ACCOUNTS - Final Accounts

Registered number: 04422030

TWENTY-FIRST CENTURY LAND (NO.3) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2026

TWENTY-FIRST CENTURY LAND (NO.3) LIMITED

REGISTERED NUMBER: 04422030

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026

		2026		2025
Note		£		£

Fixed assets
Investment property	4		301,000		301,000
			301,000		301,000
Current assets
Debtors: amounts falling due within one year	5	85		85
Current asset investments	6	1		1
Cash at bank and in hand	7	-		6,250
		86		6,336
Creditors: amounts falling due within one year	8	(1,473,208)		(1,475,784)
Net current liabilities			(1,473,122)		(1,469,448)
Total assets less current liabilities			(1,172,122)		(1,168,448)

Net liabilities			(1,172,122)		(1,168,448)

Capital and reserves
Called up share capital	100	100
Revaluation reserve	73,138	73,138
Profit and loss account	(1,245,360)	(1,241,686)
	(1,172,122)	(1,168,448)

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TWENTY-FIRST CENTURY LAND (NO.3) LIMITED

REGISTERED NUMBER: 04422030

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2026

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

S N Grant

Director

Date: 26 October 2026

The notes on pages 3 to 6 form part of these financial statements.

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TWENTY-FIRST CENTURY LAND (NO.3) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Twenty-First Century Land (No.3) Limited is a private company limited by shares, incorporated in England and Wales (registered number 04422030). The registered office is 39 High Street, London, E17 7AD.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The directors have obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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TWENTY-FIRST CENTURY LAND (NO.3) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.4

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.

Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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TWENTY-FIRST CENTURY LAND (NO.3) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Employees

The average monthly number of employees, including the directors, during the year was as follows:

	2026	2025
	No.	No.

Employees	3	3

4.	Investment property

		Investment property
		£
	Valuation
	At 1 April 2025	301,000
	At 31 March 2026	301,000

The 2026 valuations were made by the directors, on an open market value basis.

Debtors

					2026	2025
					£	£


Called up share capital not paid	85	85
	85	85

6.	Current asset investments
		2026	2025
		£	£

Unlisted investments	1	1
	1	1

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TWENTY-FIRST CENTURY LAND (NO.3) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

7.	Cash and cash equivalents
		2026	2025
		£	£

Cash at bank and in hand	-	6,250
	-	6,250

8.	Creditors: Amounts falling due within one year
		2026	2025
		£	£

Other creditors	1,468,045	1,467,654
Accruals and deferred income	5,163	8,130
	1,473,208	1,475,784

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