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REGISTERED NUMBER: 00746900 (England and Wales)















LONDON COUNTY GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2022






LONDON COUNTY GROUP LIMITED (REGISTERED NUMBER: 00746900)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LONDON COUNTY GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5TH APRIL 2022







DIRECTORS: Eva Bower
Ruth Katherine Bower
Mark David Bower
Ann Elizabeth Hill





SECRETARY: Ruth Katherine Bower





REGISTERED OFFICE: 6 Church Row
Hampstead
London
NW3 6UT





REGISTERED NUMBER: 00746900 (England and Wales)





ACCOUNTANTS: Sinclairs Bartrum Lerner
Chartered Accountants
Second Floor
34 Lime Street
London
EC3M 7AT

LONDON COUNTY GROUP LIMITED (REGISTERED NUMBER: 00746900)

BALANCE SHEET
5TH APRIL 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 660 792
Investments 5 1,831 1,765
Investment property 6 3,899,142 3,710,980
3,901,633 3,713,537

CURRENT ASSETS
Debtors 7 16,872 14,077
Cash at bank 62,068 67,643
78,940 81,720
CREDITORS
Amounts falling due within one year 8 464,490 326,143
NET CURRENT LIABILITIES (385,550 ) (244,423 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,516,083 3,469,114

PROVISIONS FOR LIABILITIES 393,364 393,351
NET ASSETS 3,122,719 3,075,763

CAPITAL AND RESERVES
Called up share capital 1 1
Other reserves 2,161,875 2,161,875
Retained earnings 960,843 913,887
SHAREHOLDERS' FUNDS 3,122,719 3,075,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 2022 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.

LONDON COUNTY GROUP LIMITED (REGISTERED NUMBER: 00746900)

BALANCE SHEET - continued
5TH APRIL 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th August 2022 and were signed on its behalf by:




Eva Bower - Director Mark David Bower - Director




Ruth Katherine Bower - Director Ann Elizabeth Hill - Director


LONDON COUNTY GROUP LIMITED (REGISTERED NUMBER: 00746900)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5TH APRIL 2022


1. STATUTORY INFORMATION

London County Group 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 significant accounting policies applied in the presentation of the financial statements are set out below and have been consistently applied to all years unless otherwise stated.

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 as modified by the revaluation of certain assets.

Trade and other debtors/creditors

Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Subsequent to initial recognition, they are measured at transaction price less any impairment losses. Trade and other creditors are recognised at transaction price plus attributable transaction costs.

Cash and cash equivalents

Cash and cash equivalents comprise of cash balances and deposits.

Turnover
Turnover represents rental income receivable during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% straight line on cost
Motor vehicles - 25% straight line on cost
Computer equipment - 10% straight line on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


LONDON COUNTY GROUP LIMITED (REGISTERED NUMBER: 00746900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5TH APRIL 2022


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investment properties
Investment properties are shown at their fair value and revalued annually. Any gains or losses are recognised in the statement of Profit or Loss. Deferred taxation is provided on these gains at the rate set on the balance sheet date.

In accordance with the FRS 102 no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the director considers that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The director considers that this policy results in the financial statements giving a true and fair view.

Listed investments
Listed investments are valued at their market value at the balance sheet date and any changes in their fair value between the previous year end or acquisition, as applicable are recognised in the statement of profit or loss.

Dividend income is accounted for when received or at the point when the Company is entitled to receive the dividend.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

LONDON COUNTY GROUP LIMITED (REGISTERED NUMBER: 00746900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5TH APRIL 2022


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 6th April 2021
and 5th April 2022 1,699 15,265 1,320 18,284
DEPRECIATION
At 6th April 2021 1,699 15,265 528 17,492
Charge for year - - 132 132
At 5th April 2022 1,699 15,265 660 17,624
NET BOOK VALUE
At 5th April 2022 - - 660 660
At 5th April 2021 - - 792 792

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 6th April 2021 1,765
Revaluations 66
At 5th April 2022 1,831
NET BOOK VALUE
At 5th April 2022 1,831
At 5th April 2021 1,765


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6th April 2021 3,710,980
Additions 188,162
At 5th April 2022 3,899,142
NET BOOK VALUE
At 5th April 2022 3,899,142
At 5th April 2021 3,710,980

LONDON COUNTY GROUP LIMITED (REGISTERED NUMBER: 00746900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5TH APRIL 2022


6. INVESTMENT PROPERTY - continued

Fair value at 5th April 2022 is represented by:
£   
Valuation in 2002 1,763,836
Valuation in 2003 221,454
Valuation in 2010 250,000
Valuation in 2017 416,791
Valuation in 2020 (100,127 )
Cost 1,347,188
3,899,142

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 16,872 14,077

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 4,800 -
Taxation and social security 18,086 16,268
Other creditors 441,604 309,875
464,490 326,143