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
Tangible assets
133,010
139,403
Investment property
565,000
565,000
Cash at bank and in hand
172,309
184,753
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
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
LANDEX (PROPERTIES) LIMITED
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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
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
At 31 December 2024
113,029
6,846
13,135
133,010
At 31 December 2023
114,929
8,054
16,420
139,403
Fair value at 1 January 2024
565,000
At 31 December 2024
565,000
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
Trade creditors
3,241
3,477
Taxes and social security
407
6,915
Loans from directors
34,953
34,453
Allotted, called up and fully paid:
15 Ordinary shares of £1 each
15
15
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).