LONDON (CENTRAL) PROPERTIES LTD
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Enter data in the white spaces Enter numbers as + unless indicated Current year Comparative
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Company registration number 03521095
Date
Approval date of the accounts by the board 24/11/2023
Date
Date of signing on the audit/accountants report 24/11/2023
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing directors' report:
Name of director Houshang Bagherian
Or, name of secretary
Name of director signing balance sheet Houshang Bagherian
Address of registered office:
Address line 1 7 Westmoreland House
Address line 2 Cumberland Park
City or town Scrubs Lane
County or region London
Postcode NW10 6RE
Name of senior statutory auditor
Name of auditors/accountants Capital Accountants Ltd
Type of firm (eg Chartered Accountants)
Address of auditors/accountants
Address line 1 7 Westmoreland House
Address line 2 Cumberland Park
City or town Scrubs Lane
County or region London
Postcode NW10 6RE
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company 0 0
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
03521095
LONDON (CENTRAL) PROPERTIES LTD
Filleted Accounts
31 March 2023
LONDON (CENTRAL) PROPERTIES LTD
Registered number: 03521095
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 2 27 34
Current assets
Cash at bank and in hand 212 212
Net current assets 212 212
Total assets less current liabilities 239 246
Creditors: amounts falling due after more than one year 3 (1,895) (1,259)
Net (liabilities)/assets (1,656) (1,013)
Capital and reserves
Called up share capital 2 2
Profit and loss account (1,658) (1,015)
Shareholder's funds (1,656) (1,013)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Houshang Bagherian
Director
Approved by the board on 24 November 2023
LONDON (CENTRAL) PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 166
At 31 March 2023 166
Depreciation
At 1 April 2022 132
Charge for the year 7
At 31 March 2023 139
Net book value
At 31 March 2023 27
At 31 March 2022 34
3 Creditors: amounts falling due after one year 2023 2022
£ £
Trade creditors 1,740 1,104
Director Loan Account 155 155
1,895 1,259
4 Other information
LONDON (CENTRAL) PROPERTIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
7 Westmoreland House
Cumberland Park
Scrubs Lane
London
NW10 6RE
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