Longmead Land Limited 02953308 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 false true 02953308 2023-11-01 2024-10-31 02953308 2024-10-31 02953308 core:CurrentFinancialInstruments 2024-10-31 02953308 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 02953308 core:CostValuation 2024-10-31 02953308 core:DisposalsDecreaseInInvestments 2024-10-31 02953308 core:LandBuildings 2024-10-31 02953308 1 2024-10-31 02953308 2 2024-10-31 02953308 bus:SmallEntities 2023-11-01 2024-10-31 02953308 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 02953308 bus:FilletedAccounts 2023-11-01 2024-10-31 02953308 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 02953308 bus:RegisteredOffice 2023-11-01 2024-10-31 02953308 bus:CompanySecretaryDirector2 2023-11-01 2024-10-31 02953308 bus:Director1 2023-11-01 2024-10-31 02953308 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 02953308 core:LandBuildings 2023-11-01 2024-10-31 02953308 core:LeaseholdImprovements 2023-11-01 2024-10-31 02953308 core:AllSubsidiaries 2023-11-01 2024-10-31 02953308 core:OtherRelatedParties 2023-11-01 2024-10-31 02953308 countries:England 2023-11-01 2024-10-31 02953308 1 2023-11-01 2024-10-31 02953308 2 2023-11-01 2024-10-31 02953308 2023-10-31 02953308 core:CostValuation 2023-10-31 02953308 core:LandBuildings 2023-10-31 02953308 1 2023-10-31 02953308 2 2023-10-31 02953308 2022-11-01 2023-10-31 02953308 2023-10-31 02953308 core:CurrentFinancialInstruments 2023-10-31 02953308 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 02953308 core:LandBuildings 2023-10-31 02953308 1 2023-10-31 02953308 1 2022-11-01 2023-10-31 02953308 1 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 02953308

Longmead Land Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Longmead Land Limited

Contents

Company Information

1

Balance Sheet

2 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Longmead Land Limited

Company Information

Directors

Mr S D Bowen

Mrs A L Bowen

Company secretary

Mrs A L Bowen

Registered office

11 Woolmer Way Industrial Estate
Bordon
HAMPSHIRE
GU35 9QE

Accountants

A J Wheeler Ltd - Trading as Howard Smith & Co
Chartered Certified Accountants
338 London Road
Portsmouth
Hampshire
PO2 9JY

 

Longmead Land Limited

(Registration number: 02953308)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,149,075

1,163,457

Investments

5

-

795

 

1,149,075

1,164,252

Current assets

 

Debtors

6

150,000

-

Cash at bank and in hand

 

116,596

94,310

 

266,596

94,310

Creditors: Amounts falling due within one year

7

(62,799)

(96,878)

Net current assets/(liabilities)

 

203,797

(2,568)

Total assets less current liabilities

 

1,352,872

1,161,684

Provisions for liabilities

(1,416)

(1,330)

Net assets

 

1,351,456

1,160,354

Capital and reserves

 

Called up share capital

795

795

Retained earnings

1,350,661

1,159,559

Shareholders' funds

 

1,351,456

1,160,354

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 24 April 2025 and signed on its behalf by:
 

 

Longmead Land Limited

(Registration number: 02953308)
Balance Sheet as at 31 October 2024

.........................................
Mr S D Bowen
Director

.........................................
Mrs A L Bowen
Company secretary and director

 

Longmead Land Limited

(Registration number: 02953308)
Balance Sheet as at 31 October 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Longmead Land Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
11 Woolmer Way Industrial Estate
Bordon
HAMPSHIRE
GU35 9QE

These financial statements were authorised for issue by the Board on 24 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The financial statements contain information about Longmead Land Limited and do not contain consolidated financial information as a parent of a group. The company has taken the option under section 398 of the Companies Act 2006 not to prepare consolidated financial statements..

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for the company's activities.

 

Longmead Land Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Long leasehold property

in accordance with the lease

Investments

Investments in subsidiaries are included at cost.

Dividends are recognised in income when receivable.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Longmead Land Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 November 2023

1,378,718

1,378,718

At 31 October 2024

1,378,718

1,378,718

Depreciation

At 1 November 2023

215,261

215,261

Charge for the year

14,382

14,382

At 31 October 2024

229,643

229,643

Carrying amount

At 31 October 2024

1,149,075

1,149,075

At 31 October 2023

1,163,457

1,163,457

Included within the net book value of land and buildings above is £1,149,075 (2023 - £1,163,457) in respect of long leasehold land and buildings.
 

5

Investments

2024
£

2023
£

Investments in subsidiaries

-

795

Subsidiaries

£

Cost or valuation

At 1 November 2023

795

Disposals

(795)

At 31 October 2024

-

Provision

Carrying amount

At 31 October 2024

-

At 31 October 2023

795

 

Longmead Land Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Debtors

Current

2024
£

2023
£

Other debtors

150,000

-

 

150,000

-

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

13,494

7,568

Accruals and deferred income

1,170

1,050

Amounts owed to related parties

48,135

88,260

62,799

96,878

8

Dividends

2024

2023

£

£

Interim dividend of £75.00 (2023 - £Nil) per ordinary share

59,625

-

 

 

9

Related party transactions

Transactions with directors

2024

At 1 November 2023
£

Advances to director
£

At 31 October 2024
£

87,402

(40,000)

47,402

-

-

-

87,402

(40,000)

47,402

 

 

Longmead Land Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

2023

At 1 November 2022
£

Advances to director
£

At 31 October 2023
£

182,402

(95,000)

87,402

182,402

(95,000)

87,402

 

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Contributions paid to money purchase schemes

55,400

5,400

Summary of transactions with subsidiaries

Fenwood Bowen Limited (1 November 2023 to 4 December 2023)
 During the period from 1 November 2023 to 4 December 2023 rent of £ 23,000 was charged to the subsidiary in respect of the use of the property in its trade. (Year ended 31 October 2023 £ 134,000). The subsidiary reclaimed input VAT amounting to £125 (2023: £175) in respect of expenses incurred by the company.

The 795 shares held by the company in the subsidiary were sold to Stem Holdings Ltd on 4 December 2023.

 

Summary of transactions with other related parties

Fenwood Bowen Limited
 As at 31 October 2024 the company owed Fenwood Bowen Limited £733.