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REGISTERED NUMBER: 07527801 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 March 2024

for

Land Agents Limited

Land Agents Limited (Registered number: 07527801)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Land Agents Limited

Company Information
for the Year Ended 30 March 2024







DIRECTOR: B K Hutchinson





REGISTERED OFFICE: 11 Harrison Way
Lydney
Gloucestershire
GL15 5BN





REGISTERED NUMBER: 07527801 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Land Agents Limited (Registered number: 07527801)

Balance Sheet
30 March 2024

30.3.24 30.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 554 1,498
554 1,498

CURRENT ASSETS
Debtors 6 3,830 12,342
Cash at bank 749 749
4,579 13,091
CREDITORS
Amounts falling due within one year 7 15,630 23,093
NET CURRENT LIABILITIES (11,051 ) (10,002 )
TOTAL ASSETS LESS CURRENT LIABILITIES (10,497 ) (8,504 )

CREDITORS
Amounts falling due after more than one
year

8

41,883

40,602
NET LIABILITIES (52,380 ) (49,106 )

CAPITAL AND RESERVES
Called up share capital 320 320
Share premium 119,880 119,880
Retained earnings (172,580 ) (169,306 )
(52,380 ) (49,106 )

Land Agents Limited (Registered number: 07527801)

Balance Sheet - continued
30 March 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2024 and were signed by:





B K Hutchinson - Director


Land Agents Limited (Registered number: 07527801)

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

1. STATUTORY INFORMATION

Land Agents 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.

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.

There have been no material departures from the Financial Reporting Standard 102 1A.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

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.


Land Agents Limited (Registered number: 07527801)

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

2. ACCOUNTING POLICIES - continued
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.

Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transactions costs.

Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Going concern
The financial statements have been prepared on a going concern basis following confirmation that the director will continue to financially support the company in order to maintain its operations as necessary for the foreseeable future and at least 12 months from the date of signing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Land Agents Limited (Registered number: 07527801)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 March 2023
and 30 March 2024 91,375
AMORTISATION
At 31 March 2023
and 30 March 2024 91,375
NET BOOK VALUE
At 30 March 2024 -
At 30 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 31 March 2023
and 30 March 2024 4,168 1,132 5,300
DEPRECIATION
At 31 March 2023 2,789 1,013 3,802
Charge for year 825 119 944
At 30 March 2024 3,614 1,132 4,746
NET BOOK VALUE
At 30 March 2024 554 - 554
At 30 March 2023 1,379 119 1,498

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 30.3.23
£    £   
Other debtors 3,830 12,342

Land Agents Limited (Registered number: 07527801)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 30.3.23
£    £   
Bank loans and overdrafts 11,647 11,647
Other creditors 3,983 11,446
15,630 23,093

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.3.24 30.3.23
£    £   
Bank loans 41,883 40,602

Included in bank loans is a balance of £52,531 (2023 - £51,250) which is guaranteed by the government and unsecured.

9. RELATED PARTY DISCLOSURES

Loans from related parties



Key
management


Total
2024 £ £
At start of period 10,330 10,330
Advanced 1,049 1,049
Repaid (8,512 ) (8,512 )
At end of period 2,867 2,867


Key
management


Total
2023 £ £
At start of period - -
Advanced 10,473 10,473
Repaid (143 ) (143 )
At end of period 10,330 10,330

Loans from key management are interest free and repayable on demand.

Land Agents Limited (Registered number: 07527801)

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

9. RELATED PARTY DISCLOSURES - continued

Loans to related parties



Key
management


Total
2024 £ £
At start of period - -
Advanced - -
Repaid - -
At end of period - -


Key
management


Total
2023 £ £
At start of period 16,346 16,346
Advanced - -
Repaid (16,346 ) (16,346 )
At end of period - -

Loans to key management are repayable on demand and interest is charged on loan balances owing to the company that exceed £10,000. Interest is charged at the HMRC prevailing rate.