Landpalm Limited - Filleted accounts

Registered number

05439312

Landpalm Limited

Filleted Accounts

31 August 2025

Landpalm Limited
Registered number:		05439312
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Current assets
Cash at bank and in hand		82,263			179,735

Creditors: amounts falling due within one year	3	(71,787)			(170,997)

Net current assets			10,476			8,738

Net assets			10,476			8,738

Capital and reserves
Called up share capital			99			99
Profit and loss account			10,377			8,639

Shareholders' funds			10,476			8,738

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




P D Stanley
Director
Approved by the board on 10 November 2025

Landpalm Limited
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents rental income receivable, which is recognised for the period to which the rent relates. Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

	Tangible fixed assets
	Properties are stated at their open market value. These are arrived at through periodic external valuations and reviewed each year between external valuations by the directors. Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.






2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


3	Creditors: amounts falling due within one year		2025		2024
£				£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest		70,887		168,835
	Taxation and social security costs		900		2,162
			71,787		170,997


4	Related party transactions		2025		2024
£				£
	Crestvale Properties Limited
	The Company is a wholly owned subsidiary of Crestvale Properties Limited.
	Amount due (to)/from related party		(70,887)		(168,835)

5	Controlling party

	The company is a wholly owned subsidiary of Crestvale Properties Limited. In the opinion of the directors, there is no ultimate controlling party.


6	Other information

	Landpalm Limited is a private company limited by shares and incorporated in England. Its registered office is:
	26/28 Great Portland Street
	London
	W1W 8QT