Land & Property Investment Service Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09165965 (England and Wales)

REPORT OF THE DIRECTOR AND

FINANCIAL STATEMENTS

FOR THE PERIOD 27 FEBRUARY 2024 TO 25 FEBRUARY 2025

FOR

LAND & PROPERTY INVESTMENT SERVICE LTD

Page

Company Information

1

Report of the Director

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

8

DIRECTOR:

Mr M Harding

REGISTERED OFFICE:

Britannic House

657 Liverpool Road

Irlam

Manchester

Greater Manchester

M44 5XD

REGISTERED NUMBER:

09165965 (England and Wales)

ACCOUNTANTS:

Cadishead Accountancy Services Limited

Britannic House

657 Liverpool Road

Irlam

Manchester

Lancashire

M44 5XD

BANKERS:

Lloyds TSB

45 Hustlergate

West Yorkshire

BD1 1NT

The director presents his report with the financial statements of the company for the period 27 February 2024 to 25 February 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of property development.

DIRECTOR

Mr M Harding held office during the whole of the period from 27 February 2024 to the date of this report.

His beneficial interest in the shares of the company, according to the register of directors' interests, was as follows:

25.2.25

27.2.24

Ordinary shares of £1 each

1

He did not hold any non-beneficial interests in the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr M Harding - Director

24 December 2025

FIXED ASSETS

Tangible assets

4

94,364

124,931

Investment property

5

1,650,000

1,550,000

1,744,364

1,674,931

CURRENT ASSETS

Stocks

175,227

208,634

Debtors

6

170,941

683,810

Cash at bank

190,608

14,458

536,776

906,902

CREDITORS

Amounts falling due within one year

7

(394,992

)

(732,716

)

NET CURRENT ASSETS

141,784

174,186

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,886,148

1,849,117

CREDITORS

Amounts falling due after more than one
year

8

(631,245

)

(664,612

)

PROVISIONS FOR LIABILITIES

(198,982

)

(210,236

)

NET ASSETS

1,055,921

974,269

CAPITAL AND RESERVES

Called up share capital

1

Fair value reserve

10

750,535

669,535

Retained earnings

305,385

304,733

SHAREHOLDERS' FUNDS

1,055,921

974,269

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 25 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 25 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 December 2025 and were signed by:

Mr M Harding - Director

1.	STATUTORY INFORMATION

Land & Property Investment Service Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Investment property

The investment property has been revalued to reflect current fair value at year end.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 period 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 27 February 2024

16,292

261,422

-

277,714

Additions

-

833

At 25 February 2025

16,292

261,422

833

278,547

DEPRECIATION

At 27 February 2024

11,166

141,617

-

152,783

Charge for period

1,282

29,951

167

31,400

At 25 February 2025

12,448

171,568

167

184,183

NET BOOK VALUE

At 25 February 2025

3,844

89,854

666

94,364

At 26 February 2024

5,126

119,805

-

124,931

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 27 February 2024

1,550,000

Revaluations

100,000

At 25 February 2025

1,650,000

NET BOOK VALUE

At 25 February 2025

1,650,000

At 26 February 2024

1,550,000

Fair value at 25 February 2025 is represented by:

£

Valuation in 2017

184,154

Valuation in 2018

160,000

Valuation in 2019

80,254

Valuation in 2020

195,419

Valuation in 2022

209,990

Valuation in 2024

23,093

Valuation in 2025

100,000

Cost

697,090

1,650,000

If the investment property had not been revalued it would have been included at the following historical cost:

25.2.25

26.2.24

£

Cost

697,090

Investment property was valued on open market basis on 26 February 2024 by the Director. .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

25.2.25

26.2.24

£

Trade debtors

11,615

-

Amounts owed by participating interests

152,946

677,860

Other debtors

6,380

5,950

170,941

683,810

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

25.2.25

26.2.24

£

Bank loans and overdrafts

157,413

141,965

Hire purchase contracts

27,572

33,431

Trade creditors

1,451

2,818

Amounts owed to participating interests

12,380

10,380

Taxation and social security

28,540

60,740

Other creditors

167,636

483,382

394,992

732,716

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

25.2.25

26.2.24

£

Bank loans

540,895

546,777

Hire purchase contracts

90,350

117,835

631,245

664,612

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

517,366

523,248

9.	SECURED DEBTS

The following secured debts are included within creditors:

25.2.25

26.2.24

£

Bank loans

681,777

687,659

Hire purchase contracts

117,922

151,266

799,699

838,925

The bank loans are secured on the assets to which they relate.

The hire purchase contracts are secured on the assets to which they relate.

10.

RESERVES

Fair

value

reserve

£

At 27 February 2024

669,535

Property revaluation reserve

81,000

At 25 February 2025

750,535

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Harding.