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Company No: 15188700 (England and Wales)

LANDSCALE LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 04 OCTOBER 2023 TO 31 OCTOBER 2024
PAGES FOR FILING WITH THE REGISTRAR

LANDSCALE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 04 OCTOBER 2023 TO 31 OCTOBER 2024

Contents

LANDSCALE LTD

BALANCE SHEET

AS AT 31 OCTOBER 2024
LANDSCALE LTD

BALANCE SHEET (continued)

AS AT 31 OCTOBER 2024
Note 31.10.2024
£
Fixed assets
Tangible assets 3 2,980
2,980
Current assets
Debtors 4 10,429
Cash at bank and in hand 169,294
179,723
Creditors: amounts falling due within one year 5 ( 88,800)
Net current assets 90,923
Total assets less current liabilities 93,903
Provision for liabilities ( 745)
Net assets 93,158
Capital and reserves
Called-up share capital 6 100
Profit and loss account 93,058
Total shareholders' funds 93,158

For the financial period ending 31 October 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 Landscale Ltd (registered number: 15188700) were approved and authorised for issue by the Board of Directors on 28 May 2025. They were signed on its behalf by:

Mr J Bishop
Director
LANDSCALE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 04 OCTOBER 2023 TO 31 OCTOBER 2024
LANDSCALE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 04 OCTOBER 2023 TO 31 OCTOBER 2024
1. Accounting policies

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

General information and basis of accounting

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 £.

Going concern

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.

Reporting period length

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

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

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:

Plant and machinery etc. 3 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.

Impairment of assets

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.

2. Employees

Period from
04.10.2023 to
31.10.2024
Number
Monthly average number of persons employed by the Company during the period, including directors 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 04 October 2023 0 0
Additions 4,266 4,266
At 31 October 2024 4,266 4,266
Accumulated depreciation
At 04 October 2023 0 0
Charge for the financial period 1,286 1,286
At 31 October 2024 1,286 1,286
Net book value
At 31 October 2024 2,980 2,980

4. Debtors

31.10.2024
£
Other debtors 10,429

5. Creditors: amounts falling due within one year

31.10.2024
£
Taxation and social security 85,650
Other creditors 3,150
88,800

6. Called-up share capital

31.10.2024
£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100

7. Related party transactions

Transactions with the entity's directors

31.10.2024
£
Amounts owed by key management personnel 46