ACCOUNTS - Final Accounts preparation

Cash and cash equivalents

LANDMARK PROPERTY CONSTRUCTION LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-142021-12-142021-03-012truefalseNo description of principal activity2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10661608 2021-03-01 2021-12-14 10661608 2020-03-01 2021-02-28 10661608 2021-12-14 10661608 2021-02-28 10661608 c:Director1 2021-03-01 2021-12-14 10661608 c:Director2 2021-03-01 2021-12-14 10661608 d:CurrentFinancialInstruments 2021-12-14 10661608 d:CurrentFinancialInstruments 2021-02-28 10661608 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-14 10661608 d:CurrentFinancialInstruments d:WithinOneYear 2021-02-28 10661608 d:ShareCapital 2021-12-14 10661608 d:ShareCapital 2021-02-28 10661608 d:RetainedEarningsAccumulatedLosses 2021-12-14 10661608 d:RetainedEarningsAccumulatedLosses 2021-02-28 10661608 c:FRS102 2021-03-01 2021-12-14 10661608 c:AuditExempt-NoAccountantsReport 2021-03-01 2021-12-14 10661608 c:FullAccounts 2021-03-01 2021-12-14 10661608 c:PrivateLimitedCompanyLtd 2021-03-01 2021-12-14 10661608 2 2021-03-01 2021-12-14 iso4217:GBP xbrli:pure

Registered number: 10661608

LANDMARK PROPERTY CONSTRUCTION LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 14 DECEMBER 2021

LANDMARK PROPERTY CONSTRUCTION LIMITED

REGISTERED NUMBER: 10661608

BALANCE SHEET

AS AT 14 DECEMBER 2021

	14 December	14 December	28 February	28 February
	2021	2021	2021	2021
Note	£	£	£	£


Current assets
Debtors: amounts falling due within one year	4	173,198		1,335,123
Cash at bank and in hand	5	-		7,436
		173,198		1,342,559
Creditors: amounts falling due within one year	6	(197,678)		(1,339,846)
Net current (liabilities)/assets			(24,480)		2,713
Total assets less current liabilities			(24,480)		2,713

Net (liabilities)/assets			(24,480)		2,713

Capital and reserves
Called up share capital	100	100
Profit and loss account	(24,580)	2,613
	(24,480)	2,713

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LANDMARK PROPERTY CONSTRUCTION LIMITED

REGISTERED NUMBER: 10661608

BALANCE SHEET (CONTINUED)

AS AT 14 DECEMBER 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 October 2022.

K Renew	C Sullivan
Director	Director

The notes on pages 3 to 5 form part of these financial statements.

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LANDMARK PROPERTY CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 14 DECEMBER 2021

1.	General information

Landmark Property Construction Limited is a private company limited by shares and incorporated in England and Wales, with a registration number of 10661608. The address of the registered office is Old Station Road, Loughton, Essex, IG10 4PL. The principal activity of the company is that of property development.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

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.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

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LANDMARK PROPERTY CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 14 DECEMBER 2021

2.Accounting policies (continued)

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the period was 2 (2021 - 2).

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LANDMARK PROPERTY CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 14 DECEMBER 2021

Debtors

					14 December	As restated 28 February
					2021	2021
					£	£


Other debtors	173,198	5,548
Prepayments and accrued income	-	1,329,575
	173,198	1,335,123

Cash at bank and in hand	-	7,436
	-	7,436

Trade creditors	24,362	100,889
Other taxation and social security	35,774	13
Other creditors	136,391	1,236,844
Accruals and deferred income	1,151	2,100
	197,678	1,339,846

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