ACCOUNTS - Final Accounts

Registered number: 04095432

TWENTY-FIRST CENTURY LAND (DEVELOPMENTS) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2026

TWENTY-FIRST CENTURY LAND (DEVELOPMENTS) LIMITED

REGISTERED NUMBER: 04095432

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2026


	2026	2025
Note	£	£

Fixed assets
Investment property	4		1,275,000		1,275,000
			1,275,000		1,275,000
Current assets
Debtors: amounts falling due within one year	5	1,432		1,423
		1,432		1,423
Creditors: amounts falling due within one year	6	(585,905)		(539,405)
Net current liabilities			(584,473)		(537,982)
Total assets less current liabilities			690,527		737,018
Provisions for liabilities
Deferred tax	7	(146,344)		(146,344)
			(146,344)		(146,344)
Net assets			544,183		590,674

Capital and reserves
Called up share capital	1	1
Other reserves	816,103	816,103
Profit and loss account	(271,921)	(225,430)
	544,183	590,674

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TWENTY-FIRST CENTURY LAND (DEVELOPMENTS) LIMITED

REGISTERED NUMBER: 04095432

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 financial statements have been prepared 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 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 (DEVELOPMENTS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

1.	General information

Twenty-First Century Land (Developments) Limited is a private company limited by shares and incorporated in England and Wales (registered number 04095432). The registered office is 39 High Street, London, E17 7AD.

The principal activity of the company continued to be that of property investment.

The financial statements are presented in Sterling, which is the functional currency of the company.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

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.

2.3

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.

2.4

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.

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TWENTY-FIRST CENTURY LAND (DEVELOPMENTS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

2.Accounting policies (continued)

2.5

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.

2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Employees

The average monthly number of employees, including directors, during the year was 3 (2025 - 3).

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TWENTY-FIRST CENTURY LAND (DEVELOPMENTS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

4.	Investment property

		Investment property
		£
	Valuation
	At 1 April 2025	1,275,000
	At 31 March 2026	1,275,000

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

Debtors

					2026	2025
					£	£


Trade debtors	1,432	1,423
	1,432	1,423

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

Other creditors	578,437	535,214
Accruals and deferred income	7,468	4,191
	585,905	539,405

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TWENTY-FIRST CENTURY LAND (DEVELOPMENTS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

7.	Deferred taxation

		2026
		£

	At beginning of year	(146,344)
	At end of year	(146,344)

The provision for deferred taxation is made up as follows:
	2026	2025
	£	£

	Revaluations	(146,344)	(146,344)
		(146,344)	(146,344)

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