Landmoore Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10025608 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2018

for

LANDMOORE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

Mr S Braddock

Registered office:

43 Frith Street

London

W1D 4SA

Registered number:

10025608 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

305 Regents Park Road

Finchley

London

N3 1DP

Fixed assets

Investment property

4

4,750,975

1,417,085

Current assets

Debtors

5

415,000

-

Cash at bank and in hand

4,941

10,027

419,941

10,027

Creditors

Amounts falling due within one year

6

2,135,674

1,484,535

Net current liabilities

(1,715,733

)

(1,474,508

)

Total assets less current liabilities

3,035,242

(57,423

)

Creditors

Amounts falling due after more than one year

7

(950,000

)

-

Provisions for liabilities

9

(399,544

)

-

Net assets/(liabilities)

1,685,698

(57,423

)

Capital and reserves

Called up share capital

10

10

10

Retained earnings

11

1,685,688

(57,433

)

Shareholders' funds

1,685,698

(57,423

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 29 November 2018 and were signed by:

Mr S Braddock - Director

1.	Statutory information

Landmoore Properties 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis, the applicability of which is dependent

upon the continued support of the company's shareholder. In the opinion of the director, the company has the

support of its shareholder for the foreseeable future and it is therefore appropriate to adopt the going concern

policy.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires

management to make estimates and judgement that affect the reported amounts of assets and liabilities as well

as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of

revenues and expenses during the reporting period.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out

by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible,

there remains a risk that the provisions do not match the actual tax liability when asset is disposed off.

Investment property

Investment properties are included in the balance sheet at their open market value, and the aggregate surplus

or deficit is recognised in the profit and loss account. No depreciation is provided.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a

party to the contractual provisions of the instrument.

Other debtors and creditors are classified as basic financial instruments and measured at initial recognition at

transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective

interest rate method. A provision is established when there is objective evidence that the company will not be

able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at

bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the

substance of the contractual arrangements entered into and the definitions of a financial liability and an equity

instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company

after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds

received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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.

3.	Employees and directors

The average number of employees during the year was 1 (2017 - 1 ) .

4.	Investment property

Total

£

Fair value

At 1 March 2017

1,417,085

Additions

1,159,132

Revaluations

2,174,758

At 28 February 2018

4,750,975

Net book value

At 28 February 2018

4,750,975

At 28 February 2017

1,417,085

Fair value at 28 February 2018 is represented by:

£

Valuation in 2018

2,174,758

Cost

2,576,217

4,750,975

The company's investment property has been valued by the company director as at 28 February 2018 at open

market valuation.

5.

Debtors: amounts falling due within one year

2018

2017

£

£

Other debtors

415,000

-

6.

Creditors: amounts falling due within one year

2018

2017

£

£

Trade creditors

196

-

Other creditors

2,135,478

1,484,535

2,135,674

1,484,535

7.

Creditors: amounts falling due after more than one year

2018

2017

£

£

Other creditors

950,000

-

8.	Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

27,560

25,263

9.	Provisions for liabilities

2018

2017

£

£

Deferred tax

399,544

-

Deferred tax

£

Provided during year

399,544

Balance at 28 February 2018

399,544

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

10

Ordinary

£1

10

10

11.

Reserves

Retained

earnings

£

At 1 March 2017

(57,433

)

Profit for the year

1,743,121

At 28 February 2018

1,685,688

Included above in reserves, is an amount of £1,775,214 (2017 : £Nil) being undistributable reserves.

12.	Related party disclosures

Included above in Other debtors is an amount of £415,000 (2017 : £20,000 owed to) owed from a participator.

This amount was repaid within nine months of the year end.