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Unaudited Financial Statements for the Year Ended 28 February 2022

for

London Property Management Ltd.

London Property Management Ltd. (Registered number: SC578954)






Contents of the Financial Statements
for the Year Ended 28 February 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


London Property Management Ltd.

Company Information
for the Year Ended 28 February 2022







DIRECTOR: W G Newlands





REGISTERED OFFICE: 2 Melville Street
Falkirk
FK1 1HZ





REGISTERED NUMBER: SC578954 (Scotland)





ACCOUNTANTS: Ian Macfarlane & Co.
Chartered Accountants
2 Melville Street
Falkirk
FK1 1HZ

London Property Management Ltd. (Registered number: SC578954)

Balance Sheet
28 February 2022

28.2.22 28.2.21
Notes £    £   
CURRENT ASSETS
Debtors 4 2,174 1,942
Cash at bank and in hand 36,089 11,217
38,263 13,159
CREDITORS
Amounts falling due within one year 5 21,068 3,613
NET CURRENT ASSETS 17,195 9,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,195

9,546

CREDITORS
Amounts falling due after more than one
year

6

16,197

9,197
NET ASSETS 998 349

CAPITAL AND RESERVES
Called up share capital 7 300 300
Retained earnings 698 49
SHAREHOLDERS' FUNDS 998 349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 16 August 2022 and were signed by:





W G Newlands - Director


London Property Management Ltd. (Registered number: SC578954)

Notes to the Financial Statements
for the Year Ended 28 February 2022

1. STATUTORY INFORMATION

London Property Management Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Other debtors 2,174 1,942

London Property Management Ltd. (Registered number: SC578954)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 28.2.21
£    £   
Taxation and social security 17,394 171
Other creditors 3,674 3,442
21,068 3,613

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.22 28.2.21
£    £   
Amounts owed to group undertakings 16,197 9,197

7. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 28.2.22 28.2.21
value: £    £   
1,000 Ordinary A £0.10 100 100
1,000 Ordinary B £0.10 100 100
1,000 Ordinary C £0.10 100 100
300 300