Landmark Developments (Oakford Hse) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05246864 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 March 2019

for

LANDMARK DEVELOPMENTS (OAKFORD HOUSE)

LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

M P Favager

REGISTERED OFFICE:

Penthouse 1, Charters

43 Upper Oldfield Park

Bath

BA2 3LB

REGISTERED NUMBER:

05246864 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Director are not required to be filed with the Registrar

of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Landmark Developments (Oakford House) Limited for the year ended

28 March 2019 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and

the related notes from the company's accounting records and from information and explanations you have

given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Landmark Developments (Oakford House) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Landmark Developments (Oakford House) Limited and state those matters that we have agreed to state to the director of Landmark Developments (Oakford House) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Landmark Developments (Oakford House) Limited and its director for our work or for this report.

It is your duty to ensure that Landmark Developments (Oakford House) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Landmark Developments (Oakford House) Limited. You consider that Landmark Developments (Oakford House) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Landmark Developments (Oakford House) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

31 January 2020

FIXED ASSETS

Tangible assets

3

441

587

CURRENT ASSETS

Stocks

4,429,152

4,341,677

Debtors

4

65,107

104,289

Cash at bank

12,602

30,937

4,506,861

4,476,903

CREDITORS

Amounts falling due within one year

5

3,908,783

3,903,841

NET CURRENT ASSETS

598,078

573,062

TOTAL ASSETS LESS CURRENT LIABILITIES

598,519

573,649

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

598,419

573,549

SHAREHOLDERS' FUNDS

598,519

573,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 approved by the director on 31 January 2020 and were signed by:

M P Favager - Director

1.	STATUTORY INFORMATION

Landmark Developments (Oakford House) Limited 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.

Critical accounting judgements and key sources of estimation uncertainty

No significant judgements or key assumptions have had to be made by the directors in preparing

these financial statements.

Tangible fixed assets

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

Office Equipment

-

25% on reducing balance

Fixtures and fittings

-

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

The company only enters into basic financial instruments transactions that result in the recognition of

financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each

reporting period for objective evidence of impairment. If objective evidence of impairment is found, an

impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference

between an asset's carrying amount and the present value of estimated cash flows discounted at the

asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the

difference between an asset's carrying amount and the best estimate, which is an approximation, of

the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there

is an enforceable right to set off the recognised amounts and there is an intention to settle on a net

basis or to realise the asset and settle the liability simultaneously.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Equipment

fittings

Totals

£

£

£

COST

At 29 March 2018

and 28 March 2019

309

609

918

DEPRECIATION

At 29 March 2018

179

152

331

Charge for year

32

114

146

At 28 March 2019

211

266

477

NET BOOK VALUE

At 28 March 2019

98

343

441

At 28 March 2018

130

457

587

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

65,107

104,289

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

1,640

-

Taxation and social security

5,868

-

Other creditors

3,901,275

3,903,841

3,908,783

3,903,841

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100

Each ordinary share carries the right to one vote to be exercised in accordance with the articles of

association. Each ordinary share carries rights to participate in all approved dividend distributions and

any capital distributions on winding up.