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REGISTERED NUMBER: 02424144 (England and Wales)














Financial Statements for the Year Ended 31 December 2023

for

Lonland Limited

Lonland Limited (Registered number: 02424144)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Lonland Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr G Adamiw





SECRETARY: Mr N Adamiw





REGISTERED OFFICE: Lonland House
9 Princess Alexandra Court
Bonhay Road
Exeter
Devon
EX4 3BZ





REGISTERED NUMBER: 02424144 (England and Wales)





ACCOUNTANTS: Kirk Hills Business Advisors
a trading name of RT Marke &
Co Chartered Accountants Ltd
5 Barnfield Crescent
Exeter
Devon
EX1 1QT

Lonland Limited (Registered number: 02424144)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 446 593
Investment property 5 185,000 180,000
185,446 180,593

CURRENT ASSETS
Debtors 6 391 395
Cash at bank 995 942
1,386 1,337
CREDITORS
Amounts falling due within one year 7 18,665 20,056
NET CURRENT LIABILITIES (17,279 ) (18,719 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,167

161,874

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 168,067 161,774
SHAREHOLDERS' FUNDS 168,167 161,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 9 September 2024 and were signed by:





Mr G Adamiw - Director


Lonland Limited (Registered number: 02424144)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Lonland 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.

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.

Financial instruments
(i) Financial assets
Basic financial assets, including trade and other debtors are initially recognized at the transaction price and therefore stated at amortisation cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans and other loans are initially recognized at transaction price, unless the arrangement constitutes a financing transaction.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognized initially at transaction price and subsequently measured at amortisation cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3. EMPLOYEES AND DIRECTORS

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

Lonland Limited (Registered number: 02424144)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 2,075 8,527 10,602
DEPRECIATION
At 1 January 2023 2,063 7,946 10,009
Charge for year 2 145 147
At 31 December 2023 2,065 8,091 10,156
NET BOOK VALUE
At 31 December 2023 10 436 446
At 31 December 2022 12 581 593

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 January 2023 180,000
Revaluations 5,000
At 31 December 2023 185,000
NET BOOK VALUE
At 31 December 2023 185,000
At 31 December 2022 180,000

The investment property is valued by the director on a market value basis at the year end.

As at 31 December 2023 the director considered the market valuation of the investment property was £185,000.

Cost or valuation at 31 December 2023 is represented by:
£   
Valuation in 2023 185,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 391 395

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 452 457
Other creditors 18,213 19,599
18,665 20,056

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Lonland Limited


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 Lonland Limited for the year ended 31 December 2023 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 Lonland Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lonland Limited and state those matters that we have agreed to state to the director of Lonland Limited 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 Lonland Limited and its director for our work or for this report.

It is your duty to ensure that Lonland Limited 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 Lonland Limited. You consider that Lonland Limited 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 Lonland Limited. 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.






Kirk Hills Business Advisors
a trading name of RT Marke &
Co Chartered Accountants Ltd
5 Barnfield Crescent
Exeter
Devon
EX1 1QT


17 September 2024