LANDSEEN LIMITED

2021-01-012021-12-312021-12-31false01286309LANDSEEN LIMITED2022-06-20iso4217:GBPxbrli:pure012863092021-01-01012863092021-12-31012863092021-01-012021-12-31012863092020-01-01012863092020-12-31012863092020-01-012020-12-3101286309bus:SmallEntities2021-01-012021-12-3101286309bus:AuditExempt-NoAccountantsReport2021-01-012021-12-3101286309bus:FullAccounts2021-01-012021-12-3101286309bus:PrivateLimitedCompanyLtd2021-01-012021-12-3101286309core:WithinOneYear2021-12-3101286309core:AfterOneYear2021-12-3101286309core:WithinOneYear2020-12-3101286309core:AfterOneYear2020-12-3101286309core:ShareCapital2021-12-3101286309core:SharePremium2021-12-3101286309core:RevaluationReserve2021-12-3101286309core:OtherReservesSubtotal2021-12-3101286309core:RetainedEarningsAccumulatedLosses2021-12-3101286309core:ShareCapital2020-12-3101286309core:SharePremium2020-12-3101286309core:RevaluationReserve2020-12-3101286309core:OtherReservesSubtotal2020-12-3101286309core:RetainedEarningsAccumulatedLosses2020-12-3101286309core:LandBuildings2021-12-3101286309core:PlantMachinery2021-12-3101286309core:Vehicles2021-12-3101286309core:FurnitureFittings2021-12-3101286309core:OfficeEquipment2021-12-3101286309core:NetGoodwill2021-12-3101286309core:IntangibleAssetsOtherThanGoodwill2021-12-3101286309core:ListedExchangeTraded2021-12-3101286309core:UnlistedNon-exchangeTraded2021-12-3101286309core:LandBuildings2020-12-3101286309core:PlantMachinery2020-12-3101286309core:Vehicles2020-12-3101286309core:FurnitureFittings2020-12-3101286309core:OfficeEquipment2020-12-3101286309core:NetGoodwill2020-12-3101286309core:IntangibleAssetsOtherThanGoodwill2020-12-3101286309core:ListedExchangeTraded2020-12-3101286309core:UnlistedNon-exchangeTraded2020-12-3101286309core:LandBuildings2021-01-012021-12-3101286309core:PlantMachinery2021-01-012021-12-3101286309core:Vehicles2021-01-012021-12-3101286309core:FurnitureFittings2021-01-012021-12-3101286309core:OfficeEquipment2021-01-012021-12-3101286309core:NetGoodwill2021-01-012021-12-3101286309core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3101286309core:ListedExchangeTraded2021-01-012021-12-3101286309core:UnlistedNon-exchangeTraded2021-01-012021-12-3101286309core:MoreThanFiveYears2021-01-012021-12-3101286309core:Non-currentFinancialInstruments2021-12-3101286309core:Non-currentFinancialInstruments2020-12-3101286309dpl:CostSales2021-01-012021-12-3101286309dpl:DistributionCosts2021-01-012021-12-3101286309dpl:AdministrativeExpenses2021-01-012021-12-3101286309core:LandBuildings2021-01-012021-12-3101286309core:PlantMachinery2021-01-012021-12-3101286309core:Vehicles2021-01-012021-12-3101286309core:FurnitureFittings2021-01-012021-12-3101286309core:OfficeEquipment2021-01-012021-12-3101286309core:NetGoodwill2021-01-012021-12-3101286309core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3101286309dpl:GroupUndertakings2021-01-012021-12-3101286309dpl:ParticipatingInterests2021-01-012021-12-3101286309dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3101286309core:ListedExchangeTraded2021-01-012021-12-3101286309dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3101286309core:UnlistedNon-exchangeTraded2021-01-012021-12-3101286309dpl:CostSales2020-01-012020-12-3101286309dpl:DistributionCosts2020-01-012020-12-3101286309dpl:AdministrativeExpenses2020-01-012020-12-3101286309core:LandBuildings2020-01-012020-12-3101286309core:PlantMachinery2020-01-012020-12-3101286309core:Vehicles2020-01-012020-12-3101286309core:FurnitureFittings2020-01-012020-12-3101286309core:OfficeEquipment2020-01-012020-12-3101286309core:NetGoodwill2020-01-012020-12-3101286309core:IntangibleAssetsOtherThanGoodwill2020-01-012020-12-3101286309dpl:GroupUndertakings2020-01-012020-12-3101286309dpl:ParticipatingInterests2020-01-012020-12-3101286309dpl:GroupUndertakingscore:ListedExchangeTraded2020-01-012020-12-3101286309core:ListedExchangeTraded2020-01-012020-12-3101286309dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-01-012020-12-3101286309core:UnlistedNon-exchangeTraded2020-01-012020-12-3101286309core:NetGoodwill2021-12-3101286309core:IntangibleAssetsOtherThanGoodwill2021-12-3101286309core:LandBuildings2021-12-3101286309core:PlantMachinery2021-12-3101286309core:Vehicles2021-12-3101286309core:FurnitureFittings2021-12-3101286309core:OfficeEquipment2021-12-3101286309core:AfterOneYear2021-12-3101286309core:WithinOneYear2021-12-3101286309core:ListedExchangeTraded2021-12-3101286309core:UnlistedNon-exchangeTraded2021-12-3101286309core:ShareCapital2021-12-3101286309core:SharePremium2021-12-3101286309core:RevaluationReserve2021-12-3101286309core:OtherReservesSubtotal2021-12-3101286309core:RetainedEarningsAccumulatedLosses2021-12-3101286309core:NetGoodwill2020-12-3101286309core:IntangibleAssetsOtherThanGoodwill2020-12-3101286309core:LandBuildings2020-12-3101286309core:PlantMachinery2020-12-3101286309core:Vehicles2020-12-3101286309core:FurnitureFittings2020-12-3101286309core:OfficeEquipment2020-12-3101286309core:AfterOneYear2020-12-3101286309core:WithinOneYear2020-12-3101286309core:ListedExch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LANDSEEN LIMITED

Registered Number
01286309
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2021

LANDSEEN LIMITED

Company Information
for the year from 1 January 2021 to 31 December 2021


Directors	FULLER, Allan Henry
	MARTINDALE, Susan Janet


Registered Address	149 Upper Richmond Road
	London
	SW15 2TX


Registered Number	01286309 (England and Wales)

LANDSEEN LIMITED

Balance Sheet as at
31 December 2021

	Notes	2021		2020
		£	£	£	£
Fixed assets
Tangible assets	6		55,711		76,667
Investments	7		3,000		3,000
			58,711		79,667
Current assets
Debtors	10	345,473		203,745
Cash at bank and on hand		137,617		52,337
		483,090		256,082
Creditors amounts falling due within one year	11	(248,022)		(211,534)
Net current assets (liabilities)			235,068		44,548
Total assets less current liabilities			293,779		124,215
Creditors amounts falling due after one year	12		(38,312)		(81,381)
Provisions for liabilities	13		(3,799)		(121)
Net assets			251,668		42,713
Capital and reserves
Called up share capital			100		100
Profit and loss account			251,568		42,613
Shareholders' funds			251,668		42,713

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 20 June 2022, and are signed on its behalf by:

FULLER, Allan Henry
Director
Registered Company No. 01286309

LANDSEEN LIMITED

Notes to the Financial Statements
for the year ended 31 December 2021

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Principal activities
	The principal activity of the company is that of Estate Agents.

4.	Accounting policies

	Functional and presentation currency policy
	The financial statements are presented in pound sterling and this is the functional currency of the company.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Fixtures and fittings	20	-
Vehicles	25	-
Office Equipment	-	3

	Revenue recognition policy
	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 generated from commissions earned in respect of sale of properties, is recognised on exchange of contracts. Revenue generated from fees for letting properties is recognised when the rental payment collected is paid over to the landlord.. Revenue generated from management fees for block management is recognised over the time period for which the fees are earned.

Revenue recognition policy

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 generated from commissions earned in respect of sale of properties, is recognised on exchange of contracts.
Revenue generated from fees for letting properties is recognised when the rental payment collected is paid over to the landlord..
Revenue generated from management fees for block management is recognised over the time period for which the fees are earned.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Government grants and other government assistance policy
	Government grants are accounted for under the accruals model.

	Leases policy
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Investments policy
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments policy

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

5.	Employee information


		2021		2020
	Average number of employees during the year	15		14

6.	Property, plant and equipment

	Land & buildings	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 21	58,260	172,355	72,162	13,381	316,158
Additions	-	-	331	3,499	3,830
Disposals	-	(92,742)	-	-	(92,742)
At 31 December 21	58,260	79,613	72,493	16,880	227,246
Depreciation and impairment
At 01 January 21	58,259	136,611	41,988	2,633	239,491
Charge for year	-	4,568	6,103	4,047	14,718
On disposals	-	(82,674)	-	-	(82,674)
At 31 December 21	58,259	58,505	48,091	6,680	171,535
Net book value
At 31 December 21	1	21,108	24,402	10,200	55,711
At 31 December 20	1	35,744	30,174	10,748	76,667

7.	Fixed asset investments

	Other investments other than loans	Total
	£	£
Cost or valuation
At 01 January 21	3,000	3,000
At 31 December 21	3,000	3,000
Net book value
At 31 December 21	3,000	3,000
At 31 December 20	3,000	3,000

8.	Description of financial commitments other than capital commitments
	The company has commitments for rent of premises of £191,250 (2020: £242,250)

9.	Directors benefits

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
FULLER, Allan Henry	103,130	119,032	0	222,162
MARTINDALE, Susan Janet	0	5,582	0	5,582
	103,130	124,614	0	227,744


	Interest has been charged at the HMRC beneficial loans rate on the advances at the Directors

10.	Debtors

	2021	2020
	£	£
Trade debtors / trade receivables	40,969	47,120
Other debtors	297,194	146,780
Prepayments and accrued income	7,310	9,845
Total	345,473	203,745

11.	Creditors within one year

	2021	2020
	£	£
Trade creditors / trade payables	16,375	47,647
Bank borrowings and overdrafts	21,476	20,807
Taxation and social security	183,486	119,684
Finance lease and HP contracts	4,805	14,114
Other creditors	5,588	4,532
Accrued liabilities and deferred income	16,292	4,750
Total	248,022	211,534

12.	Creditors after one year

	2021	2020
	£	£
Bank borrowings and overdrafts	35,327	58,470
Other creditors	2,985	22,911
Total	38,312	81,381

13.	Provisions for liabilities

	2021	2020
	£	£
Net deferred tax liability (asset)	3,799	121
Total	3,799	121