Landmark Office Units Ltd - Accounts to registrar (filleted) - small 18.2

Landmark Office Units Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 07061080 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2018

for

Landmark Office Units Ltd

Landmark Office Units Ltd (Registered number: 07061080)






Contents of the Financial Statements
for the Year Ended 31 October 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Landmark Office Units Ltd

Company Information
for the Year Ended 31 October 2018







DIRECTOR: Mr K K Gosselin





REGISTERED OFFICE: Landmark House
43-45 Merton Road
Bootle
Merseyside
L20 7AP





REGISTERED NUMBER: 07061080 (England and Wales)





ACCOUNTANTS: Craig Callum Associates Ltd
Landmark House
43-45 Merton Road
Bootle
Liverpool
Merseyside
L20 7AP

Landmark Office Units Ltd (Registered number: 07061080)

Balance Sheet
31 October 2018

31.10.18 31.10.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,144 8,030
Investment property 5 3,402,000 3,280,000
3,409,144 3,288,030

CURRENT ASSETS
Debtors 6 7,683 4,978
Cash at bank and in hand 25,361 12,606
33,044 17,584
CREDITORS
Amounts falling due within one year 7 652,717 709,238
NET CURRENT LIABILITIES (619,673 ) (691,654 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,789,471

2,596,376

CREDITORS
Amounts falling due after more than one
year

8

(804,041

)

(804,041

)

PROVISIONS FOR LIABILITIES 9 (60,255 ) (24,854 )
NET ASSETS 1,925,175 1,767,481

CAPITAL AND RESERVES
Called up share capital 1,548,000 1,548,000
Revaluation reserve 10 118,820 118,820
Retained earnings 258,355 100,661
SHAREHOLDERS' FUNDS 1,925,175 1,767,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Landmark Office Units Ltd (Registered number: 07061080)

Balance Sheet - continued
31 October 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 22 July 2019 and were signed by:





Mr K K Gosselin - Director


Landmark Office Units Ltd (Registered number: 07061080)

Notes to the Financial Statements
for the Year Ended 31 October 2018

1. STATUTORY INFORMATION

Landmark Office Units Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

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 2 (2017 - 2 ) .

Landmark Office Units Ltd (Registered number: 07061080)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2018

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 November 2017 12,963 58,343 71,306
Additions - 2,209 2,209
At 31 October 2018 12,963 60,552 73,515
DEPRECIATION
At 1 November 2017 7,554 55,722 63,276
Charge for year 1,352 1,743 3,095
At 31 October 2018 8,906 57,465 66,371
NET BOOK VALUE
At 31 October 2018 4,057 3,087 7,144
At 31 October 2017 5,409 2,621 8,030

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2017 3,280,000
Additions 5,888
Disposals (193,000 )
Revaluations 309,112
At 31 October 2018 3,402,000
NET BOOK VALUE
At 31 October 2018 3,402,000
At 31 October 2017 3,280,000

Fair value at 31 October 2018 is represented by:

£   
Valuation in 2013 (230,685 )
Valuation in 2014 19,600
Valuation in 2015 329,905
Valuation in 2016 (24,938 )
Valuation in 2017 29,428
Valuation in 2018 309,112
Cost 2,969,578
3,402,000

Landmark Office Units Ltd (Registered number: 07061080)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2018

5. INVESTMENT PROPERTY - continued

If Investment properties had not been revalued they would have been included at the following historical cost:

31.10.18 31.10.17
£    £   
Cost 2,969,578 3,156,690

Investment properties were valued on an open market basis on 31 October 2018 by the Directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.18 31.10.17
£    £   
Other debtors 7,683 4,978

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.18 31.10.17
£    £   
Trade creditors 10,871 10,777
Taxation and social security 345 7,181
Other creditors 641,501 691,280
652,717 709,238

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.18 31.10.17
£    £   
Other creditors 804,041 804,041

9. PROVISIONS FOR LIABILITIES
31.10.18 31.10.17
£    £   
Deferred tax 60,255 24,854

Deferred
tax
£   
Balance at 1 November 2017 24,854
Provided during year 35,401
Balance at 31 October 2018 60,255

10. RESERVES
Revaluation
reserve
£   
At 1 November 2017
and 31 October 2018 118,820

Landmark Office Units Ltd (Registered number: 07061080)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2018

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2018 and
31 October 2017:

31.10.18 31.10.17
£    £   
Mrs M Walsh and Mr K K Gosselin
Balance outstanding at start of year (677,780 ) (372,770 )
Amounts advanced 50,741 -
Amounts repaid - (305,010 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (627,039 ) (677,780 )

12. ULTIMATE CONTROLLING PARTY

The controlling party is Landmark Developments Inc.