REGISTERED NUMBER: |
Financial Statements |
for the Period |
4 January 2023 to 31 March 2024 |
for |
Land First Management Ltd |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
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 |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
Amounts owed by group undertakings |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
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. |