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Company No: 12657699 (England and Wales)

LANDFORD TREES LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

LANDFORD TREES LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

LANDFORD TREES LIMITED

BALANCE SHEET

As at 31 July 2024
LANDFORD TREES LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 0 1,075
Tangible assets 4 77,541 102,342
77,541 103,417
Current assets
Stocks 5 301,214 262,604
Debtors 6 16,525 187,263
Cash at bank and in hand 7 30,740 21,746
348,479 471,613
Creditors: amounts falling due within one year 8 ( 500,183) ( 654,852)
Net current liabilities (151,704) (183,239)
Total assets less current liabilities (74,163) (79,822)
Creditors: amounts falling due after more than one year 9 ( 7,549) ( 15,257)
Net liabilities ( 81,712) ( 95,079)
Capital and reserves
Called-up share capital 10 1 1
Profit and loss account ( 81,713 ) ( 95,080 )
Total shareholder's deficit ( 81,712) ( 95,079)

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Landford Trees Limited (registered number: 12657699) were approved and authorised for issue by the Board of Directors on 25 April 2025. They were signed on its behalf by:

Mr A S Mittal
Director
LANDFORD TREES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
LANDFORD TREES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Landford Trees Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hitchcock House Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom. The principal place of business is Landford Lodge, Landford, Salisbury, Wiltshire, SP5 2EH.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The company's balance sheet shows net liabilities. The sole shareholder has indicated that support in the form of loans from related parties under common control will continue for the foreseeable future to enable the company to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation


Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 3 years straight line
Other intangible assets 4 years straight line
Trademarks, patents and licences

Separately acquired patents and trademarks are included at cost and amortised in equal annual instalments over a period of four years which is their estimated useful economic life. Provision is made for any impairment.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Plant and machinery 5 years straight line
Vehicles 25 % reducing balance
Fixtures and fittings 6 - 7 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 11

3. Intangible assets

Goodwill Other intangible assets Total
£ £ £
Cost
At 01 August 2023 73,950 4,300 78,250
Disposals 0 ( 4,300) ( 4,300)
At 31 July 2024 73,950 0 73,950
Accumulated amortisation
At 01 August 2023 73,950 3,225 77,175
Charge for the financial year 0 1,075 1,075
Disposals 0 ( 4,300) ( 4,300)
At 31 July 2024 73,950 0 73,950
Net book value
At 31 July 2024 0 0 0
At 31 July 2023 0 1,075 1,075

4. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £ £
Cost
At 01 August 2023 63,143 75,282 44,499 538 183,462
Additions 0 3,128 0 0 3,128
At 31 July 2024 63,143 78,410 44,499 538 186,590
Accumulated depreciation
At 01 August 2023 15,670 44,162 21,087 201 81,120
Charge for the financial year 6,315 15,681 5,853 80 27,929
At 31 July 2024 21,985 59,843 26,940 281 109,049
Net book value
At 31 July 2024 41,158 18,567 17,559 257 77,541
At 31 July 2023 47,473 31,120 23,412 337 102,342

Included within the net book value of land and buildings above is £41,158 (2023 - £47,473) in respect of short leasehold land and buildings.

5. Stocks

2024 2023
£ £
Stocks 301,214 262,604

6. Debtors

2024 2023
£ £
Trade debtors 0 25,855
Other debtors 16,525 161,408
16,525 187,263

7. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 30,740 21,746

8. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 7,334 6,873
Other taxation and social security 6,439 12,556
Obligations under finance leases and hire purchase contracts (secured) 7,708 10,392
Other creditors 478,702 625,031
500,183 654,852



9. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts (secured) 7,549 15,257

Obligations under finance leases and hire purchase contracts are secured on the underlying tangible assets.

10. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

11. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
At start of period 151,500 0
Advanced 41,500 151,500
Repaid (193,000) 0
At end of period 0 151,500

Advances to a director are interest free and repayable on demand.

Other related party transactions

2024 2023
£ £
At start of period 614,300 503,679
Advanced 7,000 180,621
Repaid (165,000) (70,000)
At end of period 456,300 614,300

The advances received are interest free and repayable upon demand.