Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312023-09-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14324026 2023-09-01 2024-08-31 14324026 2022-08-30 2023-08-31 14324026 2024-08-31 14324026 2023-08-31 14324026 c:Director2 2023-09-01 2024-08-31 14324026 d:FurnitureFittings 2023-09-01 2024-08-31 14324026 d:FurnitureFittings 2024-08-31 14324026 d:FurnitureFittings 2023-08-31 14324026 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 14324026 d:FreeholdInvestmentProperty 2024-08-31 14324026 d:FreeholdInvestmentProperty 2023-08-31 14324026 d:FreeholdInvestmentProperty 2 2023-09-01 2024-08-31 14324026 d:CurrentFinancialInstruments 2024-08-31 14324026 d:CurrentFinancialInstruments 2023-08-31 14324026 d:Non-currentFinancialInstruments 2024-08-31 14324026 d:Non-currentFinancialInstruments 2023-08-31 14324026 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 14324026 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 14324026 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 14324026 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 14324026 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 14324026 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 14324026 d:ShareCapital 2024-08-31 14324026 d:ShareCapital 2023-08-31 14324026 d:RetainedEarningsAccumulatedLosses 2024-08-31 14324026 d:RetainedEarningsAccumulatedLosses 2023-08-31 14324026 c:OrdinaryShareClass1 2023-09-01 2024-08-31 14324026 c:OrdinaryShareClass1 2024-08-31 14324026 c:OrdinaryShareClass1 2023-08-31 14324026 c:FRS102 2023-09-01 2024-08-31 14324026 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 14324026 c:FullAccounts 2023-09-01 2024-08-31 14324026 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14324026 2 2023-09-01 2024-08-31 14324026 f:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14324026









F&S LANDMARK LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
33,201
49,666

Investment properties
 5 
14,027,889
14,136,289

  
14,061,090
14,185,955

Current assets
  

Debtors: amounts falling due within one year
 6 
48,134
57,048

Cash at bank and in hand
 7 
42,803
12,058

  
90,937
69,106

Creditors: amounts falling due within one year
 8 
(9,924,282)
(14,047,060)

Net current liabilities
  
 
 
(9,833,345)
 
 
(13,977,954)

Total assets less current liabilities
  
4,227,745
208,001

Creditors: amounts falling due after more than one year
  
(4,000,000)
-

  

 
F&S LANDMARK LTD
 
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024


Net assets
  
227,745
208,001


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
227,645
207,901

  
227,745
208,001


Page 1

 
F&S LANDMARK LTD
REGISTERED NUMBER: 14324026
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Ting Hung MA
Director

Date: 26 August 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
F&S LANDMARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

F&S Landmark Ltd is a private company limited by shares registered in England and Wales. The address of the Company's registered office is 124 Finchley Road, London, United Kingdom, NW3 5JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises turnover recognised by the Company in respect of rental income receivable during the year with amounts recognised in accordance with the underlying contractual arrangement on a straight line basis over the term of occupancy and is measured at the fair value of the consideration receivable.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that 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.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
F&S LANDMARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Investment properties

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. After initial recognition, investment properties are carried at fair value derived from current market rent and investment property yields for comparable real estate; adjusted, where considered necessary, for differences in either the nature, location and/or condition of the specific real estate asset. No depreciation is provided against investment properties with changes in fair value recognised through profit or loss.
In accordance with Financial Reporting Standard 102, the fair value assessment is conducted annually by the director or by qualifed external valuers.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 4

 
F&S LANDMARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 September 2023
65,860



At 31 August 2024

65,860



Depreciation


At 1 September 2023
16,194


Charge for the year on owned assets
16,465



At 31 August 2024

32,659



Net book value



At 31 August 2024
33,201



At 31 August 2023
49,666

Page 5

 
F&S LANDMARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Investment properties


Leasehold properties

£



Valuation


At 1 September 2023
14,136,289


Deficit on revaluation
(108,400)



At 31 August 2024
14,027,889

The 2024 valuations were made by  external, independent, and qualified valuers who hold a recognised relevant professional qualification and have current market knowledge of the relevant markets, and the skills and understanding to undertake the valuation competently, on an open market value for existing use basis.





6.


Debtors

2024
2023
£
£


Other debtors
13,852
7,237

Prepayments and accrued income
34,282
49,811

48,134
57,048



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
42,803
12,058

42,803
12,058


Page 6

 
F&S LANDMARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
43,963
30,000

Corporation tax
66,367
61,399

Other creditors
9,749,740
13,912,403

Accruals and deferred income
64,212
43,258

9,924,282
14,047,060



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
4,000,000
-

4,000,000
-







The company has received a loan of £4,000,000 from the director, Mr. Ting Hung MA. The loan is subject to an interest rate of 4% per annum, and have no fixed repayment terms.




10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£


Amounts falling due 1-2 years

Other loans
4,000,000
-


4,000,000
-




Page 7

 
F&S LANDMARK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary  shares of £1.00 each
100
100



12.


Related party transactions

Included in other creditors due within one year is an amount of £9,695,970 owed to director, Mr. Ting Hung MA.  This loan is interest-free, unsecured and repayable on demand.


13.


Controlling party

The ultimate controlling party at the year end was  Mr Ting Hung MA.
 
Page 8