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Company registration number:03056227
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LANDLEAF LIMITED
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ABBREVIATED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 November 2015
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LANDLEAF LIMITED |
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BALANCE SHEET |
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AS AT 30 November 2015
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2015 |
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2014 |
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Notes |
£ |
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£ |
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£ |
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£ |
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FIXED ASSETS |
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Investments |
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2,755,175
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2,666,196
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Tangible assets |
2 |
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7,726
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8,832
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2,762,901
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2,675,028
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CURRENT ASSETS |
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Debtors |
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603,339
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626,461
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Cash at bank and in hand |
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30,080
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37,379
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633,419
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663,840
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CREDITORS |
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Amounts falling due within one year |
(61,660) |
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(38,801) |
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NET CURRENT ASSETS |
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571,759
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625,039
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TOTAL ASSETS LESS |
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CURRENT LIABILITIES |
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3,334,660
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3,300,067
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Creditors falling due after one year |
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(709,897) |
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(709,897) |
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PROVISIONS FOR LIABILITIES |
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(1,545) |
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(0) |
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NET ASSETS |
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2,623,218
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2,590,170
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CAPITAL AND RESERVES |
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Called-up equity share capital |
4 |
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2
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2
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Revaluation Reserve |
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203,751
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163,751
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Profit and loss account |
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2,419,465
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2,426,417
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SHAREHOLDERS FUNDS |
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2,623,218
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2,590,170
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For the year ending 30 November 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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.......................................................................... |
N C W Ridley
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25 May 2016
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The annexed notes form part of these financial statements. |
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LANDLEAF LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 NOVEMBER 2015 |
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1. |
Accounting policies |
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Basis of preparing the financial statements |
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The accounts have been prepared under the historical cost convention as modified by the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover |
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Rental income is exclusive of Value Added Tax and has been accounted for on an accruals basis.
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Investments |
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Investment property is not depreciated and is revalued on an open market basis. The investment in associated undertaking is valued at the company's share of the accumulated profits of the undertaking.
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Fixed assets |
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Depreciation has been computed to write off the cost of fixed assets over their expected useful lives at the following rates:-
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Plant and machinery 20% per annum reducing balance
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Deferred taxation |
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Deferred tax assets and liabilities have arisen from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse based upon rates enacted at the balance sheet date.
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2. |
Tangible fixed assets |
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Total |
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Cost |
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At start of period |
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28,852
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Additions |
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825
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At end of period |
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29,677
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Depreciation |
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At start of period |
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20,020
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Provided during the period |
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1,931
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At end of period |
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21,951
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Net Book Value |
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At start of period |
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8,832
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At end of period |
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7,726
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3. |
Debtors secured |
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Debtors include £603,103 (2014 £624,563) In respect of amounts due after more than one year. |
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4. |
Share capital |
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Allotted, issued and fully paid
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2015 |
2014 |
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£ |
£ |
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Ordinary shares of £1 each
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2
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2
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Total issued share capital |
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2
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2
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5. |
Transactions with directors |
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During the year the company paid consultancy fees of £3,125 (2014 £3,125) to N J Ellaby, who is a director of the company. |
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6. |
Ultimate controlling party |
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Ashgate Investments Limited, a company registered in Jersey, is the company's immediate parent. The shares of Ashgate Investments Limited are controlled by Salamanca Trustees (Jersey) Limited, a company registered in Jersey.
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