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REGISTERED NUMBER: SC046174 (Scotland)















Financial Statements For The Year Ended 30 June 2024

for

Landek Limited

Landek Limited (Registered number: SC046174)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Landek Limited

Company Information
For The Year Ended 30 June 2024







DIRECTORS: Richard Gavin Laciok
Jennifer Barbara Farrell





REGISTERED OFFICE: 11 Grosvenor Terrace
Glasgow
G12 0TB





REGISTERED NUMBER: SC046174 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Landek Limited (Registered number: SC046174)

Abridged Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,759,232 1,614,385
Investments 5 21,785 21,785
1,781,017 1,636,170

CURRENT ASSETS
Debtors 38,833 26,040
Cash at bank and in hand 41,021 46,561
79,854 72,601
CREDITORS
Amounts falling due within one year 211,263 87,543
NET CURRENT LIABILITIES (131,409 ) (14,942 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,649,608

1,621,228

CREDITORS
Amounts falling due after more than one
year

(11,866

)

(21,848

)

PROVISIONS FOR LIABILITIES (28,400 ) (28,886 )
NET ASSETS 1,609,342 1,570,494

CAPITAL AND RESERVES
Called up share capital 125 125
Share premium 29,975 29,975
Fair value reserve 872,217 872,217
Retained earnings 707,025 668,177
SHAREHOLDERS' FUNDS 1,609,342 1,570,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

Landek Limited (Registered number: SC046174)

Abridged Statement of Financial Position - continued
30 June 2024


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

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

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:





Richard Gavin Laciok - Director


Landek Limited (Registered number: SC046174)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

Landek Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33.33% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

Investments
Investment property is stated at valuation on the basis of open market value, subject to the rights of existing tenants, and was valued by the directors. Other fixed asset investments are stated at cost.

Landek Limited (Registered number: SC046174)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 July 2023 1,657,365
Additions 148,404
At 30 June 2024 1,805,769
DEPRECIATION
At 1 July 2023 42,980
Charge for year 3,557
At 30 June 2024 46,537
NET BOOK VALUE
At 30 June 2024 1,759,232
At 30 June 2023 1,614,385

Cost or valuation at 30 June 2024 is represented by:

Totals
£   
Valuation in 2023 1,600,000
Cost 205,769
1,805,769

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 857,104 710,314

Investment property was valued on an open market basis on 30 June 2023 by the directors .

The directors confirm that the above valuation is a reasonable representation of current fair value of the investment property.

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Sovereigns and Krugerands 21,785 21,785

The market value of the investments at 30 June 2024 is £166,723 (2023 - £136,844).