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REGISTERED NUMBER: 13866828 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LANDMARK PROPERTY (SB) LTD

LANDMARK PROPERTY (SB) LTD (REGISTERED NUMBER: 13866828)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


LANDMARK PROPERTY (SB) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs P Jogia





REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH





REGISTERED NUMBER: 13866828 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LANDMARK PROPERTY (SB) LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Landmark Property (Sb) Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Landmark Property (Sb) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Landmark Property (Sb) Ltd and state those matters that we have agreed to state to the director of Landmark Property (Sb) Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Landmark Property (Sb) Ltd and its director for our work or for this report.

It is your duty to ensure that Landmark Property (Sb) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Landmark Property (Sb) Ltd. You consider that Landmark Property (Sb) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Landmark Property (Sb) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


16 September 2024

LANDMARK PROPERTY (SB) LTD (REGISTERED NUMBER: 13866828)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 950,000 939,737

CURRENT ASSETS
Debtors 5 750 750
Cash at bank 1,812 67,909
2,562 68,659
CREDITORS
Amounts falling due within one year 6 515,154 573,301
NET CURRENT LIABILITIES (512,592 ) (504,642 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

437,408

435,095

CREDITORS
Amounts falling due after more than one year 7 (422,727 ) (433,636 )

PROVISIONS FOR LIABILITIES (1,950 ) -
NET ASSETS 12,731 1,459

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 12,631 1,359
SHAREHOLDERS' FUNDS 12,731 1,459

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 her 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.

LANDMARK PROPERTY (SB) LTD (REGISTERED NUMBER: 13866828)

BALANCE SHEET - continued
31 MARCH 2024


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 16 September 2024 and were signed by:





Mrs P Jogia - Director


LANDMARK PROPERTY (SB) LTD (REGISTERED NUMBER: 13866828)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Landmark Property (Sb) Ltd 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.

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 represents rental income receivable.

Turnover is recognised when the company has a right to consideration.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

LANDMARK PROPERTY (SB) LTD (REGISTERED NUMBER: 13866828)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 939,737
Revaluations 10,263
At 31 March 2024 950,000
NET BOOK VALUE
At 31 March 2024 950,000
At 31 March 2023 939,737

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 10,263
Cost 939,737
950,000

During the year the directors updated the valuation of the investment property based on director's knowledge of the local property and rental markets. The market value of the investment property at 31 March 2024 is not significantly different to that stated above.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 750 750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,909 10,909
Trade creditors 1,760 -
Amounts owed to connected companies 298,740 358,740
Tax - 375
Directors' current accounts 190,706 188,137
Accruals and deferred income 13,039 15,140
515,154 573,301

LANDMARK PROPERTY (SB) LTD (REGISTERED NUMBER: 13866828)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,909 10,909
Bank loans - 2-5 years 411,818 422,727
422,727 433,636

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 433,636 444,545

The bank loan is secured by a fixed charge over the investment property of the company and by a limited personal guarantee to a sum of £200,000. The bank loan is repayable in full by September 2025 and the rate of interest is 3.64% above base rate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2023 1,359
Profit for the year 11,272
At 31 March 2024 12,631

Retained earnings includes undistributable profit and loss reserves of £8,313 (2023: £NIL).

11. RELATED PARTY DISCLOSURES

At the period end, the company owed £190,706 (2023:£188,137) to the director of the company. This is interest-free and repayable on demand.

At the period end, the company owed £298,740 (2023:£358,740) by Jatania Property Ltd, a company in which the director's family has a beneficial interest. This is interest free and repayable on demand.