REGISTERED NUMBER: 13226487 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

Landrose Bristol 02 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W J R Woodward

REGISTERED OFFICE:

Deben House

1 - 5 Lawrence Hill

Bristol

BS5 0BY

REGISTERED NUMBER:

13226487 (England and Wales)

ACCOUNTANTS:

TAG Accountants Group Limited

Unit 8, Pendeford Place

Pendeford Business Park

Wobaston Road

Wolverhampton

WV9 5HD

FIXED ASSETS

Investment property

4

3,004,000

3,060,000

CURRENT ASSETS

Debtors

5

426,596

455,063

Cash at bank

1

1,655

426,597

456,718

CREDITORS

Amounts falling due within one year

6

755,772

782,457

NET CURRENT LIABILITIES

(329,175

)

(325,739

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,674,825

2,734,261

CREDITORS

Amounts falling due after more than one year

7

(1,746,000

)

(1,746,000

)

PROVISIONS FOR LIABILITIES

(222,168

)

(222,168

)

NET ASSETS

706,657

766,093

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

706,656

766,092

SHAREHOLDERS' FUNDS

706,657

766,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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 30 December 2025 and were signed by:

W J R Woodward - Director

1.	STATUTORY INFORMATION

Landrose Bristol 02 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.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2023

and 31 October 2024

3,142,400

DEPRECIATION

At 1 November 2023

82,400

Charge for year

56,000

At 31 October 2024

138,400

NET BOOK VALUE

At 31 October 2024

3,004,000

At 31 October 2023

3,060,000

Fair value at 31 October 2024 is represented by:

£

Valuation in 2022

968,652

Valuation in 2022

(249,876

)

Valuation in 2023

342,400

Cost

2,081,224

3,142,400

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

as restated

£

£

Amounts owed by group undertakings

426,596

455,063

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

as restated

£

£

Trade creditors

21,262

18,963

Amounts owed to group undertakings

711,046

754,058

Other creditors

23,464

9,436

755,772

782,457

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

as restated

£

£

Other creditors

1,746,000

1,746,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.24

31.10.23

value:

as restated

£

£

1

Ordinary

1

1

1

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	SECURED DEBTS

A legal charge is held over Deben House, 1-5 Lawrence Hill, Bristol, BS5 0BY.

The carrying amount owed to Shawbrook Bank Limited by Landrose Bristol 02 Ltd at year end was £1,700,000.