LANDREGIS LIMITED

Company Registration Number:
01380741 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

LANDREGIS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

LANDREGIS LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 18,829 20,160
Investments: 4 4,718,000 5,374,000
Total fixed assets: 4,736,829 5,394,160
Current assets
Debtors: 5 182,564 102,078
Cash at bank and in hand: 554,922 55,078
Total current assets: 737,486 157,156
Creditors: amounts falling due within one year: 6 (90,392) (87,511)
Net current assets (liabilities): 647,094 69,645
Total assets less current liabilities: 5,383,923 5,463,805
Creditors: amounts falling due after more than one year: 7   (114,073)
Provision for liabilities: (524,500) (524,500)
Total net assets (liabilities): 4,859,423 4,825,232
Capital and reserves
Called up share capital: 86 86
Profit and loss account: 4,859,337 4,825,146
Shareholders funds: 4,859,423 4,825,232

The notes form part of these financial statements

LANDREGIS LIMITED

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption 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 this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 April 2025
and signed on behalf of the board by:

Name: Mrs J E Hypher
Status: Director

The notes form part of these financial statements

LANDREGIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the fair value of rents and service charges and management fees received and receivable, net of VAT where relevant.

Tangible fixed assets and depreciation policy

Tangible fixed assets, excluding investment properties are stated in the balance sheet at cost less accumulated depreciation. Depreciation is provided to write off the cost of each asset over its estimated useful life as follows: Plant and machinery 25% per annum, reducing balance basis. Improvements to leasehold office premises 4% per annum straight line basis.

Valuation and information policy

Investment property is included in the balance sheet at fair value, and the aggregate surplus net of any deficits arising from the revaluation is recognised through the income statement. No depreciation is provided in respect of these properties. The accounting policy is not in accordance with the Companies Act 2006 which requires all tangible fixed assets to be depreciated. The directors have departed from the strict requirements of the Act in order for the financial statements to give a true and fair view. It is not practical to quantify the amount of depreciation which might otherwise have been provided.

Other accounting policies

Deferred Taxation Deferred taxation is provided in respect of all timing differences including revaluation surpluses that have originated but not reversed at the balance sheet date.

LANDREGIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 3 4

LANDREGIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
At 01 August 2023 84,010
Additions 8,402
Disposals (51,484)
At 31 July 2024 40,928
Depreciation
At 01 August 2023 63,850
Charge for year 4,855
On disposals (46,606)
At 31 July 2024 22,099
Net book value
At 31 July 2024 18,829
At 31 July 2023 20,160

LANDREGIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Fixed investments

Investment properties at valuation: At 1 August 2023 £5,374,000 Additions £3,934 Disposal £650,000 Devaluation £9,934 At 31 July 2024 £4,718,000 The properties were valued on a fair basis on 31 July 2024 by the directors. The historical cost of the properties is as follows: At 31 July 2024 £1,674,567 At 31 July 2023 £2,505,074

LANDREGIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 75,000 0

Debtors due within one year comprise: At 31 July 2024: Trade debtors £37,076, other debtors £70,488. At 31 July 2023: Trade debtors £46,268 and other debtors £55,810.

LANDREGIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due within one year note

Creditors falling due within one year comprise: At 31 July 2024: Bank loans - nil Trade creditors £654 Taxation £3,747 Other creditors £85,991. Creditors falling due within one year at 31 July 2023 comprise: Bank loans £7,941 Trade creditors £1,716 Taxation £22,356 Other creditors £55,498.

LANDREGIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

7. Creditors: amounts falling due after more than one year note

Comprising wholly of bank loan (secured): At 31 July 2024 - nil At 31 July 2023 £114,073.

LANDREGIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

8. Financial commitments

The company has entered into an informal lease arrangement for the use of its office premises with the director Mrs J E Hypher for an annual rent of £4,200. The company also entered into a contract hire agreement in the previous year for a motor vehicle with an annual commitment of £5,750 over a 3 year term.

LANDREGIS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

9. Loans to directors

Name of director receiving advance or credit: Mrs J E Hypher
Description of the loan: Advance
£
Balance at 01 August 2023 0
Advances or credits made: 304,738
Advances or credits repaid: 304,738
Balance at 31 July 2024 0

The advance to the director is unsecured and repayable upon demand. Interest was charged on the loan, which amounted to £2,154 for the year (2023: nil).