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REGISTERED NUMBER: 04295774 (England and Wales)











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 5 228,060 270,977
Investments 6 222,632 197,165
450,692 468,142

Current assets
Stocks 2,515 7,368
Debtors 7 105,819 84,846
Cash at bank and in hand 229,179 199,473
337,513 291,687
Creditors
Amounts falling due within one year 8 539,851 528,486
Net current liabilities (202,338 ) (236,799 )
Total assets less current liabilities 248,354 231,343

Provisions for liabilities 10 57,015 51,486
Net assets 191,339 179,857

Capital and reserves
Called up share capital 11 112 112
Share premium 25,574 25,574
Fair value reserve 12 35,724 (17,017 )
Retained earnings 129,929 171,188
Shareholders' funds 191,339 179,857

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 DEVELOPMENT SERVICES LIMITED (REGISTERED NUMBER: 04295774)

BALANCE SHEET - continued
31 AUGUST 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 comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2025 and were signed on its behalf by:





Mr P T F Collings - Director


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
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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 12 (2023 - 10 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 September 2023
and 31 August 2024 82,000
Amortisation
At 1 September 2023
and 31 August 2024 82,000
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 854,600 - 105,759 960,359
Additions 87,338 9,179 - 96,517
Disposals (440,860 ) (63,573 ) (5,850 ) (510,283 )
Reclassification/transfer (78,415 ) 78,415 - -
At 31 August 2024 422,663 24,021 99,909 546,593
Depreciation
At 1 September 2023 622,449 - 66,933 689,382
Charge for year 63,216 3,243 9,560 76,019
Eliminated on disposal (394,167 ) (47,436 ) (5,265 ) (446,868 )
Reclassification/transfer (58,486 ) 58,486 - -
At 31 August 2024 233,012 14,293 71,228 318,533
Net book value
At 31 August 2024 189,651 9,728 28,681 228,060
At 31 August 2023 232,151 - 38,826 270,977

6. Fixed asset investments
Other
investments
£   
Cost or valuation
At 1 September 2023 197,165
Revaluations 25,467
At 31 August 2024 222,632
Net book value
At 31 August 2024 222,632
At 31 August 2023 197,165

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 58,327 36,535
Other debtors 29,988 25,988
Prepayments and accrued income 17,504 22,323
105,819 84,846

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 4,104 3,551
Amounts owed to group undertakings 349,625 349,625
Tax 74,333 28,078
Social security and other taxes 16,994 20,095
VAT 62,006 34,617
Other creditors 29,539 72,841
Directors' current accounts - 17,600
Accruals and deferred income 3,250 2,079
539,851 528,486

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 20,000 24,000
Between one and five years 58,333 94,000
78,333 118,000

10. Provisions for liabilities
2024 2023
£    £   
Deferred tax 57,015 51,486

Deferred
tax
£   
Balance at 1 September 2023 51,486
Charge to Income statement during year 5,529
Balance at 31 August 2024 57,015

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 ordinary A 1p 100 100
555 ordinary B 1p 6 6
555 ordinary C 1p 6 6
112 112

12. Reserves
Fair
value
reserve
£   
At 1 September 2023 (17,017 )
Revaluations 25,467
Taxation (11,908 )
Transfer from retained earnings 39,182

At 31 August 2024 35,724

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.