Company No:
Contents
| Note | 31.10.2024 | |
| £ | ||
| Fixed assets | ||
| Tangible assets | 3 |
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| 2,980 | ||
| Current assets | ||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 179,723 | ||
| Creditors: amounts falling due within one year | 5 | (
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| Net current assets | 90,923 | |
| Total assets less current liabilities | 93,903 | |
| Provision for liabilities | (
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| Net assets |
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| Capital and reserves | ||
| Called-up share capital | 6 |
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| Profit and loss account |
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Landscale Ltd (registered number:
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Mr J Bishop
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Landscale Ltd (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 C/O Johnston Carmichael Birchin Court, 20 Birchin Lane, London, EC3V 9DU, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include 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 £.
The directors have assessed the Balance Sheet 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.
The company was incorporated on 4 October 2023 and started trading on that date. The accounts have been prepared for the period 4 October 2023 to 31 October 2024.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
| Plant and machinery etc. |
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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.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
| Period from 04.10.2023 to 31.10.2024 |
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| Number | |
| Monthly average number of persons employed by the Company during the period, including directors |
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| Plant and machinery etc. | Total | ||
| £ | £ | ||
| Cost | |||
| At 04 October 2023 |
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| Additions |
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| At 31 October 2024 |
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| Accumulated depreciation | |||
| At 04 October 2023 |
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| Charge for the financial period |
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| At 31 October 2024 |
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| Net book value | |||
| At 31 October 2024 |
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| 31.10.2024 | |
| £ | |
| Other debtors |
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| 31.10.2024 | |
| £ | |
| Taxation and social security |
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| Other creditors |
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| 31.10.2024 | |
| £ | |
| Allotted, called-up and fully-paid | |
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Transactions with the entity's directors
| 31.10.2024 | |
| £ | |
| Amounts owed by key management personnel | 46 |