Company Registration No. 11582473 (England and Wales)
Landon Lets Limited
Unaudited accounts
for the year ended 31 March 2025
Landon Lets Limited
Unaudited accounts
Contents
Landon Lets Limited
Company Information
for the year ended 31 March 2025
Directors
Mark Landon
Rhian Landon
Company Number
11582473 (England and Wales)
Registered Office
10 CASTLE CLOSE
CREIGIAU
CARDIFF
CF15 9NJ
UNITED KINGDOM
Accountants
Sky Life Accountancy Limited
Unit 32
Western Industrial Estate
Caerphilly
Caerphilly
CF83 1BE
Landon Lets Limited
Statement of financial position
as at 31 March 2025
Called up share capital not paid
2
2
Investment property
984,499
951,038
Cash at bank and in hand
721
2,037
Creditors: amounts falling due within one year
(170,340)
(210,009)
Net current liabilities
(166,930)
(205,197)
Total assets less current liabilities
817,786
746,096
Creditors: amounts falling due after more than one year
(607,768)
(559,134)
Provisions for liabilities
Deferred tax
(34,500)
(29,933)
Net assets
175,518
157,029
Landon Lets Limited
Statement of financial position
as at 31 March 2025 (continued)
Called up share capital
2
2
Profit and loss account
175,516
157,027
Shareholders' funds
175,518
157,029
For the year ending 31 March 2025 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2025 and were signed on its behalf by
Mark Landon
Director
Company Registration No. 11582473
Landon Lets Limited
Notes to the Accounts
for the year ended 31 March 2025
Landon Lets Limited is a private company, limited by shares, registered in England and Wales, registration number 11582473. The registered office is 10 CASTLE CLOSE, CREIGIAU, CARDIFF, CF15 9NJ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 Years
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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 or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 accounts. 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.
Landon Lets Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Total
5
Deferred taxation
2025
2024
Accelerated capital allowances
29,933
31,676
Revaluation of investment property
8,320
7,399
Tax losses carried forward
(3,753)
(9,142)
Provision at start of year
29,933
31,676
Charged/(credited) to the profit and loss account
4,567
(1,743)
Provision at end of year
34,500
29,933
During the year, the company made interest-free advances to a director amounting to £42,005. These were repayable on demand. The company received credits of £8,413.
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).