Landmark Estates Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02210289

LANDMARK ESTATES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

30 December 2024

LANDMARK ESTATES LIMITED

STATEMENT OF FINANCIAL POSITION

30 December 2024

	2024		2023
Note	£	£	£

CURRENT ASSETS

Stocks		10,631,079	6,267,597
Debtors	4	40,500	64,469
Cash at bank and in hand		21,727	139,079
		-------------	------------
		10,693,306	6,471,145

CREDITORS: amounts falling due within one year	5	( 958,248)		( 1,075,655)
		-------------		------------
NET CURRENT ASSETS			9,735,058	5,395,490
			------------	------------
TOTAL ASSETS LESS CURRENT LIABILITIES			9,735,058	5,395,490

CREDITORS: amounts falling due after more than one year	6	( 9,720,445)	( 5,364,913)
		------------	------------
NET ASSETS		14,613	30,577
		------------	------------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	14,513	30,477
	--------	--------
SHAREHOLDERS FUNDS	14,613	30,577
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

LANDMARK ESTATES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 December 2024

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

R M Murray

Director

Company registration number: 02210289

LANDMARK ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 DECEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Royal House, 28 Sovereign Street, Leeds, LS1 4BJ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of rent receivable and services supplied, exclusive of Value Added Tax.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost comprises the acquisition and development costs excluding interest. Development costs include infrastructure costs and costs of houses built. The cost of land acquisition includes options to purchase land, and the cost of any investigation work prior to purchase.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short-term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. DEBTORS

	2024	2023
	£	£
Other debtors	40,500	64,469
	--------	--------

5. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	( 1,969)	106,801
Social security and other taxes	5,987	6,374
Other creditors	954,230	962,480
	---------	------------
	958,248	1,075,655
	---------	------------

6. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	9,720,445	5,364,913
	------------	------------