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REGISTERED NUMBER: 07038436 (England and Wales)
















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Land & County Development Limited

Land & County Development Limited (Registered number: 07038436)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Land & County Development Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S J Vallance





REGISTERED OFFICE: Old Bell Cottage
Langley Upper Green
Saffron Walden
Essex
CB11 4RU





REGISTERED NUMBER: 07038436 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Land & County Development Limited (Registered number: 07038436)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,451 29,242

CURRENT ASSETS
Stocks 5 672,055 16,800
Debtors 6 43,604 21,304
Cash at bank 440,495 1,309,049
1,156,154 1,347,153
CREDITORS
Amounts falling due within one year 7 22,283 70,073
NET CURRENT ASSETS 1,133,871 1,277,080
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,156,322

1,306,322

CREDITORS
Amounts falling due after more than one
year

8

(14,035

)

(18,505

)

PROVISIONS FOR LIABILITIES (5,612 ) (7,311 )
NET ASSETS 1,136,675 1,280,506

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 1,136,674 1,280,505
SHAREHOLDERS' FUNDS 1,136,675 1,280,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 & County Development Limited (Registered number: 07038436)

Balance Sheet - continued
30 June 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 director and authorised for issue on 22 January 2025 and were signed by:





S J Vallance - Director


Land & County Development Limited (Registered number: 07038436)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Land & County Development 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.

Turnover
Turnover represents sales of residential properties, excluding value added tax. Revenue is recognised on exchange of contracts.

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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair 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
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 & County Development Limited (Registered number: 07038436)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 3,677 777 42,489 1,687 48,630
Additions 698 - - - 698
At 30 June 2024 4,375 777 42,489 1,687 49,328
DEPRECIATION
At 1 July 2023 2,783 654 14,369 1,582 19,388
Charge for year 363 31 7,030 65 7,489
At 30 June 2024 3,146 685 21,399 1,647 26,877
NET BOOK VALUE
At 30 June 2024 1,229 92 21,090 40 22,451
At 30 June 2023 894 123 28,120 105 29,242

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 36,474
DEPRECIATION
At 1 July 2023 11,929
Charge for year 6,136
At 30 June 2024 18,065
NET BOOK VALUE
At 30 June 2024 18,409
At 30 June 2023 24,545

Land & County Development Limited (Registered number: 07038436)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. STOCKS
30.6.24 30.6.23
£    £   
Stocks 672,055 16,800

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Directors' loan accounts 32,751 8,533
Tax 3,237 -
VAT 6,049 1,982
Prepayments 1,567 10,789
43,604 21,304

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts (see note 9) 4,470 4,470
Trade creditors 12,567 619
Tax - 60,314
Social security and other taxes 730 -
Other creditors 858 1,001
Accrued expenses 3,658 3,669
22,283 70,073

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts (see note 9) 14,035 18,505

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.6.24 30.6.23
£    £   
Net obligations repayable:
Within one year 4,470 4,470
Between one and five years 14,035 18,505
18,505 22,975

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1 Ordinary £1 1 1