The Langdon Land Limited - Period Ending 2020-06-30
The Langdon Land Limited - Period Ending 2020-06-30
Registration number:
The Langdon Land Limited
for the Year Ended 30 June 2020
The Langdon Land Limited
(Registration number: 09483117)
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
The Langdon Land Limited
(Registration number: 09483117)
Company Information
Directors |
A G E Rowe OBE Hon LLD A Quantick FCA |
Registered office |
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Auditors |
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The Langdon Land Limited
(Registration number: 09483117)
Balance Sheet as at 30 June 2020
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2020 |
2019 |
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Fixed assets |
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Investment property |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Total equity |
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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
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Director
The Langdon Land Limited
(Registration number: 09483117)
Notes to the Financial Statements for the Year Ended 30 June 2020
General information |
The company is a private company limited by share capital, incorporated in the United Kingdom.
The address of its registered office is:
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.
The financial statements are prepared in sterling, which is the functional currency of the company.
The directors have considered the impact of COVID-19 and do not consider it to have a material impact on the balances included within the financial statements.
In addition, the directors do not consider it to cast any significant doubt upon the company's ability to continue to trade as a going concern.
The directors have taken both reactive and proactive measures in order to mitigate any risks associated with COVID-19.
The directors have implemented a robust system of procedures and controls in order to deal with any associated risks.
Audit report
The Langdon Land Limited
(Registration number: 09483117)
Notes to the Financial Statements for the Year Ended 30 June 2020
Depreciation
Asset class |
Depreciation method and rate |
Land |
Not depreciated |
Investment property
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investment properties |
2020 |
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At 1 July |
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At 30 June |
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The investment property held is land. The fair value of the company's investment property was valued on an open market basis by the directors on 30 June 2020.
There has been no valuation of investment property by an independent valuer.
The Langdon Land Limited
(Registration number: 09483117)
Notes to the Financial Statements for the Year Ended 30 June 2020
Creditors |
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2020 |
2019 |
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Due within one year |
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Amounts owed to parent company |
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Parent and ultimate parent undertaking |
The company's immediate parent is
The most senior parent entity producing publicly available financial statements is
The ultimate controlling party is