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Company Registration No. 01868977 (England and Wales)
LANDEX (PROPERTIES) LIMITED Unaudited accounts for the year ended 31 December 2024
LANDEX (PROPERTIES) LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
133,010 
139,403 
Investment property
565,000 
565,000 
698,010 
704,403 
Current assets
Inventories
4,000 
4,000 
Debtors
13,588 
7,583 
Investments
55,000 
55,000 
Cash at bank and in hand
172,309 
184,753 
244,897 
251,336 
Creditors: amounts falling due within one year
(41,241)
(47,779)
Net current assets
203,656 
203,557 
Total assets less current liabilities
901,666 
907,960 
Provisions for liabilities
Deferred tax
(27,700)
(27,700)
Net assets
873,966 
880,260 
Capital and reserves
Called up share capital
15 
15 
Profit and loss account
873,951 
880,245 
Shareholders' funds
873,966 
880,260 
For the year ending 31 December 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.
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 2 May 2025 and were signed on its behalf by
S HANN Director Company Registration No. 01868977
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LANDEX (PROPERTIES) LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
LANDEX (PROPERTIES) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01868977. The registered office is Fourth Avenue, Westfield Trading Estate, Midsomer Norton, BA3 4XE.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
15% reducing balance
Motor vehicles
7 years straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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LANDEX (PROPERTIES) LIMITED Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
154,829 
97,779 
22,990 
275,598 
At 31 December 2024
154,829 
97,779 
22,990 
275,598 
Depreciation
At 1 January 2024
39,900 
89,725 
6,570 
136,195 
Charge for the year
1,900 
1,208 
3,285 
6,393 
At 31 December 2024
41,800 
90,933 
9,855 
142,588 
Net book value
At 31 December 2024
113,029 
6,846 
13,135 
133,010 
At 31 December 2023
114,929 
8,054 
16,420 
139,403 
5
Investment property
2024 
£ 
Fair value at 1 January 2024
565,000 
At 31 December 2024
565,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,588 
7,583 
7
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
55,000 
55,000 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,690 
- 
Trade creditors
3,241 
3,477 
Taxes and social security
407 
6,915 
Loans from directors
34,953 
34,453 
Accruals
950 
2,934 
41,241 
47,779 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
15 Ordinary shares of £1 each
15 
15 
- 4 -
LANDEX (PROPERTIES) LIMITED Notes to the Accounts for the year ended 31 December 2024
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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