REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 31 March 2023 to 29 March 2024 |
for |
Landtask UK LLP |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
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 |
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 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 were approved by the members of the LLP and authorised for issue on |
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 |
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 |
Plant and machinery | - |
Computer equipment | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 31 March 2023 |
and 29 March 2024 |
DEPRECIATION |
At 31 March 2023 |
Charge for period |
At 29 March 2024 |
NET BOOK VALUE |
At 29 March 2024 |
At 30 March 2023 |
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 |
NET BOOK VALUE |
At 29 March 2024 |
At 30 March 2023 |
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 |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans |
Other creditors |
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 |
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 |
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. |