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REGISTERED NUMBER: 04722544 (England and Wales)











LAND PROPERTY HOLDINGS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






LAND PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 04722544)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


LAND PROPERTY HOLDINGS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: L S Neilson
A G Doyle
N C S Robson
D J Winch





SECRETARY: A G Doyle





REGISTERED OFFICE: 1 Quay Point
Station Road
Woodbridge
Suffolk
IP12 4AL





REGISTERED NUMBER: 04722544 (England and Wales)





AUDITORS: Berringers LLP
Chartered Accountants
and Statutory Auditors
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

LAND PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 04722544)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,512,515 2,512,515
Investment property 5 7,415,000 6,570,000
9,927,515 9,082,515

CURRENT ASSETS
Debtors 6 229,987 252,000
Cash at bank 1,063 414,737
231,050 666,737
CREDITORS
Amounts falling due within one year 7 3,223,203 3,016,108
NET CURRENT LIABILITIES (2,992,153 ) (2,349,371 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,935,362

6,733,144

CREDITORS
Amounts falling due after more than one
year

8

5,088,800

4,638,384
NET ASSETS 1,846,562 2,094,760

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 11 1,846,554 2,094,752
SHAREHOLDERS' FUNDS 1,846,562 2,094,760

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





D J Winch - Director


LAND PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 04722544)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Land Property Holdings 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.

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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the
amounts reported for revenues and expenditures during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Management do not consider that there is a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period.

Going Concern
The Directors have considered the current economic and financial situation against the Company's activities, income and expenditure and have concluded that the current risks to the Company are not significant and that no additional provisions need to be made. It is the Directors' opinion that the Company will be a going concern for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 Statement of Income and Retained Earnings, 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.

LAND PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 04722544)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Going concern
It is the directors' opinion that the company is a going concern for the foreseeable future.

Debtors
Short term debtors are measures at transaction price, less any impairment. Loans receivable are measured
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the
effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents include cash in hand and deposits held at call with banks. Bank overdrafts, when applicable are shown within borrowings in current liabilities.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are
measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2023
and 31 March 2024 2,512,515
NET BOOK VALUE
At 31 March 2024 2,512,515
At 31 March 2023 2,512,515

The company's investments at the Balance sheet date in the share capital of companies include the following:

Ash Corporate Finance (Maidstone) Limited
Registered office: 1 Quay Point,Station Road,Woodbridge, Suffolk, IP12 4AL
Nature of business: Property Investment
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 2,454,264 2,576,051
Profit for the year 60,713 266,724

LAND PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 04722544)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 6,570,000
Additions 843,236
Revaluations 1,764
At 31 March 2024 7,415,000
NET BOOK VALUE
At 31 March 2024 7,415,000
At 31 March 2023 6,570,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 636,938
Cost 6,778,062
7,415,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 6,778,063 5,934,826

Investment property was valued on an open market basis on 31 March 2024 by Glenny and Fenn Wright .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 89,614 79,305
Other debtors 138,523 126,970
VAT 1,850 45,725
229,987 252,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 104,738 116,649
Other loans (see note 9) 160,000 160,000
Trade creditors 55,334 138,302
Taxation 830 24,150
Other creditors 2,899,801 2,574,507
Directors' loan accounts 2,500 2,500
3,223,203 3,016,108

LAND PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 04722544)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 3,688,800 3,038,384
Other loans (see note 9) 1,400,000 1,600,000
5,088,800 4,638,384

Amounts falling due in more than five years:

Repayable by instalments
Other Loans 760,000 960,000

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans - less than 1 yr 104,738 116,649
Other Loans 160,000 160,000
264,738 276,649

Amounts falling due between one and two years:
Bank loans - 1-2 years 81,067 81,067
Other Loans 160,000 160,000
241,067 241,067

Amounts falling due between two and five years:
Bank loans - 2-5 years 3,607,733 2,957,317
Other Loans 480,000 480,000
4,087,733 3,437,317

Amounts falling due in more than five years:

Repayable by instalments
Other Loans 760,000 960,000

LAND PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 04722544)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 3,793,538 3,155,033

The bank loans are secured by way of legal charges over the properties at 23 The Spires Dartford Kent, 82 High Street Ramsgate Kent, 485a Upper Brentwood Road Gidea Park Romford Essex, 15 The Paragon Ramsgate Kent, 2A The Walk Beccles Suffolk, Unit A5 Ransomes Europark Ipswich, 4 and 4A The Thoroughfare Woodbridge Suffolk, 4 St Martins Close Canterbury Kent, 33 and 34 The Broadway Woodford, and 15 Albion Place Ramsgate Kent and a debenture over all the assets and undertakings of the company.

11. RESERVES

Revaluation
Reserve
£

At 1 April 2023635,175
Property revaluations1,764

As at 31 March 2024636,939

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Ricky Hutson BSc FCCA ACA (Senior Statutory Auditor)
for and on behalf of Berringers LLP

13. RELATED PARTY DISCLOSURES

Included in other creditors are amounts owing by the company to connected companies of £1,603,773 (2023-£1,603,773) to Ash Corporate Finance (Hampstead) Ltd, £61,750 (2023-£67,750) to Ash Corporate Finance (Maidstone) Ltd, £341,960 (2023-£341,960) to Winro Ltd, £45,238 (2023-£45,238) to Ash Corporate Finance (Altnagelvin) Ltd, £631,216 (2023-£377,223) to The Land Group Investments Ltd, £4,005 (2023-£4,005) to Neilson Project Services Ltd, £39,000 (2023-£39,000) to Ash Corporate Finance (Suffolk) Ltd and £507 to (2023 £1,499 due from) The Land Group London LLP in which the directors are members.

Included in other debtors is an amount owing to the company of £28,000 (2022-£28,000) by Ash Corporate Finance Ltd a connected company. Also included is £82,577 (2022-£82,577) due from Fressingfield Land LLP in which the directors are members.

Included in management fees are amounts of £27,116 (2023-£25,357) paid to Land Group London LLP.

As at the balance sheet date, the company owed the directors the sum of £2,500 (2023-£2,500).

Other Loans are from related parties, including the directors. These loans are interest free and repayable over a period of 15 years.