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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
Page
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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
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Theories Landscapes Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
84,109 
90,985 
Current assets
Inventories
5,000 
20,000 
Debtors
128,610 
722,746 
Cash at bank and in hand
(18,958)
32,260 
114,652 
775,006 
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 
Capital and reserves
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
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Theories Landscapes Limited Notes to the Accounts for the period from 1 July 2023 to 31 October 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
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.
Going concern
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.
Related party exemption
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
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
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Theories Landscapes Limited Notes to the Accounts for the period from 1 July 2023 to 31 October 2024
Leased assets
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 
Depreciation
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 
Net book value
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:
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
- 
1,535 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
61,275 
74,132 
Accrued income and prepayments
67,335 
2,440 
Other debtors
- 
646,174 
128,610 
722,746 
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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 
VAT
163,885 
114,641 
Trade creditors
68,926 
54,690 
Taxes and social security
185,450 
209,543 
Other creditors
(6,646)
- 
Loans from directors
159,404 
61,839 
Accruals
357 
357 
581,730 
497,419 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,147 
19,895 
Obligations under finance leases and hire purchase contracts
34,314 
- 
40,461 
19,895 
8
Controlling party
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).
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