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REGISTERED NUMBER: 11373111 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Land Quest UK (Southern) Limited

Land Quest UK (Southern) Limited (Registered number: 11373111)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Land Quest UK (Southern) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: D J Harman
Miss J Carpenter





REGISTERED OFFICE: 24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ





REGISTERED NUMBER: 11373111 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

Land Quest UK (Southern) Limited (Registered number: 11373111)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,347 20,549

CURRENT ASSETS
Stocks 307,279 369,961
Debtors 5 76,136 8,610
Cash at bank 59,276 20,493
442,691 399,064
CREDITORS
Amounts falling due within one year 6 181,848 413,124
NET CURRENT ASSETS/(LIABILITIES) 260,843 (14,060 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,190

6,489

CREDITORS
Amounts falling due after more than one
year

7

(2,350

)

(4,653

)

PROVISIONS FOR LIABILITIES (17,587 ) (1,482 )
NET ASSETS 311,253 354

CAPITAL AND RESERVES
Called up share capital 8 102 101
Retained earnings 311,151 253
SHAREHOLDERS' FUNDS 311,253 354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Land Quest UK (Southern) Limited (Registered number: 11373111)

Balance Sheet - continued
31 May 2024


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 Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





D J Harman - Director


Land Quest UK (Southern) Limited (Registered number: 11373111)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Land Quest UK (Southern) 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.

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.

Significant judgements and estimates
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.

Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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 balance sheet date.


Land Quest UK (Southern) Limited (Registered number: 11373111)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 982 25,000 6,000 31,982
Additions 6,042 75,311 4,200 85,553
Disposals - (25,000 ) - (25,000 )
At 31 May 2024 7,024 75,311 10,200 92,535
DEPRECIATION
At 1 June 2023 225 5,208 6,000 11,433
Charge for year 1,192 13,983 788 15,963
Eliminated on disposal - (5,208 ) - (5,208 )
At 31 May 2024 1,417 13,983 6,788 22,188
NET BOOK VALUE
At 31 May 2024 5,607 61,328 3,412 70,347
At 31 May 2023 757 19,792 - 20,549

Land Quest UK (Southern) Limited (Registered number: 11373111)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2023 25,000
Disposals (25,000 )
At 31 May 2024 -
DEPRECIATION
At 1 June 2023 5,208
Eliminated on disposal (5,208 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 19,792

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 13,932 6,480
Other debtors 62,204 2,130
76,136 8,610

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 2,300 2,254
Hire purchase contracts - 16,000
Trade creditors 6,624 17,354
Taxation and social security 134,897 539
Other creditors 38,027 376,977
181,848 413,124

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 2,350 4,653

Land Quest UK (Southern) Limited (Registered number: 11373111)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100
1 'B' £1 1 1
1 'C' £1 1 -
102 101

During the period one ordinary C share was issued at par value.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
D J Harman
Balance outstanding at start of year (103,292 ) (94,337 )
Amounts advanced 269,672 -
Amounts repaid (116,000 ) (8,955 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,380 (103,292 )

Miss J Carpenter
Balance outstanding at start of year (15,131 ) (15,131 )
Amounts advanced 13,714 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,417 ) (15,131 )

At the year end the company was owed £48,963 (2023: owed to £ 118,423) by the directors.

Land Quest UK (Southern) Limited

Report of the Accountants to the Directors of
Land Quest UK (Southern) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................