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REGISTERED NUMBER: 04278410 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

LANDWORTH LIMITED

LANDWORTH LIMITED (REGISTERED NUMBER: 04278410)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LANDWORTH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: S Berkovitz





SECRETARY: Mrs M Berkovitz





REGISTERED OFFICE: 32 Montefiore Court
69 Stamford Hill
London
N16 5TY





REGISTERED NUMBER: 04278410 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

LANDWORTH LIMITED (REGISTERED NUMBER: 04278410)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,827 2,149
Investment property 6 2,963,500 2,963,500
2,965,327 2,965,649

CURRENT ASSETS
Debtors 7 4,354 12,895
Cash at bank 93,637 90,543
97,991 103,438
CREDITORS
Amounts falling due within one year 8 (385,287 ) (390,038 )
NET CURRENT LIABILITIES (287,296 ) (286,600 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,678,031

2,679,049

CREDITORS
Amounts falling due after more than one
year

9

(342,646

)

(356,668

)

PROVISIONS FOR LIABILITIES (376,339 ) (376,339 )
NET ASSETS 1,959,046 1,946,042

CAPITAL AND RESERVES
Called up share capital 12 2 2
Fair value reserve 13 1,535,865 1,535,865
Retained earnings 13 423,179 410,175
SHAREHOLDERS' FUNDS 1,959,046 1,946,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LANDWORTH LIMITED (REGISTERED NUMBER: 04278410)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorized for issue by the director and authorised for issue on 14 May 2025 and were signed by:





S Berkovitz - Director


LANDWORTH LIMITED (REGISTERED NUMBER: 04278410)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Landworth Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

LANDWORTH LIMITED (REGISTERED NUMBER: 04278410)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 16,266
DEPRECIATION
At 1 September 2023 14,117
Charge for year 322
At 31 August 2024 14,439
NET BOOK VALUE
At 31 August 2024 1,827
At 31 August 2023 2,149

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 2,963,500
NET BOOK VALUE
At 31 August 2024 2,963,500
At 31 August 2023 2,963,500

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2017 1,912,204
Cost 1,051,296
2,963,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 4,354 12,895

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 941 -
Taxation and social security 4,238 9,930
Other creditors 380,108 380,108
385,287 390,038

LANDWORTH LIMITED (REGISTERED NUMBER: 04278410)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans (see note 10) 342,646 356,668

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loan 105,685 105,685
Bank loan 116,382 130,404
Bank loan 120,579 120,579
342,646 356,668

10. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loan 105,685 105,685
Bank loan 116,382 130,404
Bank loan 120,579 120,579
342,646 356,668

11. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 342,646 356,668

The mortgage loans are secured by a first charge over the company's properties and a floating charge over the assets of the company, and bear interest at variable rates.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
2 Ordinary £1 2 2

LANDWORTH LIMITED (REGISTERED NUMBER: 04278410)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

13. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2023 410,175 1,535,865 1,946,040
Profit for the year 13,004 13,004
At 31 August 2024 423,179 1,535,865 1,959,044

14. ULTIMATE CONTROLLING PARTY

The controlling party is S Berkovitz.