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REGISTERED NUMBER: 02795127














PROPERTY LIAISONS OF LONDON LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022






PROPERTY LIAISONS OF LONDON LIMITED (REGISTERED NUMBER: 02795127)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 SEPTEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROPERTY LIAISONS OF LONDON LIMITED

COMPANY INFORMATION
for the Year Ended 30 SEPTEMBER 2022







DIRECTORS: Ms J A Wells
Ms L J Goobey





SECRETARIES: Ms J A Wells
Ms L J Goobey





REGISTERED OFFICE: 1 Wapping Wall
London
E1 9ST





REGISTERED NUMBER: 02795127





ACCOUNTANTS: Brindley Jacob
Chartered Accountants
167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH

PROPERTY LIAISONS OF LONDON LIMITED (REGISTERED NUMBER: 02795127)

BALANCE SHEET
30 SEPTEMBER 2022

30.9.22 30.9.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,507,281 1,508,357

CURRENT ASSETS
Debtors 5 33,094 41,916
Cash at bank 8,412 56,780
41,506 98,696
CREDITORS
Amounts falling due within one year 6 719,176 707,586
NET CURRENT LIABILITIES (677,670 ) (608,890 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

829,611

899,467

CREDITORS
Amounts falling due after more than one
year

7

(301,217

)

(421,974

)

PROVISIONS FOR LIABILITIES (166,900 ) (166,900 )
NET ASSETS 361,494 310,593

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 903,120 903,120
Retained earnings (541,628 ) (592,529 )
SHAREHOLDERS' FUNDS 361,494 310,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PROPERTY LIAISONS OF LONDON LIMITED (REGISTERED NUMBER: 02795127)

BALANCE SHEET - continued
30 SEPTEMBER 2022


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 Board of Directors and authorised for issue on 29 November 2023 and were signed on its behalf by:





Ms L J Goobey - Director


PROPERTY LIAISONS OF LONDON LIMITED (REGISTERED NUMBER: 02795127)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 SEPTEMBER 2022

1. STATUTORY INFORMATION

Property Liaisons of London Limited is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

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

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 reducing balance and 12% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 6 ) .

PROPERTY LIAISONS OF LONDON LIMITED (REGISTERED NUMBER: 02795127)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 SEPTEMBER 2022

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 October 2021
and 30 September 2022 1,500,000 64,391 58,980 1,623,371
DEPRECIATION
At 1 October 2021 - 57,633 57,381 115,014
Charge for year - 676 400 1,076
At 30 September 2022 - 58,309 57,781 116,090
NET BOOK VALUE
At 30 September 2022 1,500,000 6,082 1,199 1,507,281
At 30 September 2021 1,500,000 6,758 1,599 1,508,357

Cost or valuation at 30 September 2022 is represented by:

Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
Valuation in 2007 667,759 - - 667,759
Valuation in 2013 259,042 - - 259,042
Valuation in 2014 142,919 - - 142,919
Cost 430,280 64,391 58,980 553,651
1,500,000 64,391 58,980 1,623,371

If freehold land and buildings had not been revalued it would have been included at the following historical cost:

30.9.22 30.9.21
£    £   
Cost 430,280 430,280

Value of land in freehold land and buildings 108,808 108,808

freehold land and buildings were valued on an open market value basis on 30 September 2015 by the directors of the company .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.22 30.9.21
£    £   
Trade debtors 32,741 39,213
Directors' current accounts 353 353
Prepayments - 2,350
33,094 41,916

PROPERTY LIAISONS OF LONDON LIMITED (REGISTERED NUMBER: 02795127)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 SEPTEMBER 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.22 30.9.21
£    £   
Bank loans and overdrafts 70,034 4,048
Trade creditors 41,526 36,529
Amounts due to clients - 50,808
Tax 18,656 13,939
Social security and other taxes 101,046 34,870
VAT - 62,276
Other creditors 9,519 9,519
Salaries control 14,324 13,855
Directors' current accounts 310,936 248,663
Accruals and deferred income 128,447 202,804
Accrued expenses 24,688 30,275
719,176 707,586

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.22 30.9.21
£    £   
Bank loans - 1-2 years 60,379 -
Bank loans - 2-5 years 240,838 373,641
Loan - 48,333
301,217 421,974

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.22 30.9.21
£    £   
Barclays Bank PLC 323,262 373,641

The bank hold a charge over the freehold property.

9. RESERVES
Revaluation
reserve
£   
At 1 October 2021
and 30 September 2022 903,120