Landseen Limited 31/12/2020 iXBRL
Landseen Limited 31/12/2020 iXBRL
Company registration number:
01286309
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Directors |
|
|
|
||
Company number |
|
|
Registered office |
|
|
|
||
|
||
Accountants |
|
|
44 Jellicoe gardens | ||
Stanmore | ||
Middlesex | ||
HA7 3NS | ||
Statement of financial position
31 December 2020
2020 | 2019 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
|
|
||||||
Investments | 6 |
|
|
||||||
_______ | _______ | ||||||||
|
|
||||||||
Current assets | |||||||||
Debtors | 7 |
|
|
||||||
Cash at bank and in hand |
|
|
|||||||
_______ | _______ | ||||||||
|
|
||||||||
Creditors: amounts falling due | |||||||||
within one year | 8 |
(
|
(
|
||||||
_______ | _______ | ||||||||
Net current assets/(liabilities) |
|
(
|
|||||||
_______ | _______ | ||||||||
Total assets less current liabilities |
|
(
|
|||||||
Creditors: amounts falling due | |||||||||
after more than one year | 9 |
(
|
(
|
||||||
Provisions for liabilities |
(
|
- | |||||||
_______ | _______ | ||||||||
Net assets/(liabilities) |
|
(
|
|||||||
_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
|
|
|||||||
Profit and loss account |
|
(
|
|||||||
_______ | _______ | ||||||||
Shareholders funds/(deficit) |
|
(
|
|||||||
_______ | _______ | ||||||||
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
10 May 2021
, and are signed on behalf of the board by:
Director
Company registration number:
01286309
Statement of changes in equity
Year ended 31 December 2020
Called up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 1 January 2019 |
|
(
|
(
|
||
Profit/(loss) for the year |
(
|
(
|
|||
_______ | _______ | _______ | |||
Total comprehensive income for the year | - |
(
|
(
|
||
_______ | _______ | _______ | |||
At 31 December 2019 and 1 January 2020 |
|
(
|
(
|
||
Profit/(loss) for the year |
|
|
|||
_______ | _______ | _______ | |||
Total comprehensive income for the year | - |
|
|
||
_______ | _______ | _______ | |||
At 31 December 2020 |
|
|
|
||
_______ | _______ | _______ | |||
Notes to the financial statements
Year ended 31 December 2020
1.
General information
The company is a private company limited by shares, registered in UK. The address of the registered office is 149 Upper Richmond Road, London, SW15 2TX.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.
Taxation
Operating leases
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property | - | over the life of the lease | ||
Fittings fixtures and equipment | - |
|
|
|
Motor vehicles | - |
|
|
|
Computer equipment | - |
|
straight line | |
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Government grants
Provisions
Financial instruments
The Company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks, loans to related parties and investments in ordinary shares.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Once the contributions have beeen paid the Company has no further payment obligations.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
14
(2019:
17
).
5.
Tangible assets
Long leasehold property | Fixtures, fittings and equipment | Motor vehicles | Computer equipment | Total | ||
£ | £ | £ | £ | £ | ||
Cost | ||||||
At 1 January 2020 |
|
|
|
|
|
|
Additions | - |
|
|
|
|
|
Disposals | - | - |
(
|
- |
(
|
|
_______ | _______ | _______ | _______ | _______ | ||
At 31 December 2020 |
|
|
|
|
|
|
_______ | _______ | _______ | _______ | _______ | ||
Depreciation | ||||||
At 1 January 2020 |
|
|
|
|
|
|
Charge for the year | - |
|
|
|
|
|
Disposals | - | - |
(
|
- |
(
|
|
_______ | _______ | _______ | _______ | _______ | ||
At 31 December 2020 |
|
|
|
|
|
|
_______ | _______ | _______ | _______ | _______ | ||
Carrying amount | ||||||
At 31 December 2020 |
|
|
|
|
|
|
_______ | _______ | _______ | _______ | _______ | ||
At 31 December 2019 |
|
|
|
|
|
|
_______ | _______ | _______ | _______ | _______ | ||
6.
Investments
Other investments other than loans | Total | ||
£ | £ | ||
Cost | |||
At 1 January 2020 and 31 December 2020 |
|
|
|
_______ | _______ | ||
Impairment | |||
At 1 January 2020 and 31 December 2020 | - | - | |
_______ | _______ | ||
Carrying amount | |||
At 31 December 2020 |
|
|
|
_______ | _______ | ||
At 31 December 2019 |
|
|
|
_______ | _______ | ||
7.
Debtors
2020 | 2019 | |||
£ | £ | |||
Trade debtors |
|
|
||
Other debtors |
|
|
||
_______ | _______ | |||
|
|
|||
_______ | _______ | |||
8.
Creditors: amounts falling due within one year
2020 | 2019 | |||
£ | £ | |||
Bank loans and overdrafts |
|
|
||
Trade creditors |
|
|
||
Corporation tax |
|
- | ||
Social security and other taxes |
|
|
||
Other creditors |
|
|
||
_______ | _______ | |||
|
|
|||
_______ | _______ | |||
Bank loans and overdrafts are secured over the assets of the company.
9.
Creditors: amounts falling due after more than one year
2020 | 2019 | |||
£ | £ | |||
Bank loans and overdrafts |
|
|
||
Other creditors |
|
|
||
_______ | _______ | |||
|
|
|||
_______ | _______ | |||
10.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | |||||
2020 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
|
|
|
- |
|
|
|
- | - | - | - | |
_______ | _______ | _______ | _______ | ||
2019 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
|
|
(
|
- |
|
|
|
|
- |
(
|
- | |
_______ | _______ | _______ | _______ | ||
|
(
|
(
|
|
||
_______ | _______ | _______ | _______ | ||
During the year interest amounting to £1440 (2019: £1932) was charged in respect of the above.
11.
Gurantees and other financial commitments
Total amounts of commitments is £242250 (2019: £293250)