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REGISTERED NUMBER: 10403342 (England and Wales)















Landmore Developments Limited

Unaudited Financial Statements for the Year Ended 30 September 2024






Landmore Developments Limited (Registered number: 10403342)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Landmore Developments Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: R Anderson
Mrs S M Anderson



REGISTERED OFFICE: Greenbanks
Lodes Lane
Kingston St Mary
Taunton
Somerset
TA2 8HU



REGISTERED NUMBER: 10403342 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Barclays Bank plc
Business Direct
Processing Branch
High Street
Coventry
CV1 5QZ

Landmore Developments Limited (Registered number: 10403342)

Abridged Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 80 125
Investment property 6 1,062,160 1,062,160
1,062,240 1,062,285

CURRENT ASSETS
Stocks 60,297 60,297
Cash at bank 18,627 12,249
78,924 72,546
CREDITORS
Amounts falling due within one year 551,982 534,865
NET CURRENT LIABILITIES (473,058 ) (462,319 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

589,182

599,966

CREDITORS
Amounts falling due after more than one
year

(5,400

)

(9,000

)

PROVISIONS FOR LIABILITIES 8 (96,258 ) (73,165 )
NET ASSETS 487,524 517,801

CAPITAL AND RESERVES
Called up share capital 9 100 100
Non distributable reserve 288,715 311,811
Retained earnings 198,709 205,890
SHAREHOLDERS' FUNDS 487,524 517,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Landmore Developments Limited (Registered number: 10403342)

Abridged Statement of Financial Position - continued
30 September 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 Statement of Financial Position for the year ended 30 September 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 14 November 2024 and were signed on its behalf by:





R Anderson - Director


Landmore Developments Limited (Registered number: 10403342)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Landmore Developments 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis which assumes the continued support of the director, Mr R Anderson, by virtue of fact that he was the company's largest creditor.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.


Landmore Developments Limited (Registered number: 10403342)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 7,321
DEPRECIATION
At 1 October 2023 7,196
Charge for year 45
At 30 September 2024 7,241
NET BOOK VALUE
At 30 September 2024 80
At 30 September 2023 125

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 1,062,160
NET BOOK VALUE
At 30 September 2024 1,062,160
At 30 September 2023 1,062,160

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2018 384,952
Valuation in 2017 677,208
1,062,160

Landmore Developments Limited (Registered number: 10403342)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,600 3,600

Amounts falling due between one and two years:
Bank loans 3,600 3,600

Amounts falling due between two and five years:
Bank loans 1,800 5,400

8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 96,258 73,165

Deferred
tax
£   
Balance at 1 October 2023 73,165
Charge to Income Statement during year 23,093
Balance at 30 September 2024 96,258

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
60 Ordinary £1 60 60
40 B Ordinary £1 40 40
100 100

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Anderson.