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REGISTERED NUMBER: 09165965 (England and Wales)








REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE PERIOD 28 FEBRUARY 2023 TO 26 FEBRUARY 2024

FOR

LAND & PROPERTY INVESTMENT SERVICE LTD

LAND & PROPERTY INVESTMENT SERVICE LTD (REGISTERED NUMBER: 09165965)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 28 February 2023 to 26 February 2024




Page

Company Information 1

Report of the Director 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 8


LAND & PROPERTY INVESTMENT SERVICE LTD

COMPANY INFORMATION
for the Period 28 February 2023 to 26 February 2024







DIRECTOR: Mr M Harding



REGISTERED OFFICE: Britannic House
657 Liverpool Road
Irlam
Manchester
Greater Manchester
M44 5XD



REGISTERED NUMBER: 09165965 (England and Wales)



ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD



BANKERS: Lloyds TSB
45 Hustlergate
West Yorkshire
BD1 1NT

LAND & PROPERTY INVESTMENT SERVICE LTD (REGISTERED NUMBER: 09165965)

REPORT OF THE DIRECTOR
for the Period 28 February 2023 to 26 February 2024

The director presents his report with the financial statements of the company for the period 28 February 2023 to 26 February 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the period under review was that of property development.

DIRECTOR
Mr M Harding held office during the whole of the period from 28 February 2023 to the date of this report.

His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows:

26.2.24 28.2.23
Ordinary shares of £1 each 1 1

He did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr M Harding - Director


26 February 2025

LAND & PROPERTY INVESTMENT SERVICE LTD (REGISTERED NUMBER: 09165965)

BALANCE SHEET
26 February 2024

26.2.24 27.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 124,931 169,928
Investment property 5 1,550,000 1,670,000
1,674,931 1,839,928

CURRENT ASSETS
Stocks 208,634 264,143
Debtors 6 683,810 302,005
Cash at bank 14,458 5,420
906,902 571,568
CREDITORS
Amounts falling due within one year 7 (732,716 ) (462,073 )
NET CURRENT ASSETS 174,186 109,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,849,117

1,949,423

CREDITORS
Amounts falling due after more than one
year

8

(664,612

)

(770,631

)

PROVISIONS FOR LIABILITIES (210,236 ) (213,398 )
NET ASSETS 974,269 965,394

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 10 669,535 651,407
Retained earnings 304,733 313,986
SHAREHOLDERS' FUNDS 974,269 965,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 26 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 26 February 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 & PROPERTY INVESTMENT SERVICE LTD (REGISTERED NUMBER: 09165965)

BALANCE SHEET - continued
26 February 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2025 and were signed by:





Mr M Harding - Director


LAND & PROPERTY INVESTMENT SERVICE LTD (REGISTERED NUMBER: 09165965)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 28 February 2023 to 26 February 2024

1. STATUTORY INFORMATION

Land & Property Investment Service Ltd 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 as modified by the revaluation of certain assets.

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

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
Motor vehicles - 25% on reducing balance

Investment property
The investment property has been revalued to reflect current fair value at year end.

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

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

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.

LAND & PROPERTY INVESTMENT SERVICE LTD (REGISTERED NUMBER: 09165965)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 28 February 2023 to 26 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 28 February 2023
and 26 February 2024 16,292 261,422 277,714
DEPRECIATION
At 28 February 2023 9,830 97,956 107,786
Charge for period 1,336 43,661 44,997
At 26 February 2024 11,166 141,617 152,783
NET BOOK VALUE
At 26 February 2024 5,126 119,805 124,931
At 27 February 2023 6,462 163,466 169,928

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 28 February 2023 1,670,000
Disposals (170,000 )
Revaluations 50,000
At 26 February 2024 1,550,000
NET BOOK VALUE
At 26 February 2024 1,550,000
At 27 February 2023 1,670,000

Fair value at 26 February 2024 is represented by:
£   
Valuation in 2024 23,093
Valuation in 2022 209,990
Valuation in 2020 195,419
Valuation in 2019 80,254
Valuation in 2018 160,000
Valuation in 2017 184,154
Cost 697,090
1,550,000

LAND & PROPERTY INVESTMENT SERVICE LTD (REGISTERED NUMBER: 09165965)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 28 February 2023 to 26 February 2024

5. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

26.2.24 27.2.23
£    £   
Cost 697,090 840,183

Investment property was valued on open market basis on 26 February 2024 by the Director. .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.2.24 27.2.23
£    £   
Amounts owed by participating interests 677,860 270,998
Other debtors 5,950 31,007
683,810 302,005

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.2.24 27.2.23
£    £   
Bank loans and overdrafts 141,965 12,405
Hire purchase contracts 33,431 34,071
Trade creditors 2,818 55,620
Amounts owed to participating interests 10,380 3,000
Taxation and social security 60,740 53,172
Other creditors 483,382 303,805
732,716 462,073

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
26.2.24 27.2.23
£    £   
Bank loans 546,777 618,126
Hire purchase contracts 117,835 152,505
664,612 770,631

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 523,248 568,506

LAND & PROPERTY INVESTMENT SERVICE LTD (REGISTERED NUMBER: 09165965)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 28 February 2023 to 26 February 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

26.2.24 27.2.23
£    £   
Bank loans 687,659 630,531
Hire purchase contracts 151,266 186,576
838,925 817,107

The bank loans are secured on the assets to which they relate.
The hire purchase contracts are secured on the assets to which they relate.

10. RESERVES
Fair
value
reserve
£   
At 28 February 2023 651,407
Property revaluation reserve 18,128

At 26 February 2024 669,535

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Harding.