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Registration number: 12669215

London Bridge Living Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

London Bridge Living Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

1

 

London Bridge Living Ltd

(Registration number: 12669215)
Balance Sheet as at 30 June 2023

2023
£

2022
£

Fixed assets

6,303,467

6,305,465

Current assets

713,729

118,591

Prepayments and accrued income

23,864

8,300

Creditors: Amounts falling due within one year

(206,518)

(140,848)

Net current assets/(liabilities)

531,075

(13,957)

Total assets less current liabilities

6,834,542

6,291,508

Creditors: Amounts falling due after more than one year

(4,409,031)

(3,939,912)

Accruals and deferred income

(47,233)

(4,548)

 

2,378,278

2,347,048

Capital and reserves

2,378,278

2,347,048

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Malt House Farm
Rockborne
Fordingbridge
SP6 3NA
United Kingdom

These financial statements were authorised for issue by the Board on 25 October 2023.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

London Bridge Living Ltd

(Registration number: 12669215)
Balance Sheet as at 30 June 2023

3

Related party transactions

Directors' guarantees

During the year the company entered into the following guarantee on behalf of the directors:

An amount £1,134,000 (2022: £1,197,000) has been advanced to a director by a third party lender secured against the property assets of the company. The maximum liability that may be incurred by the company is £1,134,000 (2022 - £1,197,000). In fulfilling the guarantee the amount paid and liability incurred amounted to £Nil (2022 - £Nil). £63,000 was repaid during the year (2022 - £63,000). £645,338 of the amount advanced to the director was subsequently lent to the company to acquire an additional property during the accounting period ended 30 June 2022. The company has charged an appropriate fee to the director for the security provided.

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 25 October 2023 and signed on its behalf by:
 

.........................................
Eli Chahin
Director