LANDMARK PROPERTY VENTURES LTD,Ltd - AccountsLtd

Registered Number :

07456358

As at 31 December 2024

LANDMARK PROPERTY VENTURES LTD

Statement of Financial Position

2023

2024

Notes

Fixed assets

2,937,550

Investment property

2,937,550

Current assets

Trade and other receivables

1,655,487

1,631,689

Cash and cash equivalents

2,992

1,634,681

1,655,487

Trade and other payables: amounts falling due within one

year

(3,690,221)

(2,376,200)

(2,034,734)

(741,519)

Net current liabilities

Total assets less current liabilities

2,196,031

902,816

Trade and other payables: amounts falling due after more

than one year

(23,615)

(1,369,963)

(216,462)

Provisions for liabilities

609,606

Net assets

662,739

Capital and reserves

Called up share capital

100

Retained earnings

609,506

662,639

609,606

662,739

Shareholders' funds

For the year ended 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 of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

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

Mr Dalbir Sandhu Director

These financial statements were approved and authorised for issue by the Board on 27 December 2025 and were signed by:

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For the year ended 31 December 2024

LANDMARK PROPERTY VENTURES LTD

Notes to the Financial Statements

Statutory Information

LANDMARK PROPERTY VENTURES LTD is a private limited company, limited by shares, domiciled in England and

Wales, registration number 07456358.

Registered address:

32b Station Road

Gerrards Cross

Buckinghamshire

SL9 8EL

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for sale of residential land and properties. Revenue from the sale of properties is recognised when the properties have been transferred to the customers such that the risks and rewards of ownership of are transferred to them.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Inventories

Stocks represent property developments either in progress or completed but not yet sold. Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and labour costs that have been incurred in bringing the stocks to their present condition. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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For the year ended 31 December 2024

LANDMARK PROPERTY VENTURES LTD

Notes to the Financial Statements Continued

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being

estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is

impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual

asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The

cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows

that largely independent of the cash inflows from other assets or groups of assets.

2. Trade and other receivables

2023

2024

Amounts owed by group undertakings and participating interests

1,565,379

1,641,488

Other debtors

66,310

13,999

1,655,487

1,631,689

The debtors above include the following amounts falling due after more than one year:

Other debtors

66,310

13,999

3. Trade and other payables: amounts falling due within one year

2023

2024

Bank loans and overdraft (secured)

1,314,540

Other creditors

2,376,200

2,375,681

2,376,200

3,690,221

4. Average number of persons employed

During the year the average number of employees was 0

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