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Registered Number: 14065694


 

 

 

LONDON PROPERTIES & ASSETS LTD


Abridged Accounts
 


Period of accounts

Start date: 25 April 2022

End date: 30 April 2023
Report to the directors on the preparation of the unaudited statutory accounts of London Properties & Assets Ltd for the year ended 30 April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of London Properties & Assets Ltd for the year ended 30 April 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of London Properties & Assets Ltd, as a body, in accordance with the terms of our engagement letter dated 02 February 2024 . Our work has been undertaken solely to prepare for your approval the accounts of London Properties & Assets Ltd and state those matters that we have agreed to state to the Board of Directors of London Properties & Assets Ltd, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than London Properties & Assets Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that London Properties & Assets Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of London Properties & Assets Ltd.You consider that London Properties & Assets Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit of the accounts of London Properties & Assets Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 30 April 2023.



....................................................
Akhter's Limited
64
Castle Boulevard
Nottingham
Nottinghamshire
NG7 1FN
02 February 2024
1
 
 
Notes
 
2023
£
Fixed assets    
Tangible fixed assets 3 1,325,000 
1,325,000 
Current assets    
Debtors 1,100 
Cash at bank and in hand 10,230 
11,330 
Creditors: amount falling due within one year (1,008,983)
Net current liabilities (997,653)
 
Total assets less current liabilities 327,347 
Creditors: amount falling due after more than one year (331,565)
Net liabilities (4,218)
 

Capital and reserves
   
Called up share capital 1 
Profit and loss account (4,219)
Shareholder's funds (4,218)
 


For the period ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 02 February 2024 and were signed by:


-------------------------------
Cherine Mohamed
Director
2
General Information
London Properties & Assets Ltd is a private company, limited by shares, registered in , registration number 14065694, registration address 25 Cornwall Gardens, London, NW10 2QX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Rent
Rent received comprises the value of services supplied by the company, net of any trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Average number of employees

Average number of employees during the period was 1.
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Total
  £   £
At 25 April 2022  
Additions 1,325,000    1,325,000 
Disposals  
At 30 April 2023 1,325,000    1,325,000 
Depreciation
At 25 April 2022  
Charge for period  
On disposals  
At 30 April 2023  
Net book values
Closing balance as at 30 April 2023 1,325,000    1,325,000 
Opening balance as at 25 April 2022  


3