Land Investments (Southend) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 643343

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,726,452		3,707,952
Investments	5		806,114		783,120

			4,532,566		4,491,072
CURRENT ASSETS
Debtors	6	6,652		8,749
Cash at bank and in hand		69,252		190,527

		75,904		199,276
Creditors: Amounts Falling Due Within One Year	7	(7,174 )		(61,150 )

NET CURRENT ASSETS (LIABILITIES)			68,730		138,126

TOTAL ASSETS LESS CURRENT LIABILITIES			4,601,296		4,629,198

Creditors: Amounts Falling Due After More Than One Year	8		(500,000 )		(458,000 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	10		(600,231 )		(617,706 )

NET ASSETS			3,501,065		3,553,492

CAPITAL AND RESERVES
Called up share capital			100		100
Fair value reserve	11		2,327,627		2,313,752
Profit and Loss Account			1,173,338		1,239,640

SHAREHOLDERS' FUNDS			3,501,065		3,553,492

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Land Investments (Southend) Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Richard Hair

Director

29th September 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Land Investments (Southend) Ltd Registered number 643343 is a private company limited by shares incorporated in England & Wales. The Registered Office is 200 London Road, Southend on Sea, Essex, SS1 1PJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

The turnover shown in the profit and loss account represents the amounts invoiced during the year.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Nil
Leasehold	Nil
Plant & Machinery	25% per annum on a straight line basis
Computer Equipment	25% per annum on a straight line basis

2.4. Investment Properties

Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost.

Subsequent to initial recognition;

Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from changes in fair value are recognised in profit or loss in the period that they arise; and
no depreciation is provided in respect of investment properties applying the fair value model

If a reliable measure is not available without undue cost or effort for an item of investment property, this item is thereafter accounted for as a tangible fixed asset in accordance with section 17 until a reliable measure of fair value becomes available.

2.5. Financial Instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

...CONTINUED

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Land Investments (Southend) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Financial Instruments - continued

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Interest income

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

2.6. Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 3)

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£	£
Cost or Valuation
As at 1 January 2024	3,643,950	64,000	2,650	1,068	3,711,668
Revaluation	18,500	-	-	-	18,500

As at 31 December 2024	3,662,450	64,000	2,650	1,068	3,730,168

Depreciation
As at 1 January 2024	-	-	2,649	1,067	3,716

As at 31 December 2024	-	-	2,649	1,067	3,716

Net Book Value
As at 31 December 2024	3,662,450	64,000	1	1	3,726,452

As at 1 January 2024	3,643,950	64,000	1	1	3,707,952

The freehold and leasehold properties shown above are held as investment properties and were valued at 31st December 2024 on the basis of market value by Hair & Son LLP. The surplus or deficit arising from the revaluation is shown on the profit and loss account as other operating income and transferred, net of deferred tax, to the fair value reserve on the balance sheet.

Included in the freehold and leasehold investment properties, shown at £3,662,450 and £64,000 respectively, are properties used in operating leases. The historic cost of these properties is £776,493.

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Land Investments (Southend) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Investments

	Other
	£
Cost
As at 1 January 2024	783,120
Additions	23,494
Disposals	(500 )

As at 31 December 2024	806,114

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	806,114

As at 1 January 2024	783,120

The Investment comprises a loan to the company's parent company, Land Investments (Rayleigh) Ltd. The loan is unsecured has a five year term and carries interest at a fixed rate of 6.5%pa.

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	6,616	8,749
Corporation tax recoverable assets	36	-

	6,652	8,749

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	7,174	7,172
Bank loans and overdrafts	-	42,000
Corporation tax	-	8,828
Other creditors	-	3,150

	7,174	61,150

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	500,000	458,000

9. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured by fixed charges over certain of the company's assets by way of legal mortgage:

	2024		2023
	£		£
Bank loans and overdrafts	500,000		500,000

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Land Investments (Southend) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Deferred Taxation

The provision for deferred taxation is made up of deferred tax on the fair value of the investment properties, £622,330, less allowable tax losses carried forward of £12,717, together with accelerated capital allowances, £0.

	2024	2023
	£	£
Other timing differences	600,231	617,706

11. Reserves

	Fair Value Reserve
	£
As at 1 January 2024	2,313,752
Movements in fair value reserve	13,875

As at 31 December 2024	2,327,627

Profit and Loss Reserve

This shows the retained distributable profits for the company

Fair Value Reserve

This contains the fair value adjustments to the company's leasehold and freehold properties, net of deferred tax.

12. Related Party Transactions

The company has taken advantage of the exemption provided in FRS102 Section 1A from disclosing transactions with members of the same group that are wholly owned.

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