Llandraw Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09984145 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

LLANDRAW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D Geoghegan

REGISTERED OFFICE:

Gilbert House

Trenchard Lane

Caversfield

BICESTER

Oxfordshire

OX27 8AE

REGISTERED NUMBER:

09984145 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

4

61,180

61,180

CURRENT ASSETS

Debtors

5

4,644

27,769

Cash at bank

38,255

333

42,899

28,102

CREDITORS

Amounts falling due within one year

6

80,097

85,758

NET CURRENT LIABILITIES

(37,198

)

(57,656

)

TOTAL ASSETS LESS CURRENT LIABILITIES

23,982

3,524

CREDITORS

Amounts falling due after more than one year

7

17,000

20,000

NET ASSETS/(LIABILITIES)

6,982

(16,476

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

6,882

(16,576

)

SHAREHOLDERS' FUNDS

6,982

(16,476

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 November 2022 and were signed by:

Mr D Geoghegan - Director

1.	STATUTORY INFORMATION

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

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents extraction royalties received from the quarry.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

not provided - see below

The freehold property has not been depreciated as the director is of the opinion that the residual value after 50 years will not be less than the current book value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 March 2021

and 28 February 2022

61,180

NET BOOK VALUE

At 28 February 2022

61,180

At 28 February 2021

61,180

Included in cost of land and buildings is freehold land of £ 61,000 (2021 - £ 61,000 ) which is not depreciated.

The freehold property represents the acquisition of a quarry from which extraction royalties are derived.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

28.2.21

£

£

Trade debtors

4,644

27,769

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.22

28.2.21

£

£

Loan from ASG Advisory Ltd

75,800

75,800

Loan from Llandraw Farm Ltd

3,358

8,358

Directors' current accounts

219

219

Accrued expenses

720

1,381

80,097

85,758

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.22

28.2.21

£

£

Bank loans - 1-2 years

17,000

20,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.22

28.2.21

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 March 2021

(16,576

)

Profit for the year

23,458

At 28 February 2022

6,882