Landregal Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02765032 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2019 TO 1 DECEMBER 2020

FOR

LANDREGAL SERVICES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M Brinner

SECRETARY:

Mrs T Brinner

REGISTERED OFFICE:

115 Craven Park Road

London

N15 6BL

REGISTERED NUMBER:

02765032 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

5,327

6,267

Investment property

5

1,302,472

1,302,472

1,307,799

1,308,739

CURRENT ASSETS

Debtors

6

2,015,564

2,015,564

Investments

7

30,230

30,230

Cash at bank

267,209

208,711

2,313,003

2,254,505

CREDITORS

Amounts falling due within one year

8

(2,001,800

)

(2,022,244

)

NET CURRENT ASSETS

311,203

232,261

TOTAL ASSETS LESS CURRENT LIABILITIES

1,619,002

1,541,000

CREDITORS

Amounts falling due after more than one year

9

(266,086

)

(263,146

)

NET ASSETS

1,352,916

1,277,854

CAPITAL AND RESERVES

Called up share capital

11

1,000

1,000

Revaluation reserve

12

413,996

413,996

Retained earnings

12

937,920

862,858

SHAREHOLDERS' FUNDS

1,352,916

1,277,854

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 1 December 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 1 December 2020 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 December 2021 and were signed by:

M Brinner - Director

1.	STATUTORY INFORMATION

Landregal Services 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 net rent receivable, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 period was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 December 2019

and 1 December 2020

43,273

DEPRECIATION

At 1 December 2019

37,006

Charge for period

940

At 1 December 2020

37,946

NET BOOK VALUE

At 1 December 2020

5,327

At 30 November 2019

6,267

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2019

and 1 December 2020

1,302,472

NET BOOK VALUE

At 1 December 2020

1,302,472

At 30 November 2019

1,302,472

6.

DEBTORS

1.12.20

30.11.19

£

£

Amounts falling due within one year:

Other debtors

1,948,469

1,948,469

Amounts falling due after more than one year:

Other debtors

67,095

67,095

Aggregate amounts

2,015,564

2,015,564

7.	CURRENT ASSET INVESTMENTS

1.12.20

30.11.19

£

£

Unlisted investments

30,230

30,230

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

1.12.20

30.11.19

£

£

Taxation and social security

51,626

32,326

Other creditors

1,950,174

1,989,918

2,001,800

2,022,244

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

1.12.20

30.11.19

£

£

Bank loans (see note 10)

266,086

263,146

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

216,086

263,146

10.

LOANS

An analysis of the maturity of loans is given below:

1.12.20

30.11.19

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

50,000

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

216,086

263,146

Under the bank loan, £50,000 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

1.12.20

30.11.19

value:

£

£

1,000

Ordinary

£1

1,000

1,000

12.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 December 2019

862,858

413,996

1,276,854

Profit for the period

105,062

105,062

Dividends

(30,000

)

(30,000

)

At 1 December 2020

937,920

413,996

1,351,916

13.	RELATED PARTY DISCLOSURES

During the period, total dividends of £30,000 were paid to the director .