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COMPANY REGISTRATION NUMBER: 09263505
LAND AND HOME DEVELOPMENTS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
25 March 2024
LAND AND HOME DEVELOPMENTS LIMITED
STATEMENT OF FINANCIAL POSITION
25 March 2024
2024
2023
Note
£
£
£
£
CURRENT ASSETS
Debtors
4
70,591
81,793
Cash at bank and in hand
138
262
--------
--------
70,729
82,055
CREDITORS: amounts falling due within one year
5
( 49,603)
( 42,921)
--------
--------
NET CURRENT ASSETS
21,126
39,134
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
21,126
39,134
CREDITORS: amounts falling due after more than one year
6
( 33,957)
( 39,513)
--------
--------
NET LIABILITIES
( 12,831)
( 379)
--------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 12,931)
( 479)
--------
----
SHAREHOLDERS DEFICIT
( 12,831)
( 379)
--------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 25 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
LAND AND HOME DEVELOPMENTS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
25 March 2024
These financial statements were approved by the board of directors and authorised for issue on 26 November 2024 , and are signed on behalf of the board by:
N C Statman
Director
Company registration number: 09263505
LAND AND HOME DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 25 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements have been prepared on the going concern basis. The director considers the going concern basis to be appropriate as he has confirmed he ongoing support. The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. DEBTORS
2024
2023
£
£
Other debtors
70,591
81,793
--------
--------
5. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
5,556
5,556
Trade creditors
493
3,735
Amounts due to related companies
41,220
32,226
Other creditors
2,334
1,404
--------
--------
49,603
42,921
--------
--------
6. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
33,957
39,513
--------
--------