10 February 2024 false No description of principal activity Taxfiler 2024.6 15478724 business:PrivateLimitedCompanyLtd 2024-02-10 2025-02-28 15478724 2024-02-09 15478724 2024-02-10 2025-02-28 15478724 business:AuditExemptWithAccountantsReport 2024-02-10 2025-02-28 15478724 business:AbridgedAccounts 2024-02-10 2025-02-28 15478724 2025-02-28 15478724 business:Director1 2024-02-10 2025-02-28 15478724 business:Director2 2024-02-10 2025-02-28 15478724 business:Director3 2024-02-10 2025-02-28 15478724 business:RegisteredOffice 2024-02-10 2025-02-28 15478724 core:WithinOneYear 2025-02-28 15478724 core:AfterOneYear 2025-02-28 15478724 core:ShareCapital core:PreviouslyStatedAmount 2025-02-28 15478724 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-02-28 15478724 core:PreviouslyStatedAmount 2025-02-28 15478724 business:SmallEntities 2024-02-10 2025-02-28 15478724 countries:EnglandWales 2024-02-10 2025-02-28 15478724 core:FurnitureFittings 2024-02-10 2025-02-28 iso4217:GBP xbrli:pure
Company Registration No. 15478724 (England and Wales)
Lands Gate Properties Ltd Unaudited accounts for the period from 10 February 2024 to 28 February 2025
Lands Gate Properties Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Lands Gate Properties Ltd Company Information for the period from 10 February 2024 to 28 February 2025
Directors
Meir Goldberg Leiby Leibowitz Yehuda Shloime Salomon
Company Number
15478724 (England and Wales)
Registered Office
First Floor, Anna House 214-218 High Road London N15 4NP United Kingdom
- 3 -
Lands Gate Properties Ltd Statement of financial position as at 28 February 2025
2025
Notes
£
Fixed assets
Tangible assets
4
7,334
Investment property
5,723,238
Investments
100
5,730,672
Current assets
Debtors
1,267,674
Cash at bank and in hand
1,637
1,269,311
Creditors: amounts falling due within one year
(3,856,660)
Net current liabilities
(2,587,349)
Total assets less current liabilities
3,143,323
Creditors: amounts falling due after more than one year
(3,270,751)
Net liabilities
(127,428)
Capital and reserves
Called up share capital
100
Profit and loss account
(127,528)
Shareholders' funds
(127,428)
For the period ending 28 February 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 period 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 10 February 2026 and were signed on its behalf by
Leiby Leibowitz Director Company Registration No. 15478724
- 4 -
Lands Gate Properties Ltd Notes to the Accounts for the period from 10 February 2024 to 28 February 2025
1
Statutory information
Lands Gate Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 15478724. The registered office is First Floor, Anna House, 214-218 High Road, London, N15 4NP, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Fixtures & fittings
25% reducing balance basis
Investment property
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.
Financial instruments
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.
- 5 -
Lands Gate Properties Ltd Notes to the Accounts for the period from 10 February 2024 to 28 February 2025
4
Tangible fixed assets
Total
£
Cost or valuation
At 10 February 2024
-
Additions
7,334
At 28 February 2025
7,334
Depreciation
At 28 February 2025
-
Net book value
At 28 February 2025
7,334
5
Average number of employees
During the period the average number of employees was 0.
- 6 -