Registered number
07921153
Land & Anchor Ltd
Filleted Accounts
31 March 2025
Land & Anchor Ltd
Registered number: 07921153
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 15,646 19,635
Current assets
Debtors 4 42,281 88,673
Cash at bank and in hand 441,736 476,276
484,017 564,949
Creditors: amounts falling due within one year 5 (11,510) (14,544)
Net current assets 472,507 550,405
Total assets less current liabilities 488,153 570,040
Provisions for liabilities (679) (1,014)
Net assets 487,474 569,026
Capital and reserves
Called up share capital 2 2
Profit and loss account 487,472 569,024
Shareholders' funds 487,474 569,026
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Darren Raymond Cox
Director
Approved by the board on 22 April 2025
Land & Anchor Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Freehold buildings 20% reducing balance
Leasehold land and buildings over the lease term
Plant and machinery 33% reducing balance
Fixtures, fittings, tools and equipment 33% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2024 17,878 12,400 58,570 88,848
Additions 788 - - 788
At 31 March 2025 18,666 12,400 58,570 89,636
Depreciation
At 1 April 2024 3,576 11,515 54,122 69,213
Charge for the year 3,018 291 1,468 4,777
At 31 March 2025 6,594 11,806 55,590 73,990
Net book value
At 31 March 2025 12,072 594 2,980 15,646
At 31 March 2024 14,302 885 4,448 19,635
4 Debtors 2025 2024
£ £
Trade debtors 41,817 79,244
Other debtors 464 9,429
42,281 88,673
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 5,150 6,871
Taxation and social security costs 5,880 7,041
Other creditors 480 632
11,510 14,544
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr Darren Raymond Cox
Repayable on demand. Interest at 4% PA calculated monthly (316) 38,076 (38,000) (240)
Mrs Sharon Cox
Repayable on demand. Interest at 4% PA calculated monthly (316) 38,076 (38,000) (240)
(632) 76,152 (76,000) (480)
7 Controlling party
the company is controlled by Mr Darren Raymond Cox and Mrs Sharon Cox
8 Other information
Land & Anchor Ltd is a private company limited by shares and incorporated in England. Its registered office is:
St Andrews Castle
St Andrews Street South
Bury St Edmunds
Suffolk
IP33 3PH
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