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REGISTERED NUMBER: 02953671 (England and Wales)















LAND AND PROPERTY INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






LAND AND PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 02953671)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LAND AND PROPERTY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P V Keenan
D C Keenan
R S McDonald
C N Sime
R D Keenan





SECRETARY: S A Keenan





REGISTERED OFFICE: Office 1, First Floor
Post Office House
Corporation Street
Hyde
Cheshire
SK14 1AB





REGISTERED NUMBER: 02953671 (England and Wales)





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

LAND AND PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 02953671)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 202,625 203,479
Investment property 5 1,840,000 1,840,000
2,042,625 2,043,479

CURRENT ASSETS
Debtors 6 26,270 23,881
Cash at bank 67,265 77,036
93,535 100,917
CREDITORS
Amounts falling due within one year 7 227,819 248,983
NET CURRENT LIABILITIES (134,284 ) (148,066 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,908,341

1,895,413

CREDITORS
Amounts falling due after more than one
year

8

(400,000

)

(400,000

)

PROVISIONS FOR LIABILITIES 11 (138,090 ) (138,021 )
NET ASSETS 1,370,251 1,357,392

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 1,370,151 1,357,292
SHAREHOLDERS' FUNDS 1,370,251 1,357,392

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 AND PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 02953671)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2024 and were signed on its behalf by:





D C Keenan - Director


LAND AND PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 02953671)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Land and Property Investments 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.

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 as modified by the revaluation of certain assets.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover represents rental income excluding value added tax. Rental income is recognised in the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 15 years
Computer equipment - 33% on cost

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 AND PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 02953671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 279,522 95 1,736 281,353
Additions 19,705 - - 19,705
At 31 March 2024 299,227 95 1,736 301,058
DEPRECIATION
At 1 April 2023 76,831 - 1,043 77,874
Charge for year 19,948 32 579 20,559
At 31 March 2024 96,779 32 1,622 98,433
NET BOOK VALUE
At 31 March 2024 202,448 63 114 202,625
At 31 March 2023 202,691 95 693 203,479

LAND AND PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 02953671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,840,000
NET BOOK VALUE
At 31 March 2024 1,840,000
At 31 March 2023 1,840,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 1,840,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,295,413 1,295,413

Investment property was valued on an open market basis on 31 March 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,355 12,393
Directors' current accounts 20,915 11,488
26,270 23,881

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 75,000 75,000
Amounts owed to related parties 111,193 126,869
Corporation tax 12,069 17,842
Social security and other taxes 397 111
VAT 8,852 10,071
Directors' current accounts 713 986
Accruals and deferred income 19,595 18,104
227,819 248,983

LAND AND PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 02953671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 400,000 400,000

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 75,000 75,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 400,000 400,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 475,000 475,000

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 138,090 138,021

Deferred
tax
£   
Balance at 1 April 2023 138,021
Charge to Statement of Income and Retained Earnings during year 69
Balance at 31 March 2024 138,090

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

LAND AND PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 02953671)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
P V Keenan
Balance outstanding at start of year 8,853 8,692
Amounts advanced 9,083 161
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,936 8,853

R D Keenan
Balance outstanding at start of year 2,634 2,532
Amounts advanced 345 102
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,979 2,634

14. RELATED PARTY DISCLOSURES

The Red Architectural Pension Scheme
P V Keenan, S A Keenan and D C Keenan are trustees and beneficiaries of the pension scheme.

At the balance sheet date the company owed £111,193 (2023: £126,869) to the pension scheme.

15. ULTIMATE CONTROLLING PARTY

The company is not controlled by any one party.