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REGISTERED NUMBER: 01959385 (England and Wales)

LANDFAST LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

LANDFAST LIMITED (REGISTERED NUMBER: 01959385)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

| Page |

Company Information | 1 |

Balance Sheet | 2 |  | to |  | 3

Notes to the Financial Statements | 4 |  | to |  | 8

LANDFAST LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTOR: | Mr P A Curry

| REGISTERED OFFICE: | Town Wall House

| Balkerne Hill

| Colchester

| Essex

| CO3 3AD

| REGISTERED NUMBER: | 01959385 (England and Wales)

LANDFAST LIMITED (REGISTERED NUMBER: 01959385)

BALANCE SHEET

31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 588 |  | 768 |  |

Investments | 5 | 42,199 |  | 42,199 |  |

Investment property | 6 | 5,040,000 |  | 4,692,291 |  |

5,082,787 |  | 4,735,258 |  |

CURRENT ASSETS

Stocks | 7 | 1,500 |  | 6,500 |  |

Debtors | 8 | 109,590 |  | 19,200 |  |

Investments | 9 | 260,674 |  | 200,230 |  |

Cash at bank | 454,383 |  | 270,369 |  |

826,147 |  | 496,299 |  |

CREDITORS

Amounts falling due within one year | 10 | (3,944,386 | ) | (3,705,477 | ) |

NET CURRENT LIABILITIES | (3,118,239 | ) | (3,209,178 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,964,548 |  | 1,526,080 |  |

PROVISIONS FOR LIABILITIES | (277,643 | ) | (186,897 | ) |

NET ASSETS | 1,686,905 |  | 1,339,183 |  |

LANDFAST LIMITED (REGISTERED NUMBER: 01959385)

BALANCE SHEET - continued

31 MARCH 2025

| 2025 |  | 2024

| Notes | £ | £ |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Fair value reserve | 976,789 |  | 677,144 |  |

Retained earnings | 710,016 |  | 661,939 |  |

SHAREHOLDERS' FUNDS | 1,686,905 |  | 1,339,183 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 November 2025 and were signed by:

Mr P A Curry - Director

LANDFAST LIMITED (REGISTERED NUMBER: 01959385)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Landfast Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£) and values are rounded to the nearest Pound (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102.

| Consolidation

| In the opinion of the directors, the company and its subsidiary undertaking comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

| Turnover

| Turnover represents the sale of properties and value of work done on contract works carried out during the year, exclusive of Value Added Tax.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Computer equipment - 20% on cost

| Fixed asset investments

| Fixed asset investments are carried at cost less any impairment losses.

| Investment property

| Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the fair value reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the income statement for the year.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

LANDFAST LIMITED (REGISTERED NUMBER: 01959385)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Unlisted investments

| Unlisted investments are carried at open market value when an open market value is available. If no open market value is available, they are carried at cost less any impairment losses. The surplus or deficit arising from the annual revaluation is transferred to the fair value reserve unless a deficit, or its reversal, on an individual investment is expected to be permanent, in which case it is recognised in the income statement for the year.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Work in progress

| Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

| Financial instruments

| Basic financial instruments are recognised at amortised cost.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

LANDFAST LIMITED (REGISTERED NUMBER: 01959385)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

4. | TANGIBLE FIXED ASSETS

| Computer

| equipment

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 904 |  |

| DEPRECIATION

| At 1 April 2024 | 136 |  |

| Charge for year | 180 |  |

| At 31 March 2025 | 316 |  |

| NET BOOK VALUE

| At 31 March 2025 | 588 |  |

| At 31 March 2024 | 768 |  |

5. | FIXED ASSET INVESTMENTS

| Interest |

| Interest |  | in |

| Other |  | in |  | subsidiary |

| assets |  | associate |  | undertakings |  | Totals

£ | £ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | 41,659 |  | 50 |  | 490 |  | 42,199 |  |

| NET BOOK VALUE

| At 31 March 2025 | 41,659 |  | 50 |  | 490 |  | 42,199 |  |

| At 31 March 2024 | 41,659 |  | 50 |  | 490 |  | 42,199 |  |

LANDFAST LIMITED (REGISTERED NUMBER: 01959385)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 4,692,291 |  |

| Revaluations | 347,709 |  |

| At 31 March 2025 | 5,040,000 |  |

| NET BOOK VALUE

| At 31 March 2025 | 5,040,000 |  |

| At 31 March 2024 | 4,692,291 |  |

| The properties were valued by the Director at open market value at the Year End. The original cost of the properties is at the end of the accounting period is £3,854,183 (2024: £3,854,183).

7. | STOCKS

2025 | 2024 |

£ | £ |

| Land for development | 1,500 |  | 6,500 |  |

8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 60,315 |  | 1,957 |  |

| Tax | 20,356 |  | - |  |

| Prepayments and accrued income | 28,919 |  | 17,243 |  |

109,590 |  | 19,200 |  |

9. | CURRENT ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Unlisted investments | 260,674 |  | 200,230 |  |

| There were additions in the year of £14,364 (2024: £70,412), disposals of £Nil (2024: £41,464), realised gains of £Nil (2024: £6,780) and a revaluation increase of £46,079 (2024: 8,483). The investments are held at market value at the year end, the cost of the investments was £233,864.

LANDFAST LIMITED (REGISTERED NUMBER: 01959385)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Loans | 3,500,000 |  | 3,300,000 |  |

| Trade creditors | 1,006 |  | 486 |  |

| Amounts due to related undertaking | 50 |  | 50 |  |

| Amounts due to subsidiary undertaking | 21,048 |  | 21,048 |  |

| Corporation tax | 49,564 |  | 13,857 |  |

| Other tax and social security | 13 |  | - |  |

| Other creditors | 330,114 |  | 333,780 |  |

| Directors' current accounts | 13,948 |  | 17,218 |  |

| Accruals and deferred income | 28,643 |  | 19,038 |  |

3,944,386 |  | 3,705,477 |  |

11. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Loans | 3,500,000 |  | 3,300,000 |  |

| A fixed charge dated 23 December 2014 is in place over the properties held in Investment Property in favour of Breydon Limited. The loan is repayable on demand upon 6 months notice from the lender with interest charged at 1% per annum.

| A fixed charge dated 8 August 2016 is in place over the properties held in Investment Property in favour of Clarence Holdings Limited. The loan is repayable on demand upon 6 months notice from the lender with interest charged at 1% per annum.

| A fixed charge dated 28 March 2025 is in place over the properties held in Investment Property in favour of Clarence Holdings Limited. The loan is repayable on demand upon 6 months notice from the lender with interest charged at Barclays Bank PLC base rate plus 2.5%, per annum.