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REGISTERED NUMBER: 02133246 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Landore Estates Limited

Landore Estates Limited (Registered number: 02133246)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Landore Estates Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: G S Collins
Miss N Collins





SECRETARY: G S Collins





REGISTERED OFFICE: c/o GS Collins
4A Demage Lane
Chester
Cheshire
CH2 1EL





REGISTERED NUMBER: 02133246 (England and Wales)





ACCOUNTANTS: Hatcher Hughes Limited
Cassidy House
Station Road
Chester
Cheshire
CH1 3DW

Landore Estates Limited (Registered number: 02133246)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35 35
Investment property 5 400,625 400,625
400,660 400,660

CURRENT ASSETS
Debtors 4,897 3,493
Cash at bank 167 7
5,064 3,500
CREDITORS
Amounts falling due within one year 8,925 1,736
NET CURRENT (LIABILITIES)/ASSETS (3,861 ) 1,764
TOTAL ASSETS LESS CURRENT
LIABILITIES

396,799

402,424

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 396,695 402,320
SHAREHOLDERS' FUNDS 396,799 402,424

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

Landore Estates Limited (Registered number: 02133246)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





G S Collins - Director


Landore Estates Limited (Registered number: 02133246)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Landore Estates 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Landore Estates Limited (Registered number: 02133246)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 1,373
DEPRECIATION
At 1 April 2023
and 31 March 2024 1,338
NET BOOK VALUE
At 31 March 2024 35
At 31 March 2023 35

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 400,625
NET BOOK VALUE
At 31 March 2024 400,625
At 31 March 2023 400,625

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
G S Collins
Balance outstanding at start of year 2,739 7,360
Amounts advanced 4,897 2,739
Amounts repaid (2,739 ) (7,360 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,897 2,739

Miss N Collins
Balance outstanding at start of year (1,046 ) 12,520
Amounts repaid (7,067 ) (13,566 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,113 ) (1,046 )

Landore Estates Limited (Registered number: 02133246)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Interest at the rate of 4% per annum totalling £219 (2022- £765) has been charged on the overdrawn balance during the year.

The legal ownership of the investment properties shown within fixed assets are apportioned between the company and two of the directors, G Collins and N Collins. The asset cost, related overhead expenditure and income associated with these properties are allocated in the accounts based on the appropriate proportions.The company receives rent at an open market value of £3,250 per annum each from G Collins and N Collins in respect of these properties.

7. RELATED PARTY DISCLOSURES

G Collins and N Collins have jointly provided personal guarantees covering the company's bank overdraft which was in credit at 31 March 2023 ( Overdrawn 31 March 2022 £4,437).

8. ULTIMATE CONTROLLING PARTY

The company was under the control of the two directors who are close family members owning 100% of the issued share capital of the company throughout the current and previous years.