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Registered number: 05452499
Landgate (New Homes) Limited
Financial Statements
For The Year Ended 31 May 2024
C K R
Chartered Certified Accountants
C K R House
70 East Hill
Dartford
Kent
DA1 1RZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05452499
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,312 7,655
20,312 7,655
CURRENT ASSETS
Debtors 5 50,621 38,030
Cash at bank and in hand 26,875 2,176
77,496 40,206
Creditors: Amounts Falling Due Within One Year 6 (12,078 ) (11,680 )
NET CURRENT ASSETS (LIABILITIES) 65,418 28,526
TOTAL ASSETS LESS CURRENT LIABILITIES 85,730 36,181
NET ASSETS 85,730 36,181
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 85,630 36,081
SHAREHOLDERS' FUNDS 85,730 36,181
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Permjit Sulh
Director
Mr Giles Underhill
Director
10 February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Landgate (New Homes) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05452499 . The registered office is C K R House, 70 East Hill, Dartford , Kent, DA1 1RZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% reducing balance basis
Computer Equipment 25% reducing balance basis
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 8,221 7,090 15,311
Additions 19,295 132 19,427
As at 31 May 2024 27,516 7,222 34,738
Depreciation
As at 1 June 2023 2,056 5,600 7,656
Provided during the period 6,365 405 6,770
As at 31 May 2024 8,421 6,005 14,426
Net Book Value
As at 31 May 2024 19,095 1,217 20,312
As at 1 June 2023 6,165 1,490 7,655
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,040 2,700
Other taxes and social security 1 -
Amounts owed by associates 39,580 35,330
50,621 38,030
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 157
Other taxes and social security - 1,706
VAT 8,660 3,718
Accruals 2,500 5,000
Directors' loan accounts 918 1,099
12,078 11,680
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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