Landslide Limited 03825911 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is that of property letting. Digita Accounts Production Advanced 6.30.9574.0 true true 03825911 2023-09-01 2024-08-31 03825911 2024-08-31 03825911 bus:Director1 1 2024-08-31 03825911 core:CurrentFinancialInstruments 2024-08-31 03825911 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 03825911 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-31 03825911 bus:SmallEntities 2023-09-01 2024-08-31 03825911 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 03825911 bus:FilletedAccounts 2023-09-01 2024-08-31 03825911 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 03825911 bus:RegisteredOffice 2023-09-01 2024-08-31 03825911 bus:Director1 2023-09-01 2024-08-31 03825911 bus:Director1 1 2023-09-01 2024-08-31 03825911 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03825911 countries:AllCountries 2023-09-01 2024-08-31 03825911 2023-08-31 03825911 bus:Director1 1 2023-08-31 03825911 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 03825911 2022-09-01 2023-08-31 03825911 2023-08-31 03825911 bus:Director1 1 2023-08-31 03825911 core:CurrentFinancialInstruments 2023-08-31 03825911 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 03825911 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 03825911 bus:Director1 1 2022-09-01 2023-08-31 03825911 bus:Director1 1 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 03825911

Landslide Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Landslide Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

Landslide Limited

(Registration number: 03825911)
Statement of Financial Position as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

987,500

987,500

Current assets

 

Debtors

5

1,716

1,804

Cash at bank and in hand

 

49,147

61,408

 

50,863

63,212

Creditors: Amounts falling due within one year

6

(51,826)

(83,626)

Net current liabilities

 

(963)

(20,414)

Net assets

 

986,537

967,086

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

439,358

439,358

Profit and loss account

547,079

527,628

Shareholders' funds

 

986,537

967,086

For the financial year ending 31 August 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his 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.

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 director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 15 November 2024
 


Mr M Diplock
Director

 

Landslide Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

Principal activity

The principal activity of the company was that of property letting.
 

The address of its registered office is:
Dowlands Cottage
Rousdon
Lyme Regis
Dorset
DT7 3XB

2

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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

Landslide Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

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 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 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.

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.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

 

Landslide Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 September 2023

987,500

987,500

At 31 August 2024

987,500

987,500

Carrying amount

At 31 August 2024

987,500

987,500

At 31 August 2023

987,500

987,500

Included within the net book value of land and buildings above is £987,500 (2023 - £987,500) in respect of freehold land and buildings.
 

5

Debtors

2024
£

2023
£

Prepayments

1,716

1,804

1,716

1,804

 

Landslide Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

4,562

4,360

Other creditors

47,264

79,266

51,826

83,626

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.


Revaluation reserve:

This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income.
 

 

Landslide Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

8

Related party transactions

Transactions with the director

2024

At 1 September 2023
£

Advances to director
£

At 31 August 2024
£

Mr M Diplock

Director

(77,588)

32,115

(45,473)

       
     

 

2023

At 1 September 2022
£

Advances to director
£

At 31 August 2023
£

Mr M Diplock

Director

(123,642)

46,054

(77,588)