Company Registration No. 11118673 (England and Wales)
LANDMARK (RICHMOND WOOD) LIMITED
Unaudited accounts
for the year ended 31 December 2020
LANDMARK (RICHMOND WOOD) LIMITED
Unaudited accounts
Contents
LANDMARK (RICHMOND WOOD) LIMITED
Statement of financial position
as at 31 December 2020
Inventories
4,538,564
3,299,574
Cash at bank and in hand
51
258
Creditors: amounts falling due within one year
(4,891,594)
(3,699,659)
Net current assets/(liabilities)
46,338
(3,110)
Total assets less current liabilities
46,338
(3,110)
Creditors: amounts falling due after more than one year
(50,000)
-
Net liabilities
(3,662)
(3,110)
Called up share capital
100
100
Profit and loss account
(3,762)
(3,210)
Shareholders' funds
(3,662)
(3,110)
For the year ending 31 December 2020 the company was entitled to exemption from audit 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 and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2021 and were signed on its behalf by
Mr Dalbir Singh Sandhu
Director
Company Registration No. 11118673
LANDMARK (RICHMOND WOOD) LIMITED
Notes to the Accounts
for the year ended 31 December 2020
LANDMARK (RICHMOND WOOD) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11118673. The registered office is THE PILLARS, SLADE OAK LANE, GERRARDS CROSS, SL9 0QE, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Short term debtors are measured at transaction price less any provisions for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Work in progress
4,538,564
3,299,574
Work in progress are valued at the lower of cost and net realisable value. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
LANDMARK (RICHMOND WOOD) LIMITED
Notes to the Accounts
for the year ended 31 December 2020
5
Debtors: amounts falling due within one year
2020
2019
Amounts due from group undertakings etc.
399,217
396,617
6
Creditors: amounts falling due within one year
2020
2019
Amounts owed to group undertakings and other participating interests
4,889,994
3,697,739
7
Creditors: amounts falling due after more than one year
2020
2019
8
Transactions with related parties
The company has taken advantage of the exemption in FRS 102 section 33 from the requirement to disclose transactions with 100% owned group companies.
The company's immediate and ultimate Parent undertaking is Landmark Ventures (GX) Limited, registered in England and Wales. CRN-10621292
10
Average number of employees
During the year the average number of employees was 0 (2019: 0).
