REGISTERED NUMBER: NI602984 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

LANDSCAPE ENTERPRISE LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

G Wall

Mrs H Wall

REGISTERED OFFICE:

17 Clarendon Road

Clarendon Dock

Belfast

BT1 3BG

REGISTERED NUMBER:

NI602984 (Northern Ireland)

ACCOUNTANTS:

Baker Tilly Mooney Moore

17 Clarendon Road

Belfast

BT1 3BG

FIXED ASSETS

Intangible assets

4

4,110

-

Tangible assets

5

2,613,878

2,638,935

2,617,988

2,638,935

CURRENT ASSETS

Stocks

98,099

120,482

Debtors

6

1,461,156

1,224,083

Cash at bank

85,097

257,694

1,644,352

1,602,259

CREDITORS

Amounts falling due within one year

7

1,927,249

2,020,031

NET CURRENT LIABILITIES

(282,897

)

(417,772

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,335,091

2,221,163

CREDITORS

Amounts falling due after more than one year

8

(1,056,572

)

(1,260,089

)

PROVISIONS FOR LIABILITIES

(181,650

)

(173,723

)

NET ASSETS

1,096,869

787,351

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

1,096,859

787,341

SHAREHOLDERS' FUNDS

1,096,869

787,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 authorised for issue by the Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by:

G Wall - Director

1.	STATUTORY INFORMATION

Landscape Enterprise Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

The address of the company's place of business is 97 Crumlin Road, Belfast, BT14 6AD.

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.

Significant judgements and estimates

In preparing these financial statements the director has made the following judgements:

Determine whether there are indicators of impairment of the company's intangible and tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the assets and the business in general.

Consider the valuation of stock and the requirement for write down provisions. These considerations are undertaken regularly by the director, and especially at the year end date. Factors taken into account include historical experience and knowledge of the sector. Stock identified as impaired will be written down in value in the relevant period.

The director also considers the depreciation and amortisation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remains reasonable.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures, fittings & equipment

-

20% on cost

Motor vehicles

-

25% on reducing balance

Stocks

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

Financial instruments

All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors

Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

- Loans and borrowings

All loans and borrowings are initially recorded at the present value of cash payable to the lender in settlement of the liability discounted at the market interest rate. Subsequently loans and borrowings are stated at amortised cost using the effective interest rate method. The computation of amortised cost includes any issue costs, transaction costs and fees, and any discount or premium on settlement, and the effect of this is to amortise these amounts over the expected borrowing period. Loans with no stated interest rate and repayable within one period or on demand are not amortised. Loans and borrowings are classified as current liabilities unless the borrower has an unconditional right to defer settlement of the liability for at least 12 months after the financial period end date.

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 52 (2024 - 50 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

350,000

Additions

4,250

At 30 April 2025

354,250

AMORTISATION

At 1 May 2024

350,000

Charge for year

140

At 30 April 2025

350,140

NET BOOK VALUE

At 30 April 2025

4,110

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2024

2,660,757

333,790

2,994,547

Additions

1,000

100,067

101,067

At 30 April 2025

2,661,757

433,857

3,095,614

DEPRECIATION

At 1 May 2024

214,728

140,884

355,612

Charge for year

53,222

72,902

126,124

At 30 April 2025

267,950

213,786

481,736

NET BOOK VALUE

At 30 April 2025

2,393,807

220,071

2,613,878

At 30 April 2024

2,446,029

192,906

2,638,935

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Amounts owed by related parties

1,373,297

1,098,290

Other debtors

87,859

125,793

1,461,156

1,224,083

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans and overdrafts

174,686

120,840

Trade creditors

361,385

464,963

Amounts owed to related parties

875,970

837,123

Taxation and social security

202,801

161,298

Other creditors

312,407

435,807

1,927,249

2,020,031

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Bank loans

466,956

538,551

Other creditors

589,616

721,538

1,056,572

1,260,089

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due after 5 years by installment

45,931

58,137

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Bank loans

641,642

659,391

Henderson Loan

651,921

753,843

1,293,563

1,413,234

The AIB loan is secured on all property known as 95 Crumlin Road, Belfast. and all the freehold land comprising part of the land in the townland of townparks, being to the east of clifton park, Belfast. The loan also contains a fixed and floating charge that covers all property or undertaking of the company.

The Henderson loan is secured on all lands, premises and buildings thereon comprised in that part of folio AN258319 County Antrim and contains a fixed and floating charge over all property or undertaking of the company.

10.	ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Landscape Enterprise Holding Limited, a company incorporated in Northern Ireland.

The ultimate controlling parties are Mr G Wall and Mrs H Wall by virtue of their shareholding.