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REGISTERED NUMBER: OC330889 (England and Wales)

















Unaudited Financial Statements

for the Period 31 March 2023 to 29 March 2024

for

Landtask UK LLP

Landtask UK LLP (Registered number: OC330889)






Contents of the Financial Statements
for the Period 31 March 2023 to 29 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Landtask UK LLP

General Information
for the Period 31 March 2023 to 29 March 2024







DESIGNATED MEMBERS: Mr M J Holland
Mrs N K Holland





REGISTERED OFFICE: 24-26 Mansfield Road
Rotherham
S60 2DT





REGISTERED NUMBER: OC330889 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

Landtask UK LLP (Registered number: OC330889)

Balance Sheet
29 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,691 8,920
Investment property 5 2,000,000 2,000,000
2,006,691 2,008,920

CURRENT ASSETS
Debtors 6 125,588 97,716
Cash at bank 9,107 4,124
134,695 101,840
CREDITORS
Amounts falling due within one year 7 (363,101 ) (251,240 )
NET CURRENT LIABILITIES (228,406 ) (149,400 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,778,285 1,859,520

CREDITORS
Amounts falling due after more than one
year

8

(301,142

)

(371,373

)
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,477,143 1,488,147

Landtask UK LLP (Registered number: OC330889)

Balance Sheet - continued
29 March 2024

2024 2023
Notes £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

10

630,046

641,050

MEMBERS' OTHER INTERESTS
Revaluation reserve 11 847,097 847,097
1,477,143 1,488,147

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 10 630,046 641,050
Members' other interests 847,097 847,097
1,477,143 1,488,147

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 29 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Profit and Loss Account has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 4 March 2025 and were signed by:





Mr M J Holland - Designated member

Landtask UK LLP (Registered number: OC330889)

Notes to the Financial Statements
for the Period 31 March 2023 to 29 March 2024

1. STATUTORY INFORMATION

Landtask UK LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

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
Computer equipment - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 March 2023
and 29 March 2024 16,788
DEPRECIATION
At 31 March 2023 7,868
Charge for period 2,229
At 29 March 2024 10,097
NET BOOK VALUE
At 29 March 2024 6,691
At 30 March 2023 8,920

Landtask UK LLP (Registered number: OC330889)

Notes to the Financial Statements - continued
for the Period 31 March 2023 to 29 March 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 March 2023
and 29 March 2024 2,000,000
NET BOOK VALUE
At 29 March 2024 2,000,000
At 30 March 2023 2,000,000

The investment property is included at the directors estimate of fair value at the year end of £2,000,000 (2023 -£2,000,000).

The historical cost of the investment property is £1,152,903 (2023- £1,152,903).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,128 62,184
Other debtors 118,460 35,532
125,588 97,716

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 60,000 60,000
Trade creditors 140,975 77,723
Taxation and social security 968 11,595
Other creditors 161,158 101,922
363,101 251,240

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 290,000 350,000
Other creditors 11,142 21,373
301,142 371,373

Landtask UK LLP (Registered number: OC330889)

Notes to the Financial Statements - continued
for the Period 31 March 2023 to 29 March 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 350,000 410,000

The bank loan is secured on the investment property and by way of personal guarantees given by the designated members.

10. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Loans from members 323,624 323,624
Amounts owed to members in respect of profits 306,422 317,426
630,046 641,050

Falling due within one year 630,046 641,050

Members loans and capital rank equally with other unsecured creditors and no protection is afforded to those in the event of the LLP being wound up other than that generally available to unsecured creditors.

11. RESERVES
Revaluation
reserve
£   
At 31 March 2023
and 29 March 2024 847,097

12. RELATED PARTY DISCLOSURES

As at 29 March 2024, the company owed £97,558.72 (2023 - £51,559) to John Holland Sales Limited. M Holland is a director and shareholder of John Holland Sales Limited.

As at 29 March 2024, the company owed £8,615 (2023 - £nil) to Holland Properties and owed £12,700 by Kenwood Properties. M Holland owns both property businesses.