Silverfin false false 30/06/2024 01/07/2023 30/06/2024 V E Davies 23/01/2019 N J Katz 23/01/2019 12 May 2025 The principal activity of Land Logical Norlands Lane Limited ("the Company") is that of operating a power generation plant from land fill gases. 11784051 2024-06-30 11784051 bus:Director1 2024-06-30 11784051 bus:Director2 2024-06-30 11784051 2023-06-30 11784051 core:CurrentFinancialInstruments 2024-06-30 11784051 core:CurrentFinancialInstruments 2023-06-30 11784051 core:Non-currentFinancialInstruments 2024-06-30 11784051 core:Non-currentFinancialInstruments 2023-06-30 11784051 core:ShareCapital 2024-06-30 11784051 core:ShareCapital 2023-06-30 11784051 core:RetainedEarningsAccumulatedLosses 2024-06-30 11784051 core:RetainedEarningsAccumulatedLosses 2023-06-30 11784051 core:LandBuildings 2023-06-30 11784051 core:PlantMachinery 2023-06-30 11784051 core:FurnitureFittings 2023-06-30 11784051 core:LandBuildings 2024-06-30 11784051 core:PlantMachinery 2024-06-30 11784051 core:FurnitureFittings 2024-06-30 11784051 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2024-06-30 11784051 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2023-06-30 11784051 bus:OrdinaryShareClass1 2024-06-30 11784051 2023-07-01 2024-06-30 11784051 bus:FilletedAccounts 2023-07-01 2024-06-30 11784051 bus:SmallEntities 2023-07-01 2024-06-30 11784051 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11784051 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11784051 bus:Director1 2023-07-01 2024-06-30 11784051 bus:Director2 2023-07-01 2024-06-30 11784051 core:PlantMachinery core:TopRangeValue 2023-07-01 2024-06-30 11784051 core:FurnitureFittings core:TopRangeValue 2023-07-01 2024-06-30 11784051 2022-07-01 2023-06-30 11784051 core:LandBuildings 2023-07-01 2024-06-30 11784051 core:PlantMachinery 2023-07-01 2024-06-30 11784051 core:FurnitureFittings 2023-07-01 2024-06-30 11784051 core:Non-currentFinancialInstruments 2023-07-01 2024-06-30 11784051 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 11784051 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11784051 (England and Wales)

LAND LOGICAL NORLANDS LANE LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

LAND LOGICAL NORLANDS LANE LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

LAND LOGICAL NORLANDS LANE LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 June 2024
LAND LOGICAL NORLANDS LANE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 435,000 436,000
435,000 436,000
Current assets
Debtors
- due within one year 4 11,208 19,753
- due after more than one year 4 100,000 100,000
Cash at bank and in hand 34,444 60,087
145,652 179,840
Creditors: amounts falling due within one year 5 ( 896,620) ( 831,778)
Net current liabilities (750,968) (651,938)
Total assets less current liabilities (315,968) (215,938)
Creditors: amounts falling due after more than one year 6 ( 10,000) ( 20,000)
Net liabilities ( 325,968) ( 235,938)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 326,068 ) ( 236,038 )
Total shareholder's deficit ( 325,968) ( 235,938)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Land Logical Norlands Lane Limited (registered number: 11784051) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

V E Davies
Director

12 May 2025

LAND LOGICAL NORLANDS LANE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
LAND LOGICAL NORLANDS LANE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Land Logical Norlands Lane Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is Unit C, 3 Regal Way, Watford, WD24 4YJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 2 years straight line
Fixtures and fittings 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 2 2

3. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Total
£ £ £ £
Cost
At 01 July 2023 430,000 60,000 10,000 500,000
At 30 June 2024 430,000 60,000 10,000 500,000
Accumulated depreciation
At 01 July 2023 0 60,000 4,000 64,000
Charge for the financial year 0 0 1,000 1,000
At 30 June 2024 0 60,000 5,000 65,000
Net book value
At 30 June 2024 430,000 0 5,000 435,000
At 30 June 2023 430,000 0 6,000 436,000

4. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Other debtors 11,208 19,753
Debtors: amounts falling due after more than one year
Other debtors 100,000 100,000

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 10,000 10,000
Trade creditors 11,654 0
Amounts owed to fellow subsidiaries 739,180 685,315
Other taxation and social security 0 878
Other creditors 135,786 135,585
896,620 831,778

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 10,000 20,000

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Ultimate controlling party

Parent Company:

Land Logical Group Limited
Unit C, 3 Regal Way, Watford, United Kingdom, WD24 4YJ