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REGISTERED NUMBER: NI602984 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

LANDSCAPE ENTERPRISE LIMITED

LANDSCAPE ENTERPRISE LIMITED (REGISTERED NUMBER: NI602984)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


LANDSCAPE ENTERPRISE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: G Wall
Mrs H Wall





REGISTERED OFFICE: 17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG





REGISTERED NUMBER: NI602984 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG

LANDSCAPE ENTERPRISE LIMITED (REGISTERED NUMBER: NI602984)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,638,935 2,721,284
2,638,935 2,721,284

CURRENT ASSETS
Stocks 120,482 108,497
Debtors 6 1,224,083 930,230
Cash at bank 257,694 301,551
1,602,259 1,340,278
CREDITORS
Amounts falling due within one year 7 2,020,031 1,748,745
NET CURRENT LIABILITIES (417,772 ) (408,467 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,221,163

2,312,817

CREDITORS
Amounts falling due after more than one
year

8

(1,260,089

)

(1,464,082

)

PROVISIONS FOR LIABILITIES (173,723 ) (137,624 )
NET ASSETS 787,351 711,111

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 787,341 711,101
SHAREHOLDERS' FUNDS 787,351 711,111

LANDSCAPE ENTERPRISE LIMITED (REGISTERED NUMBER: NI602984)

BALANCE SHEET - continued
30 APRIL 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 authorised for issue by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





Mrs H Wall - Director


LANDSCAPE ENTERPRISE LIMITED (REGISTERED NUMBER: NI602984)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Landscape Enterprise Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The address of the company's place of business is 97 Crumlin Road, Belfast, BT14 6AD.

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
In preparing these financial statements the director has made the following judgements:

Determine whether there are indicators of impairment of the company's intangible and tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the assets and the business in general.

Consider the valuation of stock and the requirement for write down provisions. These considerations are undertaken regularly by the director, and especially at the year end date. Factors taken into account include historical experience and knowledge of the sector. Stock identified as impaired will be written down in value in the relevant period.

The director also considers the depreciation and amortisation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remains reasonable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures, fittings & equipment - 20% 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.

LANDSCAPE ENTERPRISE LIMITED (REGISTERED NUMBER: NI602984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors
Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

- Loans and borrowings
All loans and borrowings are initially recorded at the present value of cash payable to the lender in settlement of the liability discounted at the market interest rate. Subsequently loans and borrowings are stated at amortised cost using the effective interest rate method. The computation of amortised cost includes any issue costs, transaction costs and fees, and any discount or premium on settlement, and the effect of this is to amortise these amounts over the expected borrowing period. Loans with no stated interest rate and repayable within one period or on demand are not amortised. Loans and borrowings are classified as current liabilities unless the borrower has an unconditional right to defer settlement of the liability for at least 12 months after the financial period end date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2023 - 46 ) .

LANDSCAPE ENTERPRISE LIMITED (REGISTERED NUMBER: NI602984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 350,000
AMORTISATION
At 1 May 2023
and 30 April 2024 350,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures,
Freehold fittings
property & equipment Totals
£    £    £   
COST
At 1 May 2023 2,655,857 303,403 2,959,260
Additions 4,900 30,387 35,287
At 30 April 2024 2,660,757 333,790 2,994,547
DEPRECIATION
At 1 May 2023 161,529 76,447 237,976
Charge for year 53,199 64,437 117,636
At 30 April 2024 214,728 140,884 355,612
NET BOOK VALUE
At 30 April 2024 2,446,029 192,906 2,638,935
At 30 April 2023 2,494,328 226,956 2,721,284

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed by related parties 1,098,290 697,905
Other Loans 31,530 73,487
Prepayments 94,263 158,838
1,224,083 930,230

LANDSCAPE ENTERPRISE LIMITED (REGISTERED NUMBER: NI602984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 120,840 120,840
Trade creditors 464,963 425,545
Amounts owed to related parties 837,123 785,792
Taxation and social security 161,298 116,077
Other creditors 435,807 300,491
2,020,031 1,748,745

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 538,551 612,545
Other creditors 721,538 851,537
1,260,089 1,464,082

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after 5 years by installment 58,137 111,985

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 659,391 733,385
Henderson Loan 753,843 -
1,413,234 733,385

The AIB loan is secured on all property known as 95 Crumlin Road, Belfast. and all the freehold land comprising part of the land in the townland of townparks, being to the east of clifton park, Belfast. The loan also contains a fixed and floating charge that covers all property or undertaking of the company.

The Henderson loan is secured on all lands, premises and buildings thereon comprised in that part of folio AN258319 County Antrim and contains a fixed and floating charge over all property or undertaking of the company.

10. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Landscape Enterprise Holding Limited, a company incorporated in Northern Ireland.

The ultimate controlling parties are Mr G Wall and Mrs H Wall by virtue of their shareholding.