REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 |
FOR |
LAND DEVELOPMENT SERVICES LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 |
FOR |
LAND DEVELOPMENT SERVICES LIMITED |
LAND DEVELOPMENT SERVICES LIMITED (REGISTERED NUMBER: 04295774) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2024 |
Page |
Balance sheet | 1 |
Notes to the financial statements | 3 |
LAND DEVELOPMENT SERVICES LIMITED (REGISTERED NUMBER: 04295774) |
BALANCE SHEET |
31 AUGUST 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
Current assets |
Stocks |
Debtors | 7 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 8 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Provisions for liabilities | 10 |
Net assets |
Capital and reserves |
Called up share capital | 11 |
Share premium |
Fair value reserve | 12 | ( |
) |
Retained earnings |
Shareholders' funds |
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 DEVELOPMENT SERVICES LIMITED (REGISTERED NUMBER: 04295774) |
BALANCE SHEET - continued |
31 AUGUST 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
LAND DEVELOPMENT SERVICES LIMITED (REGISTERED NUMBER: 04295774) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2024 |
1. | Statutory information |
Land Development Services Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04295774. The registered office and business address is Apothecary House, 32 Fowlers Road, Salisbury, Wiltshire, England, SP1 2QU. |
2. | Accounting policies |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Land Development Services Limited as an individual company. The company is a subsidiary and the parent company has taken the option under S399 of the Companies Act 2006 not to prepare consolidated financial statements. |
Turnover |
Turnover represents amounts receivable, excluding value added tax, in respect of services provided in the ordinary course of business. Turnover is recognised when the service has been provided to the customer. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, was being amortised evenly over its estimated useful life of five years. It is now fully amortised. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Stocks |
Stock and Work In Progress are valued at the lower of cost and net realisable value. |
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. |
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. |
LAND DEVELOPMENT SERVICES LIMITED (REGISTERED NUMBER: 04295774) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2024 |
2. | Accounting policies - continued |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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. |
Financial instruments |
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities. |
At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
Investments |
Fixed asset listed investments are stated at fair value. Any unrealised surplus on revaluation is taken to the Statement of Total Comprehensive Income. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Intangible fixed assets |
Goodwill |
£ |
Cost |
At 1 September 2023 |
and 31 August 2024 |
Amortisation |
At 1 September 2023 |
and 31 August 2024 |
Net book value |
At 31 August 2024 |
At 31 August 2023 |
LAND DEVELOPMENT SERVICES LIMITED (REGISTERED NUMBER: 04295774) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2024 |
5. | Tangible fixed assets |
Fixtures |
Plant and | and | Motor |
machinery | fittings | vehicles | Totals |
£ | £ | £ | £ |
Cost |
At 1 September 2023 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
Reclassification/transfer | ( |
) |
At 31 August 2024 |
Depreciation |
At 1 September 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
Reclassification/transfer | ( |
) |
At 31 August 2024 |
Net book value |
At 31 August 2024 |
At 31 August 2023 |
6. | Fixed asset investments |
Other |
investments |
£ |
Cost or valuation |
At 1 September 2023 |
Revaluations |
At 31 August 2024 |
Net book value |
At 31 August 2024 |
At 31 August 2023 |
LAND DEVELOPMENT SERVICES LIMITED (REGISTERED NUMBER: 04295774) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2024 |
6. | Fixed asset investments - continued |
Cost or valuation at 31 August 2024 is represented by: |
Other |
investments |
£ |
Valuation in 2016 | (3,212 | ) |
Valuation in 2017 | 3,775 |
Valuation in 2018 | 1,086 |
Valuation in 2019 | 4,427 |
Valuation in 2020 | 3,297 |
Valuation in 2021 | 36,475 |
Valuation in 2022 | (22,985 | ) |
Valuation in 2023 | (387 | ) |
Valuation in 2024 | 25,156 |
Cost | 175,000 |
222,632 |
The listed investments were valued on an open market basis on 31 August 2024 based on the total bond value at that date. |
7. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
8. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
VAT | 62,006 | 34,617 |
Other creditors |
Directors' current accounts | - | 17,600 |
Accruals and deferred income |
LAND DEVELOPMENT SERVICES LIMITED (REGISTERED NUMBER: 04295774) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2024 |
9. | Leasing agreements |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
10. | Provisions for liabilities |
2024 | 2023 |
£ | £ |
Deferred tax | 57,015 | 51,486 |
Deferred |
tax |
£ |
Balance at 1 September 2023 |
Charge to Income statement during year |
Balance at 31 August 2024 |
11. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
ordinary A | 1p | 100 | 100 |
ordinary B | 1p | 6 | 6 |
ordinary C | 1p | 6 | 6 |
112 | 112 |
12. | Reserves |
Fair |
value |
reserve |
£ |
At 1 September 2023 | ( |
) |
Revaluations | 25,467 |
Taxation | (11,908 | ) |
Transfer from retained earnings | 39,182 |
At 31 August 2024 |
13. | Ultimate controlling party |
The company is ultimately controlled by the director, Mr P T F Collings, by virtue of his 100% holding in the voting share capital of the parent company, PTJS Holidngs Ltd (including spouse's interests), which holds 90% of the issue share capital. |