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Registration number: 07966199

Landsia Limited

Unaudited Financial Statements

for the Year Ended 28 February 2025

 

Landsia Limited

(Registration number: 07966199)

Balance Sheet as at 28 February 2025

Note

2025
£

2024
£

Current assets

 

Debtors

3

274

266

Other financial assets

4

360,131

345,767

Cash at bank and in hand

 

29,994

12,946

 

390,399

358,979

Creditors: Amounts falling due within one year

5

(48,935)

(46,629)

Net assets

 

341,464

312,350

Capital and reserves

 

Called up share capital

2

2

Share premium reserve

361,838

361,838

Retained earnings

(20,376)

(49,490)

Shareholders' funds

 

341,464

312,350

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 13 May 2025
 

.........................................

J A Cope

Director

 

Landsia Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

Accounting policies

Statutory information

Landsia Limited is a private company, limited by shares, domiciled in England and Wales, company number 07966199. The registered office is at Thornwick Lodge, Station Road, Bakewell, DE45 1GA.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

3

Debtors

Current

2025
£

2024
£

Other debtors

274

266

 

274

266

 

Landsia Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025 (continued)

4

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Current financial assets

Cost or valuation

At 1 March 2024

345,767

Additions

52,232

Fair value adjustments

21,204

Disposals

(59,072)

At 28 February 2025

360,131

Impairment

Carrying amount

At 28 February 2025

360,131

The historical cost of the current financial assets is £365,873 (2023: £375,966).

5

Creditors

2025
£

2024
£

Due within one year

Accruals

2,400

2,400

Directors current account

46,535

44,229

48,935

46,629

6

Related party transactions

During the year the director had an interest free loan with the company. At the balance sheet date the amount due to the director was £46,535 (2024: £44,229).