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Company Registration No. 12335141 (England and Wales)
London Prime Property Service Ltd Unaudited accounts for the year ended 30 November 2021
London Prime Property Service Ltd Unaudited accounts Contents
Page
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London Prime Property Service Ltd Company Information for the year ended 30 November 2021
Director
M Ismail
Company Number
12335141 (England and Wales)
Registered Office
96B South End Croydon CR0 1DQ England
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London Prime Property Service Ltd Statement of financial position as at 30 November 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,963 
7,950 
Current assets
Debtors
1,582 
13,100 
Cash at bank and in hand
27,030 
28,082 
28,612 
41,182 
Net current assets
28,612 
41,182 
Total assets less current liabilities
34,575 
49,132 
Creditors: amounts falling due after more than one year
(59,547)
(60,228)
Net liabilities
(24,972)
(11,096)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(25,072)
(11,196)
Shareholders' funds
(24,972)
(11,096)
For the year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 August 2022 and were signed on its behalf by
M Ismail Director Company Registration No. 12335141
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London Prime Property Service Ltd Notes to the Accounts for the year ended 30 November 2021
1
Statutory information
London Prime Property Service Ltd is a private company, limited by shares, registered in England and Wales, registration number 12335141. The registered office is 96B South End, Croydon, CR0 1DQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 December 2020
10,600 
At 30 November 2021
10,600 
Depreciation
At 1 December 2020
2,650 
Charge for the year
1,987 
At 30 November 2021
4,637 
Net book value
At 30 November 2021
5,963 
At 30 November 2020
7,950 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Other debtors
1,582 
13,100 
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London Prime Property Service Ltd Notes to the Accounts for the year ended 30 November 2021
6
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
47,338 
50,000 
Other creditors
379 
379 
Loans from directors
11,830 
9,849 
59,547 
60,228 
7
Average number of employees
During the year the average number of employees was 1 (2020: 1).
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