Registered number
00695724
GREATER LONDON SECURITIES LTD
Filleted Accounts
31 May 2023
GREATER LONDON SECURITIES LTD
Registered number: 00695724
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 2 2
Current assets
Stocks 202 202
Creditors: amounts falling due within one year 4 (798) (798)
Net current liabilities (596) (596)
Net liabilities (594) (594)
Capital and reserves
Called up share capital 30,000 30,000
Revaluation reserve 5 158,598 158,598
Profit and loss account (189,192) (189,192)
Shareholders' funds (594) (594)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 480 of the Companies Act 2006.
The members have not required the company to obtain an audit.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A R Pulver
Director
Approved by the board on 13 November 2023
GREATER LONDON SECURITIES LTD
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 June 2022 2
At 31 May 2023 2
The company holds 100% of the ordinary share capital of Leakcliff Properties Ltd, whose Capital and Reserve balance at 31 May 2023 was £(30,141,038).
4 Creditors: amounts falling due within one year 2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 798 798
5 Revaluation reserve 2023 2022
£ £
At 1 June 2022 158,598 158,598
At 31 May 2023 158,598 158,598
6 Controlling party
The company is controlled by the directors.
7 Other information
GREATER LONDON SECURITIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
Crown House
44 Bellmount Wood Avenue
Watford
WD17 3BW
GREATER LONDON SECURITIES LTD 00695724 true 2022-06-01 2023-05-31 2023-05-31 VT Final Accounts October 2023 release 2 A R Pulver No description of principal activity 00695724 2021-06-01 2022-05-31 00695724 core:WithinOneYear 2022-05-31 00695724 core:ShareCapital 2022-05-31 00695724 core:OtherReservesSubtotal 2022-05-31 00695724 core:RetainedEarningsAccumulatedLosses 2022-05-31 00695724 core:RevaluationReserve 2021-05-31 00695724 2022-06-01 2023-05-31 00695724 bus:EntityNoLongerTradingButTradedInPast 2022-06-01 2023-05-31 00695724 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 00695724 bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 00695724 bus:Director40 2022-06-01 2023-05-31 00695724 2 2022-06-01 2023-05-31 00695724 countries:England 2022-06-01 2023-05-31 00695724 bus:FRS102 2022-06-01 2023-05-31 00695724 bus:FullAccounts 2022-06-01 2023-05-31 00695724 2023-05-31 00695724 core:WithinOneYear 2023-05-31 00695724 core:ShareCapital 2023-05-31 00695724 core:OtherReservesSubtotal 2023-05-31 00695724 core:RetainedEarningsAccumulatedLosses 2023-05-31 00695724 core:RevaluationReserve 2023-05-31 00695724 2022-05-31 00695724 core:RevaluationReserve 2022-05-31 iso4217:GBP xbrli:pure