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Company Registration No. 12623319 (England and Wales)
ADVANTAGE PROPERTIES LONDON LTD Unaudited accounts for the year ended 31 May 2023
ADVANTAGE PROPERTIES LONDON LTD Unaudited accounts Contents
Page
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ADVANTAGE PROPERTIES LONDON LTD Company Information for the year ended 31 May 2023
Director
Mr M Kaya
Company Number
12623319 (England and Wales)
Registered Office
101 Kingsland High Street Dalston London E8 2PB England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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ADVANTAGE PROPERTIES LONDON LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,148 
8,717 
Current assets
Debtors
11,850 
- 
Cash at bank and in hand
18,532 
18,850 
30,382 
18,850 
Creditors: amounts falling due within one year
(95,121)
(91,251)
Net current liabilities
(64,739)
(72,401)
Net liabilities
(57,591)
(63,684)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(57,691)
(63,784)
Shareholders' funds
(57,591)
(63,684)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 February 2024 and were signed on its behalf by
Mr M Kaya Director Company Registration No. 12623319
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ADVANTAGE PROPERTIES LONDON LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
ADVANTAGE PROPERTIES LONDON LTD is a private company, limited by shares, registered in England and Wales, registration number 12623319. The registered office is 101 Kingsland High Street, Dalston, London, E8 2PB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18% - reducing balance method
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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ADVANTAGE PROPERTIES LONDON LTD Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2022
12,431 
At 31 May 2023
12,431 
Depreciation
At 1 June 2022
3,714 
Charge for the year
1,569 
At 31 May 2023
5,283 
Net book value
At 31 May 2023
7,148 
At 31 May 2022
8,717 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
11,850 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
16 
11 
Other creditors
94,355 
90,490 
Accruals
750 
750 
95,121 
91,251 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
50 A Ordinary shares of £1 each
50 
50 
50 B Ordinary shares of £1 each
50 
50 
100 
100 
8
Transactions with related parties
Included within other creditors is an amount of £31,638 (2022: £27,773) due to its directors. There are no terms as to interest or repayment in respect of this balance.
9
Average number of employees
During the year the average number of employees was 5 (2022: 1).
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