Registration number:
Landau Investments (1978) Limited
for the Year Ended 30 June 2024
Landau Investments (1978) Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Landau Investments (1978) Limited
Company Information
Directors |
C S Landau J E Landau M P A Landau |
Registered office |
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Accountants |
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Landau Investments (1978) Limited
(Registration number: 01369243)
Balance Sheet as at 30 June 2024
Note |
2024 |
2023 |
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Fixed assets |
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Investment properties |
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Investments |
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Current assets |
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Debtors |
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Investments |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
15,000 |
15,000 |
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Share premium |
502,605 |
502,605 |
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Profit and loss account |
3,091,739 |
3,121,312 |
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Shareholders' funds |
3,609,344 |
3,638,917 |
For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Landau Investments (1978) Limited
(Registration number: 01369243)
Balance Sheet as at 30 June 2024
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Landau Investments (1978) Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Landau Investments (1978) Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Investment properties
Investments in associates
Investments in associate undertakings are recognised at cost.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Landau Investments (1978) Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Taxation |
Tax charged/(credited) in the profit and loss account
2024 |
2023 |
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Current taxation |
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UK corporation tax |
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Deferred taxation |
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Arising from origination and reversal of timing differences |
( |
( |
Tax expense in the profit and loss account |
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Deferred tax
Investment properties |
2024 |
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At 1 July 2023 |
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Disposals |
( |
Fair value adjustments |
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At 30 June 2024 |
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Landau Investments (1978) Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
The investment properties were valued on a fair value basis on 30 June 2024 by the directors of the company.
If the investment properties had not been revalued, they would have been included at historical cost of £205,035 (2023 - £556,293).
Fixed asset investments |
2024 |
2023 |
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Other investments |
- |
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Interest in associate |
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Debtors |
2024 |
2023 |
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Trade debtors |
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Prepayments and accrued income |
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Other debtors |
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Details of non-current trade and other debtors
Included within Other debtors is the sum of £52,556 (2023 - £52,556) falling due after more than one year.
Current asset investments |
2024 |
2023 |
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Listed investments |
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The above listed investments are stated at fair value. The historical cost of the listed investments, at the balance sheet date, was £1,203,559 (2023 - £527,351).
Landau Investments (1978) Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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15,000 |
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15,000 |
11 Directors' advances, credits and guarantees
The balance due from Mr M P A Landau, one of the company's directors, as at the balance sheet date, was £38,000 (2023 - £38,000).
12 Related party disclosures
Included in Other debtors is a loan, of £559,000 (2023 - £560,000), on mortgage to C.B.L. (Property Investment) Co Limited, a company which has directors in common with Landau Investments (1978) Limited. The loan carries a commercial rate of interest and, during the year, the sum of £39,288 (2023 - £29,147) was credited to the Profit and Loss account.
Landau Investments (1978) Limited
13 Retained earnings
The amount of Retained Earnings not being distributable, as at the balance sheet date, amounted to £1,400,000 (2023 - 1,758,347).