Landspace Limited - Period Ending 2021-03-31

Landspace Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 5

Landspace Limited

Company Information

Directors

Mr SJ Lawrinson Ms CMC Cowley Mr WG Newlands

Registered office

21 Bloomsbury Place Brighton East Sussex BN2 1DB

Accountants

Durston Gibb Limited Chartered Accountants Lower Ground Floor 49 Blatchington Road Hove East Sussex BN3 3YJ

Landspace Limited

(Registration number: 01570767)
Balance Sheet as at 31 March 2021

	Note	2021 £	2020 £
Current assets
Debtors	4	13	43
Cash at bank and in hand		705	550
		718	593
Creditors: Amounts falling due within one year	5	(463)	(457)
Net assets		255	136
Capital and reserves
Called up share capital	6	125	125
Profit and loss account		130	11
Shareholders' funds		255	136

For the financial year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 5 April 2021 and signed on its behalf by:
 

Landspace Limited

(Registration number: 01570767)
Balance Sheet as at 31 March 2021

.........................................

Ms CMC Cowley
Director

Landspace Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

1	General information

Country of incorporation

The address of its registered office is:
21 Bloomsbury Place
Brighton
East Sussex
BN2 1DB

These financial statements were authorised for issue by the Board on 5 April 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for services charges from leaseholders for provision of services in the ordinary course of the company’s activities. Services charges are recognised in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from leaseholders for service charges levied in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Landspace Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2021

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2020 - 3).

4

Debtors

	2021 £	2020 £
Trade debtors	13	43
	13	43

5

Creditors

Creditors: amounts falling due within one year

	2021 £	2020 £
Due within one year
Accruals and deferred income	463	457

6	Share capital

Allotted, called up and fully paid shares

	2021		2020
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100