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REGISTERED NUMBER: 12249718 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

SERVICED LONDON OFFICES LIMITED

SERVICED LONDON OFFICES LIMITED (REGISTERED NUMBER: 12249718)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SERVICED LONDON OFFICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTOR: A E D Lysak





REGISTERED OFFICE: 48 Langham Street
London
W1W 7AY





REGISTERED NUMBER: 12249718 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

SERVICED LONDON OFFICES LIMITED (REGISTERED NUMBER: 12249718)

BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 4,622
Investment property 5 3,250,000 3,490,491
3,250,000 3,495,113

CURRENT ASSETS
Debtors 6 127,396 39,373
Cash at bank 14,666 54,252
142,062 93,625
CREDITORS
Amounts falling due within one year 7 3,600,422 3,653,728
NET CURRENT LIABILITIES (3,458,360 ) (3,560,103 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(208,360

)

(64,990

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (208,460 ) (65,090 )
(208,360 ) (64,990 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:





A E D Lysak - Director


SERVICED LONDON OFFICES LIMITED (REGISTERED NUMBER: 12249718)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022


1. STATUTORY INFORMATION

Serviced London Offices 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The financial statements have been prepared on the going concern basis due to the continued support of the director.

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

Turnover represents rents due for the period from the letting of investment property.

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 etc - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property
Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which incudes purchase cost and directly attributable expenditure. Subsequently, it is measured at fair value at the reporting end date. Any aggregate surplus or deficit arising from changes in far value is recognised in profit and loss.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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


SERVICED LONDON OFFICES LIMITED (REGISTERED NUMBER: 12249718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 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.

3. EMPLOYEES

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2021 6,163
Disposals (6,163 )
At 31 October 2022 -
DEPRECIATION
At 1 November 2021 1,541
Eliminated on disposal (1,541 )
At 31 October 2022 -
NET BOOK VALUE
At 31 October 2022 -
At 31 October 2021 4,622

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2021 3,490,491
Additions 1,215
Revaluations (241,706 )
At 31 October 2022 3,250,000
NET BOOK VALUE
At 31 October 2022 3,250,000
At 31 October 2021 3,490,491


SERVICED LONDON OFFICES LIMITED (REGISTERED NUMBER: 12249718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022


6. DEBTORS
2022 2021
£    £   
Amounts falling due within one year:
Trade debtors 67,500 13,500
Other debtors 25,896 25,873
93,396 39,373

Amounts falling due after more than one year:
Other debtors 34,000 -

Aggregate amounts 127,396 39,373

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 15,717 25,754
Taxation and social security 1,233 -
Other creditors 3,583,472 3,627,974
3,600,422 3,653,728