Company Registration No. 12866303 (England and Wales)
SEARCHLAND LTD
Unaudited amended accounts
for the year ended 30 September 2024
SEARCHLAND LTD
Unaudited amended accounts
Contents
SEARCHLAND LTD
Company Information
for the year ended 30 September 2024
Directors
Hugh Peter Canning Gibbs
Mitchell Babalola Christopher Fasanya
Arthur Kellaway Goodhart
Archibald Kingsley Kennedy-Dyson
Company Number
12866303 (England and Wales)
Registered Office
Searchland Ltd
Tagwright House
Westland Place
London
London
N1 7LP
England
Accountants
Vicente Kewley Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SEARCHLAND LTD for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
SEARCHLAND LTD for the year ended
30 September 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of SEARCHLAND LTD, as a body, in accordance with the terms of our engagement letter dated 9 June 2022. Our work has been undertaken solely to prepare for your approval the accounts of SEARCHLAND LTD and state those matters that we have agreed to state to the Board of Directors of SEARCHLAND LTD, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SEARCHLAND LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SEARCHLAND LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of SEARCHLAND LTD. You consider that SEARCHLAND LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SEARCHLAND LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Vicente Kewley Accountancy Limited
Chartered Accountants
71-75 Shelton Street
London
WC2H 9JQ
7 April 2025
SEARCHLAND LTD
Statement of financial position
as at 30 September 2024
Tangible assets
32,672
22,677
Cash at bank and in hand
2,537,084
1,477,994
Creditors: amounts falling due within one year
(1,030,569)
(710,707)
Net current assets
1,539,485
775,620
Total assets less current liabilities
1,572,157
798,297
Provisions for liabilities
Deferred tax
(8,168)
(5,670)
Net assets
1,563,989
792,627
Called up share capital
2
2
Share premium
3,797,483
2,200,119
Profit and loss account
(2,233,496)
(1,407,494)
Shareholders' funds
1,563,989
792,627
For the year ending 30 September 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 7 April 2025 and were signed on its behalf by
Archibald Kingsley Kennedy-Dyson
Director
Company Registration No. 12866303
SEARCHLAND LTD
Notes to the Accounts
for the year ended 30 September 2024
SEARCHLAND LTD is a private company, limited by shares, registered in England and Wales, registration number 12866303. The registered office is Searchland Ltd, Tagwright House, Westland Place, London, London, N1 7LP, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Other tangible fixed assets
33%
4
Tangible fixed assets
Total
At 30 September 2024
55,531
Charge for the year
14,482
At 30 September 2024
22,859
At 30 September 2024
32,672
At 30 September 2023
22,677
SEARCHLAND LTD
Notes to the Accounts
for the year ended 30 September 2024
5
Average number of employees
During the year the average number of employees was 6 (2023: 6).