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REGISTERED NUMBER: 05878527 (England and Wales)











THE LAND GROUP (SUFFOLK) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






THE LAND GROUP (SUFFOLK) LIMITED (REGISTERED NUMBER: 05878527)






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


THE LAND GROUP (SUFFOLK) LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







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





SECRETARY: A G Doyle





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





REGISTERED NUMBER: 05878527 (England and Wales)





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

THE LAND GROUP (SUFFOLK) LIMITED (REGISTERED NUMBER: 05878527)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Contract costs 4 7,998,420 8,887,134
Debtors 5 15,316 15,529
Cash at bank 1,612,611 1,539,996
9,626,347 10,442,659
CREDITORS
Amounts falling due within one year 6 2,641,959 2,420,389
NET CURRENT ASSETS 6,984,388 8,022,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,984,388

8,022,270

CREDITORS
Amounts falling due after more than one
year

7

9,029,214

9,962,946
NET LIABILITIES (2,044,826 ) (1,940,676 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (2,044,926 ) (1,940,776 )
SHAREHOLDERS' FUNDS (2,044,826 ) (1,940,676 )

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


THE LAND GROUP (SUFFOLK) LIMITED (REGISTERED NUMBER: 05878527)

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

1. STATUTORY INFORMATION

The Land Group (Suffolk) 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.

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.

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.

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).

THE LAND GROUP (SUFFOLK) LIMITED (REGISTERED NUMBER: 05878527)

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

4. CONTRACT COSTS
2024 2023
£    £   
Contract costs 7,998,420 8,887,134

Contract costs comprise the net balance of the aggregate of costs incurred to date in respect of the contract with Suffolk County Council for Suffolk Fire and Rescue Services and the aggregate amounts charged to the Profit and Loss Account to write off the aggregate contract costs over the period of the contract.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,316 (7,242 )
Other debtors - 22,771
15,316 15,529

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 933,732 686,969
Trade creditors 264,173 281,201
VAT 88,996 51,237
Other creditors 1,355,058 1,400,982
2,641,959 2,420,389

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 9,029,214 9,962,946

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 5,856,381 6,360,866

8. 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 933,732 686,969

Amounts falling due between one and two years:
Bank loans - 1-2 years 1,103,635 933,732

THE LAND GROUP (SUFFOLK) LIMITED (REGISTERED NUMBER: 05878527)

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

8. LOANS - continued
2024 2023
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 2,069,198 2,668,348

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 5,856,381 6,360,866

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 9,962,946 10,649,915

The bank loan is secured by way of a debenture over all the company's activities.

10. CALLED UP SHARE CAPITAL

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

11. 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

12. RELATED PARTY DISCLOSURES

Included in other creditors are amounts of £66,133 (2023-£65,677) owing to The Land Group Investments Ltd and £1,286,525 (2023-£1,331,527) owing to Ash Corporate Finance (Suffolk) Ltd, both of which are connected companies.

During the year, the company paid loan interest to Ash Corporate Finance (Suffolk) Ltd of £184,530 (2023-£186,209), a related party due to shareholders in common.

Included in management charges are amounts paid to The Land Group Investments Ltd of £855,503 (2023-£491,618).