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REGISTERED NUMBER: 06258308 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

LONDON SOUTH EAST LTD

LONDON SOUTH EAST LTD (REGISTERED NUMBER: 06258308)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LONDON SOUTH EAST LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: P A Thomas





REGISTERED OFFICE: Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD





BUSINESS ADDRESS: 7th Floor
Maitland House
Warrior Square
Southend on Sea
Essex
SS1 2JY





REGISTERED NUMBER: 06258308 (England and Wales)





ACCOUNTANTS: A.R. Lee & Co.
Chartered Certified Accountants
Clarence Street Chambers
32 Clarence Street
Southend-on-Sea
Essex
SS1 1BD

LONDON SOUTH EAST LTD (REGISTERED NUMBER: 06258308)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 27,115 39,425
Tangible assets 5 6,371 7,167
33,486 46,592

CURRENT ASSETS
Debtors 6 1,000,596 975,003
Investments 7 51,570 -
Cash at bank 76,458 571,329
1,128,624 1,546,332
CREDITORS
Amounts falling due within one year 8 397,646 684,459
NET CURRENT ASSETS 730,978 861,873
TOTAL ASSETS LESS CURRENT
LIABILITIES

764,464

908,465

CREDITORS
Amounts falling due after more than one year 9 (22,279 ) (32,194 )

PROVISIONS FOR LIABILITIES (1,490 ) (1,532 )
NET ASSETS 740,695 874,739

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 740,595 874,639
SHAREHOLDERS' FUNDS 740,695 874,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LONDON SOUTH EAST LTD (REGISTERED NUMBER: 06258308)

BALANCE SHEET - continued
31 MAY 2023


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 director and authorised for issue on 13 February 2024 and were signed by:





P A Thomas - Director


LONDON SOUTH EAST LTD (REGISTERED NUMBER: 06258308)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

London South East Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 50% on cost

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.

LONDON SOUTH EAST LTD (REGISTERED NUMBER: 06258308)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Development
licences costs Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 240,938 238,888 479,826
AMORTISATION
At 1 June 2022 201,513 238,888 440,401
Amortisation for year 12,310 - 12,310
At 31 May 2023 213,823 238,888 452,711
NET BOOK VALUE
At 31 May 2023 27,115 - 27,115
At 31 May 2022 39,425 - 39,425

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022 1,072 148,240 149,312
Additions 925 4,021 4,946
At 31 May 2023 1,997 152,261 154,258
DEPRECIATION
At 1 June 2022 721 141,424 142,145
Charge for year 320 5,422 5,742
At 31 May 2023 1,041 146,846 147,887
NET BOOK VALUE
At 31 May 2023 956 5,415 6,371
At 31 May 2022 351 6,816 7,167

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 136,772 61,148
Other debtors 863,824 913,855
1,000,596 975,003

LONDON SOUTH EAST LTD (REGISTERED NUMBER: 06258308)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

7. CURRENT ASSET INVESTMENTS
31.5.23 31.5.22
£    £   
Unlisted investments 51,570 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 9,956 9,712
Trade creditors 197,226 298,461
Taxation and social security 150,220 200,091
Other creditors 40,244 176,195
397,646 684,459

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 22,279 32,194

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
P A Thomas
Balance outstanding at start of year 406,332 -
Amounts advanced 107,837 406,332
Amounts repaid (406,332 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 107,837 406,332

Loans to the director are interest free and repayable on demand.

The loan outstanding at 31 May 2022 was repaid in full on 4 November 2022.