IRIS Accounts Production v24.3.2.46 SC509210 Board of Directors 1.7.23 30.6.24 30.6.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5092102023-06-30SC5092102024-06-30SC5092102023-07-012024-06-30SC5092102022-06-30SC5092102022-07-012023-06-30SC5092102023-06-30SC509210ns15:Scotland2023-07-012024-06-30SC509210ns14:PoundSterling2023-07-012024-06-30SC509210ns10:Director12023-07-012024-06-30SC509210ns10:PrivateLimitedCompanyLtd2023-07-012024-06-30SC509210ns10:SmallEntities2023-07-012024-06-30SC509210ns10:AuditExemptWithAccountantsReport2023-07-012024-06-30SC509210ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-30SC509210ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-30SC509210ns10:AbridgedAccounts2023-07-012024-06-30SC509210ns10:Director22023-07-012024-06-30SC509210ns10:RegisteredOffice2023-07-012024-06-30SC509210ns5:CurrentFinancialInstruments2024-06-30SC509210ns5:CurrentFinancialInstruments2023-06-30SC509210ns5:ShareCapital2024-06-30SC509210ns5:ShareCapital2023-06-30SC509210ns5:RetainedEarningsAccumulatedLosses2024-06-30SC509210ns5:RetainedEarningsAccumulatedLosses2023-06-30
REGISTERED NUMBER: SC509210 (Scotland)










Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Landcorp No 1 Limited

Landcorp No 1 Limited (Registered number: SC509210)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 5

Landcorp No 1 Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A K Lal
Mrs H B Lal





REGISTERED OFFICE: Ground Floor (part)
Unit 8000 Academy Business Park
51 Gower Street
Glasgow
G51 1PR





REGISTERED NUMBER: SC509210 (Scotland)





ACCOUNTANTS: T B Dunn & Co
Ground Floor (part)
8000 Academy Business Park
51 Gower Street
GLASGOW
G51 1PR

Landcorp No 1 Limited (Registered number: SC509210)

Abridged Balance Sheet
30 June 2024

2024 2023
£    £   
CURRENT ASSETS
Stocks 66,355 66,355
Debtors 38,534 39,157
104,889 105,512
CREDITORS
Amounts falling due within one year 39,798 39,798
NET CURRENT ASSETS 65,091 65,714
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,091

65,714

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 64,991 65,614
SHAREHOLDERS' FUNDS 65,091 65,714

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 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.

Landcorp No 1 Limited (Registered number: SC509210)

Abridged 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 3 March 2025 and were signed on its behalf by:





A K Lal - Director


Landcorp No 1 Limited (Registered number: SC509210)

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

1. STATUTORY INFORMATION

Landcorp No 1 Limited is a private company, limited by shares , registered in Scotland. 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 (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on management's best knowledge of the amount, events or actions, actual results ultimately may differ from those estimates.

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

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash and deposits with financial institutions repayable without penalty on notice of not more than twenty four hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

4. EMPLOYEES AND DIRECTORS

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

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Landcorp No 1 Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Landcorp No 1 Limited for the year ended 30 June 2024 which comprise the Abridged Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Landcorp No 1 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Landcorp No 1 Limited and state those matters that we have agreed to state to the Board of Directors of Landcorp No 1 Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Landcorp No 1 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Landcorp No 1 Limited. You consider that Landcorp No 1 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Landcorp No 1 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






T B Dunn & Co
Ground Floor (part)
8000 Academy Business Park
51 Gower Street
GLASGOW
G51 1PR


3 March 2025