Development Securities (Launceston) Limited
Registered name: DEVELOPMENT SECURITIES (LAUNCESTON) LIMITED
Part of Land Securities Group PLC groupDevelopment Securities (Launceston) Limited made £16k revenue and £13k profit in the year to 31 Mar 2023. read from filing text
Development Securities (Launceston) Limited’s revenue was £16k in the year to 31 Mar 2023, with £13k profit and 0 employees. The company is classified under “non-trading company” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 15 yrs · since 2010
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £1m | £16k |
| Gross profit | £454k | £13k |
| Profit before tax | £465k | £13k |
| Profit after tax | £465k | £13k |
| Profit (best available) | £465k | £13k |
| Employees (average) | 0 | 0 |
| Ratios | ||
| Profit margin | 46.3% | 81.3% |
| Gross margin | 45.2% | 81.3% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | £665k | £678k |
| Current assets | £1.3m | £753k |
| Debtors | £1.3m | £153k |
| Deferred income | £0 | £3k |
| Source | Accounts · bulk data Dec 2023 | Accounts · bulk data Dec 2023 |
How the business works
- Profit margin
- 81.3%
- Profit ÷ revenue.
- Gross margin
- 81.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 18.8%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 956.3%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now £678k
- Cash at bank
- —
- Now —
- Headcount
- —
- Now 0
- Deferred income
- —
- Now £3k
- Fixed assets
- —
- Now —
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Land Securities Group PLCultimate parent75–100%
- Land Securities Intermediate Limited75–100%
- Land Securities P L C75–100%
- LS Development Holdings Limited75–100%
- U and I Group Limited75–100%
- Development Securities (Investment Ventures) Limited75–100%
- Development Securities (Launceston) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Mar 2023 (profit £13k), from the Companies House accounts bulk data published Dec 2023. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.