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Registration number: 09128020

Landmarks Sustainability Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

image-name
 

Landmarks Sustainability Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 13

 

Landmarks Sustainability Limited

Company Information

Directors

Mr Julian Dominic Hulse

Mr Lukasz Andrzej Grzechnik

Ms Tessa Marie Mzouri

Ms Rosemary Hammond

Registered office

Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

Accountants

Lucraft Hodgson & Dawes LLP
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF

 

Landmarks Sustainability Limited

(Registration number: 09128020)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed Assets

 

Intangible assets

4

155,000

310,000

Tangible Assets

5

58,428

26,736

 

213,428

336,736

Current assets

 

Debtors

6

444,240

395,053

Cash at bank and in hand

 

180,486

206,789

 

624,726

601,842

Creditors: Amounts falling due within one year

7

(587,413)

(539,756)

Net current assets

 

37,313

62,086

Total assets less current liabilities

 

250,741

398,822

Creditors: Amounts falling due after more than one year

7

(17,822)

-

Provisions for liabilities

(14,607)

(6,684)

Net assets

 

218,312

392,138

Capital and Reserves

 

Called up share capital

100

100

Retained Earnings

218,212

392,038

Shareholders' funds

 

218,312

392,138

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Landmarks Sustainability Limited

(Registration number: 09128020)
Balance Sheet as at 31 May 2024

Approved and authorised by the Board on 26 February 2025 and signed on its behalf by:
 

.........................................
Mr Julian Dominic Hulse
Director

.........................................
Ms Rosemary Hammond
Director

.........................................
Mr Lukasz Andrzej Grzechnik
Director

.........................................
Ms Tessa Marie Mzouri
Director

     
 

Landmarks Sustainability Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Ground Floor
19 New Road
Brighton
East Sussex
BN1 1UF
England

The principal place of business is:
PO Box 7802
Hungerford
Berkshire
RG17 1DZ

These financial statements were authorised for issue by the Board on 26 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company.

Going concern

The financial statements have been prepared on a going concern basis.

 

Landmarks Sustainability Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

Computer equipment

33% on cost

Motor Vehicles

25% on reducing balance

 

Landmarks Sustainability Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Landmarks Sustainability Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Landmarks Sustainability Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 24 (2023 - 27).

 

Landmarks Sustainability Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 June 2023

1,550,000

1,550,000

At 31 May 2024

1,550,000

1,550,000

Amortisation

At 1 June 2023

1,240,000

1,240,000

Amortisation charge

155,000

155,000

At 31 May 2024

1,395,000

1,395,000

Carrying amount

At 31 May 2024

155,000

155,000

At 31 May 2023

310,000

310,000

5

Tangible Assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2023

38,595

12,424

45,143

96,162

Additions

5,708

46,249

-

51,957

At 31 May 2024

44,303

58,673

45,143

148,119

Depreciation

At 1 June 2023

30,408

5,435

33,583

69,426

Charge for the year

4,065

13,310

2,890

20,265

At 31 May 2024

34,473

18,745

36,473

89,691

Carrying amount

At 31 May 2024

9,830

39,928

8,670

58,428

At 31 May 2023

8,187

6,989

11,560

26,736

 

Landmarks Sustainability Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

6

Debtors

Current

2024
£

2023
£

Trade Debtors

437,519

391,368

Prepayments

2,190

2,361

Other debtors

4,531

1,324

 

444,240

395,053

 

Landmarks Sustainability Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
 £

2023
 £

Due within one year

 

Loans and borrowings

8

5,851

1,031

Trade Creditors

 

255,774

224,289

Social security and other taxes

 

145,750

137,854

Outstanding defined contribution pension costs

 

1,265

1,340

Other payables

 

12,339

13,832

Accrued expenses

 

78,829

81,553

Corporation tax liability

58,327

66,377

Payments on account

 

29,278

13,480

 

587,413

539,756

Due after one year

 

Loans and borrowings

8

17,822

-

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

17,822

-

 

Landmarks Sustainability Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

17,822

-

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

5,851

-

Other borrowings

-

1,031

5,851

1,031

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £8,846 (2023 - £20,690). Financial commitments relate to operating lease payments committed to be paid after the balance sheet date.

 

Landmarks Sustainability Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

10

Related party transactions

Loans to related parties

2024

Key management
£

Total
£

At start of period

292

292

Advanced

4,531

4,531

Repaid

(292)

(292)

At end of period

4,531

4,531

2023

Key management
£

Total
£

At start of period

115

115

Advanced

292

292

Repaid

(115)

(115)

At end of period

292

292

Terms of loans to related parties

During the year the company provided the directors, Mrs R Hammond and Mr J D Hulse, with loans. The loans were unsecured, interest free and repayable on demand.