Company Registration No. 04562439 (England and Wales)
Theories Landscapes Limited
Unaudited accounts
for the period from 1 July 2023 to 31 October 2024
Theories Landscapes Limited
Unaudited accounts
Contents
Theories Landscapes Limited
Company Information
for the period from 1 July 2023 to 31 October 2024
Directors
Jacek Maklakiewicz
Kinga Maklakiewicz
Company Number
04562439 (England and Wales)
Registered Office
4C MAIN ROAD
BRAMFIELD
HERTFORD
SG14 2FD
ENGLAND
Accountants
Optics Accounting Ltd
17 Willow Pike
Sutton Courtenay
Abingdon
OX14 4GB
Theories Landscapes Limited
Statement of financial position
as at 31 October 2024
Tangible assets
84,109
90,985
Cash at bank and in hand
(18,958)
32,260
Creditors: amounts falling due within one year
(581,730)
(497,419)
Net current (liabilities)/assets
(467,078)
277,587
Total assets less current liabilities
(382,969)
368,572
Creditors: amounts falling due after more than one year
(40,461)
(19,895)
Net (liabilities)/assets
(423,430)
348,677
Called up share capital
60
60
Profit and loss account
(423,490)
348,617
Shareholders' funds
(423,430)
348,677
For the period ending 31 October 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by
Jacek Maklakiewicz
Director
Company Registration No. 04562439
Theories Landscapes Limited
Notes to the Accounts
for the period from 1 July 2023 to 31 October 2024
Theories Landscapes Limited is a private company, limited by shares, registered in England and Wales, registration number 04562439. The registered office is 4C MAIN ROAD, BRAMFIELD, HERTFORD, SG14 2FD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
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 stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. At the balance sheet date the company had net liabilities of £526,945 and net current liabilities of £581,429. The validity of this basis depends upon the continued support of the company's creditors.
The directors are not aware of any reason why continued support from creditors should not be forthcoming.
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
33% on cost
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Theories Landscapes Limited
Notes to the Accounts
for the period from 1 July 2023 to 31 October 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2023
19,011
97,060
25,620
2,480
144,171
Additions
-
20,620
-
275
20,895
Disposals
-
(7,000)
-
-
(7,000)
At 31 October 2024
19,011
110,680
25,620
2,755
158,066
At 1 July 2023
4,419
22,202
25,239
1,326
53,186
Charge for the period
3,648
16,968
95
498
21,209
On disposals
-
(438)
-
-
(438)
At 31 October 2024
8,067
38,732
25,334
1,824
73,957
At 31 October 2024
10,944
71,948
286
931
84,109
At 30 June 2023
14,592
74,858
381
1,154
90,985
Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Trade debtors
61,275
74,132
Accrued income and prepayments
67,335
2,440
Theories Landscapes Limited
Notes to the Accounts
for the period from 1 July 2023 to 31 October 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,354
56,349
Trade creditors
68,926
54,690
Taxes and social security
185,450
209,543
Loans from directors
159,404
61,839
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
34,314
-
The ultimate controlling party is DNA-PLAY LTD.
The company is owned by DNA-PLAY LTD who own 100% of the company's share capital.
9
Average number of employees
During the period the average number of employees was 5 (2023: 5).