Company No: 02566305 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Unaudited Financial Statements

DIRECTOR

Ian Christopher Moore

REGISTERED OFFICE	Towngate House
	2-8 Parkstone Road
	Poole
	BH15 2PW
	England
	United Kingdom

COMPANY NUMBER

02566305 (England and Wales)

CHARTERED ACCOUNTANTS	Francis Clark LLP
	Towngate House
	2-8 Parkstone Road
	Poole
	Dorset BH15 2PW

	Note	2020		2019
		£		£
Fixed assets
Tangible assets	3	110,790		110,790
		110,790		110,790
Current assets
Debtors	4	30,516		30,075
Cash at bank and in hand		6,920		1,009
		37,436		31,084
Creditors
Amounts falling due within one year	5	( 30,916)		( 23,431)
Net current assets		6,520		7,653
Total assets less current liabilities		117,310		118,443
Net assets		117,310		118,443
Capital and reserves
Called-up share capital		2		2
Profit and loss account		117,308		118,441
Total shareholders' funds		117,310		118,443

For the financial 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.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Lichfield Land Company Limited (registered number: 02566305) were approved and authorised for issue by the Director on 22 December 2021. They were signed on its behalf by:

Ian Christopher Moore Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year.

General information and basis of accounting

Lichfield Land Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of Lichfield Land Company Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line,reducing balance] basis over its expected useful life, as follows:

Assets Class Depreciation method and Rate
Land 0%

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

2. Employees

	2020		2019
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Land and buildings		Total
	£		£
Cost
At 01 January 2020	110,790		110,790
At 31 December 2020	110,790		110,790
Accumulated depreciation
At 01 January 2020	0		0
At 31 December 2020	0		0
Net book value
At 31 December 2020	110,790		110,790
At 31 December 2019	110,790		110,790

4. Debtors

	2020		2019
	£		£
Other debtors	30,516		30,075

5. Creditors: amounts falling due within one year

	2020		2019
	£		£
Other creditors	9,816		2,331
Corporation tax	21,100		21,100
	30,916		23,431

6. Related party transactions

Transactions with the entity's director

	2020		2019
	£		£
Key management	(29,836)		(29,177)

The directors loan account had been repaid within 9 months of the year end, interest has been charged of 2.25%