Registrar
Registration number:
Land Charter (Brentwood) Limited
for the Period from 1 November 2023 to 31 December 2024
Land Charter (Brentwood) Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Land Charter (Brentwood) Limited
Company Information
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Directors |
H M Darlington |
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Company secretary |
Land Secretaries Ltd |
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Registered office |
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Bankers |
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Accountants |
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Land Charter (Brentwood) Limited
(Registration number: 08246267)
Balance Sheet as at 31 December 2024
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Note |
2024 |
(As restated) |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Capital and reserves |
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Called up share capital |
4 |
4 |
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Retained earnings |
9,502 |
10,942 |
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Shareholders' funds |
9,506 |
10,946 |
For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
Director
Land Charter (Brentwood) Limited
Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention.
These financial statements are presented in Sterling (£), which is the company's functional currency.
Prior period errors
Comparative figures for the year ended 31 October 2023 have been restated.The company is a management company dealing with the service charges for the residents of the development known as Forge Close. In the prior year, the company service charge balances were incorrectly presented as income of the company rather than held on trust for the lease holders.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.
Tax
Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Land Charter (Brentwood) Limited
Notes to the Unaudited Financial Statements for the Period from 1 November 2023 to 31 December 2024
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Share capital
Ordinary shares are classified as equity.
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Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
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Debtors |
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2024 |
(As restated) |
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Other debtors |
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