LANDARK DEVELOPMENTS LTD.
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
Company Registration No. SC279234 (Scotland)
PAGES FOR FILING WITH REGISTRAR
LANDARK DEVELOPMENTS LTD.
COMPANY INFORMATION
Directors
Mr Colin McCall
Mr James Cochrane
Mr David Weir
Company number
SC279234
Registered office
44 Bank Street
Kilmarnock
Ayrshire
KA1 1HA
Accountants
Dains
46 Bank Street
Kilmarnock
Ayrshire
KA1 1HA
LANDARK DEVELOPMENTS LTD.
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
LANDARK DEVELOPMENTS LTD.
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
3
371
385
Cash at bank and in hand
263
202
634
587
Creditors: amounts falling due within one year
4
(5,441)
(4,313)
Net current liabilities
(4,807)
(3,726)
Capital and reserves
Called up share capital
5
150
150
Profit and loss reserves
(4,957)
(3,876)
Total equity
(4,807)
(3,726)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 26 March 2025 and are signed on its behalf by:
Mr Colin McCall
Director
Company registration number SC279234 (Scotland)
LANDARK DEVELOPMENTS LTD.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 2 -
1
Accounting policies
Company information

Landark Developments Ltd. is a private company limited by shares incorporated in Scotland. The registered office is 44 Bank Street, Kilmarnock, Ayrshire, KA1 1HA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company has a net deficit on the balance sheet. However, the going concern basis of preparation is appropriate as the group companies and directors continue to support the business.

1.3
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
-
0
-
0
LANDARK DEVELOPMENTS LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
371
238
Prepayments and accrued income
-
0
147
371
385
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
231
-
0
Taxation and social security
-
0
4
Other creditors
4,610
3,660
Accruals and deferred income
600
649
5,441
4,313
5
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
150
150
150
150
LANDARK DEVELOPMENTS LTD.
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 4 -
6
Related party transactions

Daxport UK Ltd

A company which is controlled by J.A.K. Cochrane. There were no transactions with Daxport UK Ltd in the year and the balance which remained outstanding to Daxport UK Ltd at the year end was £1,500 (2024: £1,500)

 

Capital Estates (Scotland) Ltd

A company in which C McCall is a director, loaned Landark Developments Ltd £1,450 during the year and repaid £500. The balance remaining as outstanding at the year end was £3,110 (2024: £2,160).

 

Charlesfort Holdings Ltd

A company which owns 100% of the shares in Landark Developments Ltd, was loaned £100 during the year. The balance remaining outstanding at the year end was £338 (2024: £238).

 

All loans are interest free and repayable on demand.

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