,486
As at 1 December 2022 119,225 15,772 4,477 139,474
5. Debtors
31 May 2024 30 November 2022
£ £
Due within one year
Trade debtors 1,080 92,720
Prepayments and accrued income 7,059 802
Other debtors 81,876 33,092
90,015 126,614
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6. Creditors: Amounts Falling Due Within One Year
31 May 2024 30 November 2022
£ £
Trade creditors - 9,468
Bank loans and overdrafts 9,586 31,220
Corporation tax 15,250 22,346
Other taxes and social security 6,899 1,314
Other creditors 22,537 10,687
Accruals 157 97
Director's loan account 117 72
54,546 75,204
7. Creditors: Amounts Falling Due After More Than One Year
31 May 2024 30 November 2022
£ £
Bank loans 12,853 27,689
8. Share Capital
31 May 2024 30 November 2022
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
31 May 2024 30 November 2022
£ £
On equity shares:
Final dividend paid 37,500 77,500
10. Related Party Transactions
At the Balance Sheet date the Director was owed the sum of £117 (£72 - 2022) such monies advanced to the company on an interest free basis. In addition the company advanced to the company's Director JE Crook the sum of £80,000 within the accounting period, repayable on demand, for which the Director accounted to the company for interest at the official HMRC rate. 
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