The Langdon Land Limited - Period Ending 2023-06-30

The Langdon Land Limited
(Registration number: 09483117)

Contents

Company Information	1
Statement of Director's Responsibilities	2
Balance Sheet	3
Notes to the Financial Statements	4 to 6

The Langdon Land Limited
(Registration number: 09483117)

Company Information

Director

A G E Rowe CBE Hon LLD

Registered office

Sandy Park Stadium Sandy Park Way Exeter Devon EX2 7NN

Auditors

Thompson Jenner LLP 1 Colleton Crescent Exeter Devon EX2 4DG

The Langdon Land Limited
(Registration number: 09483117)

Statement of Director's Responsibilities

The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006 and in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Langdon Land Limited
(Registration number: 09483117)

Balance Sheet as at 30 June 2023

	Note	2023 £	2022 £
Fixed assets
Investment property	4	500,000	500,000
Creditors: Amounts falling due within one year	5	(499,900)	(499,900)
Net assets		100	100
Capital and reserves
Called up share capital		100	100
Total equity		100	100

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 9 November 2023
 

......................................... A G E Rowe CBE Hon LLD Director

The Langdon Land Limited
(Registration number: 09483117)

Notes to the Financial Statements for the Year Ended 30 June 2023

1	General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
Sandy Park Stadium
Sandy Park Way
Exeter
Devon
EX2 7NN

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company.

Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 13 November 2023 was Mr Dave Tucker, who signed for and on behalf of Thompson Jenner LLP.

Depreciation

Asset class	Depreciation method and rate
Land	Not depreciated

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

The Langdon Land Limited
(Registration number: 09483117)

Notes to the Financial Statements for the Year Ended 30 June 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 2).

4	Investment properties

	2023 £
At 1 July	500,000
At 30 June	500,000

The investment property held is land. The fair value of the company's investment property was valued on an open market basis by the directors on 30 June 2023.

There has been no valuation of investment property by an independent valuer.

The Langdon Land Limited
(Registration number: 09483117)

Notes to the Financial Statements for the Year Ended 30 June 2023

5

Creditors

	Note	2023 £	2022 £
Due within one year
Amounts owed to parent company		499,900	499,900

6	Parent and ultimate parent undertaking

The company's immediate parent is Exeter Rugby Group PLC, incorporated in United Kingdom.

 The most senior parent entity producing publicly available financial statements is Exeter Rugby Group PLC. These financial statements are available upon request from Sandy Park Stadium, Sandy Park Way, Exeter, Devon, EX2 7NN

 The ultimate controlling party is the trustees of the parent company, Exeter Rugby Group PLC.