Landaw Developments Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08789338 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2020

FOR

LANDAW DEVELOPMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

O Lanni

A R Dawson

M V Dawson

SECRETARY:

M V Dawson

REGISTERED OFFICE:

Old Market Garden

1 Nye Lane

Ditchling

East Sussex

BN6 8UB

REGISTERED NUMBER:

08789338 (England and Wales)

ACCOUNTANTS:

Galloways Accounting

Atlas Chambers

33 West Street

Brighton

East Sussex

BN1 2RE

CURRENT ASSETS

Stocks

701,323

591,287

Debtors

4

164,636

162,992

Cash at bank and in hand

62,362

20,586

928,321

774,865

CREDITORS

Amounts falling due within one year

5

856,188

771,958

NET CURRENT ASSETS

72,133

2,907

TOTAL ASSETS LESS CURRENT LIABILITIES

72,133

2,907

CREDITORS

Amounts falling due after more than one year

6

100,000

-

NET (LIABILITIES)/ASSETS

(27,867

)

2,907

CAPITAL AND RESERVES

Called up share capital

8

8

Retained earnings

(27,875

)

2,899

SHAREHOLDERS' FUNDS

(27,867

)

2,907

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 8 January 2021 and were signed on its behalf by:

M V Dawson - Director

1.	STATUTORY INFORMATION

Landaw Developments Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Stocks

Stock represents purchase price plus associated purchase costs of property for resale.

Taxation

Taxation for the year 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.

Deferred tax

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

balance sheet date.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in other

administrative expenses.

Going concern

The directors do not anticipate that the recent COVID-19 outbreak will affect the company's ability to continue for

the foreseeable future and therefore continues to adopt the going concern basis in preparing its financial

statements.

3.

EMPLOYEES

The average number of employees during the year was NIL (2019 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Amounts owed by related undertakings

155,048

150,135

Other debtors

9,588

12,857

164,636

162,992

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

3,166

35

Amounts owed to related undertakings

-

114

Amounts owed to associated companies

850,309

770,309

Taxation and social security

945

-

Other creditors

1,768

1,500

856,188

771,958

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

100,000

-