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REGISTERED NUMBER: 14569340 (England and Wales)









Financial Statements

for the Period

4 January 2023 to 31 March 2024

for

Land First Management Ltd

Land First Management Ltd (Registered number: 14569340)






Contents of the Financial Statements
for the Period 4 January 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Land First Management Ltd

Company Information
for the Period 4 January 2023 to 31 March 2024







DIRECTORS: K Vakil
R Ragoowansi





SECRETARY: K Vakil





REGISTERED OFFICE: 3rd Floor, Portman House
2 Portman Street
London
W1H 6DU





REGISTERED NUMBER: 14569340 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Land First Management Ltd (Registered number: 14569340)

Balance Sheet
31 March 2024

Notes £   
CURRENT ASSETS
Debtors 4 84,905
Cash at bank 10,578
95,483
CREDITORS
Amounts falling due within one year 5 (244,677 )
NET CURRENT LIABILITIES (149,194 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(149,194

)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (149,294 )
(149,194 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 23 October 2024 and were signed on its behalf by:





R Ragoowansi - Director


Land First Management Ltd (Registered number: 14569340)

Notes to the Financial Statements
for the Period 4 January 2023 to 31 March 2024

1. STATUTORY INFORMATION

Land First Management 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.

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.

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

Income is recognised when the service is provided.

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. The validity of this assumption is dependent upon the continued support of K Bhatia, sole shareholder of parent company Capricorn Group UK Ltd.

Reporting period
The financial statements have been prepared for a period of greater than twelve months by virtue of being the first set of accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

Land First Management Ltd (Registered number: 14569340)

Notes to the Financial Statements - continued
for the Period 4 January 2023 to 31 March 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 3,219
Amounts owed by group undertakings 100
Other debtors 81,586
84,905

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 3,206
Taxation and social security 2,164
Other creditors 239,307
244,677

6. RELATED PARTY DISCLOSURES

Included within other creditors at the period end is an amount of £231,000 due to the beneficial owner of the ultimate parent company, Capricorn Group UK Ltd. The balance has been provided unsecured, interest free and is repayable on demand.

Included within amounts owed to group undertakings is an amount of £3,206 due to a group company for recharged expenses. The balance has been provided unsecured, interest free and is repayable on demand.

7. PARENT COMPANY

The immediate and ultimate parent company is Capricorn Group UK Ltd. The company's registered office is 28 Church Road, Stanmore, Middlesex HA7 4XR.