Landtown Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04073180 (England and Wales)

Unaudited Financial Statements

For The Period 1 October 2017 to 31 March 2019

for

LANDTOWN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTORS:

A Liptrot

S Valimahomed

P J Readman

SECRETARY:

A Patel

REGISTERED OFFICE:

Unit 16

Northfields Prospect Business Centre

Putney Bridge Road

London

SW18 1PE

REGISTERED NUMBER:

04073180 (England and Wales)

ACCOUNTANTS:

LBCo Ltd

16 Northfields Prospect

Putney Bridge Road

London

SW18 1PE

FIXED ASSETS

Tangible assets

4

558

953

CURRENT ASSETS

Stocks

-

1,680,956

Debtors

5

1,322,649

1,427,570

Cash at bank

19,562

29,100

1,342,211

3,137,626

CREDITORS

Amounts falling due within one year

6

547,472

4,097,510

NET CURRENT ASSETS/(LIABILITIES)

794,739

(959,884

)

TOTAL ASSETS LESS CURRENT LIABILITIES

795,297

(958,931

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

795,296

(958,932

)

SHAREHOLDERS' FUNDS

795,297

(958,931

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 2 October 2020 and were signed on its behalf by:

S Valimahomed - Director

1.	STATUTORY INFORMATION

Landtown 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.

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.

Office equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for any impairment in

value. Cost includes all direct expenditure.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Going concern

Having received a pledge of support from its bankers, the directors are of the opinion that the company is able to

continue its activities and the accounts have therefore been drawn up on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 October 2017

and 31 March 2019

21,811

DEPRECIATION

At 1 October 2017

20,858

Charge for period

395

At 31 March 2019

21,253

NET BOOK VALUE

At 31 March 2019

558

At 30 September 2017

953

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

30.9.17

£

£

Trade debtors

6,000

-

Amounts owed by

related companies

1,316,120

1,378,720

Other debtors

529

6,000

Corporation tax repayable

-

42,850

1,322,649

1,427,570

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

30.9.17

£

£

Bank loans

21,255

1,950,000

Amounts owed to

related companies

135,474

1,846,489

Social security and other taxes

1,380

38,830

Other creditors

6,600

31,593

Directors' current accounts

382,763

230,598

547,472

4,097,510

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.19

30.9.17

£

£

Bank loan

-

1,950,000

The bank loan is secured on the company's property assets.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

30.9.17

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Retained

earnings

£

At 1 October 2017

(958,932

)

Profit for the period

1,754,228

At 31 March 2019

795,296

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Bralone Ltd., a company incorporated in the British Virgin Islands.

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 March 2019 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

LBCo Ltd

16 Northfields Prospect

Putney Bridge Road

London

SW18 1PE

Date: .............................................