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COMPANY REGISTRATION NUMBER: 02210289
LANDMARK ESTATES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 December 2023
LANDMARK ESTATES LIMITED
STATEMENT OF FINANCIAL POSITION
30 December 2023
2023
2022
Note
£
£
£
CURRENT ASSETS
Stocks
6,267,597
3,186,279
Debtors
4
64,469
18,786
Cash at bank and in hand
139,079
420,330
------------
------------
6,471,145
3,625,395
CREDITORS: amounts falling due within one year
5
( 1,075,655)
( 802,178)
------------
------------
NET CURRENT ASSETS
5,395,490
2,823,217
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
5,395,490
2,823,217
CREDITORS: amounts falling due after more than one year
6
( 5,364,913)
( 2,458,341)
------------
------------
NET ASSETS
30,577
364,876
------------
------------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
30,477
364,776
--------
---------
SHAREHOLDERS FUNDS
30,577
364,876
--------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
LANDMARK ESTATES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 December 2023
These financial statements were approved by the board of directors and authorised for issue on 16 September 2024 , and are signed on behalf of the board by:
R M Murray
Director
Company registration number: 02210289
LANDMARK ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 DECEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Royal House, 28 Sovereign Street, Leeds, LS1 4BJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost comprises the acquisition and development costs excluding interest. Development costs include infrastructure costs and costs of houses built. The cost of land acquisition includes options to purchase land, and the cost of any investigation work prior to purchase.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short-term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. DEBTORS
2023
2022
£
£
Other debtors
64,469
18,786
--------
--------
5. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
106,801
111,349
Social security and other taxes
6,374
Other creditors
962,480
690,829
------------
---------
1,075,655
802,178
------------
---------
6. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
5,364,913
2,458,341
------------
------------