Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-31No description of principal activity2023-01-01false11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06781404 2023-01-01 2023-12-31 06781404 2022-01-01 2022-12-31 06781404 2023-12-31 06781404 2022-12-31 06781404 c:Director1 2023-01-01 2023-12-31 06781404 d:FurnitureFittings 2023-01-01 2023-12-31 06781404 d:FurnitureFittings 2023-12-31 06781404 d:FurnitureFittings 2022-12-31 06781404 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06781404 d:ComputerEquipment 2023-01-01 2023-12-31 06781404 d:ComputerEquipment 2023-12-31 06781404 d:ComputerEquipment 2022-12-31 06781404 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06781404 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06781404 d:CurrentFinancialInstruments 2023-12-31 06781404 d:CurrentFinancialInstruments 2022-12-31 06781404 d:Non-currentFinancialInstruments 2023-12-31 06781404 d:Non-currentFinancialInstruments 2022-12-31 06781404 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06781404 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06781404 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 06781404 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 06781404 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 06781404 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 06781404 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 06781404 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 06781404 d:ShareCapital 2023-12-31 06781404 d:ShareCapital 2022-12-31 06781404 d:RetainedEarningsAccumulatedLosses 2023-12-31 06781404 d:RetainedEarningsAccumulatedLosses 2022-12-31 06781404 c:FRS102 2023-01-01 2023-12-31 06781404 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06781404 c:FullAccounts 2023-01-01 2023-12-31 06781404 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06781404 2 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 06781404









LONDON PROPERTY TRADERS.COM LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
LONDON PROPERTY TRADERS.COM LTD
REGISTERED NUMBER: 06781404

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,475
7,967

  
5,475
7,967

Current assets
  

Stocks
  
53,967
53,967

Debtors: amounts falling due within one year
 5 
1,721
15,728

Cash at bank and in hand
 6 
1,065,368
896,510

  
1,121,056
966,205

Creditors: amounts falling due within one year
 7 
(981,467)
(816,916)

Net current assets
  
 
 
139,589
 
 
149,289

Total assets less current liabilities
  
145,064
157,256

Creditors: amounts falling due after more than one year
 8 
(3,513)
-

  

Net assets
  
141,551
157,256


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
141,451
157,156

  
141,551
157,256


Page 1

 
LONDON PROPERTY TRADERS.COM LTD
REGISTERED NUMBER: 06781404
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R Soltanie
Director

Date: 13 February 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
LONDON PROPERTY TRADERS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

London Property Traders.com Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 37-39 Maida Vale, London W9 1TP.
The financial statements are presented in Sterling, which is the functional currency of the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
LONDON PROPERTY TRADERS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Computer equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
LONDON PROPERTY TRADERS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
6,347
6,810
13,157



At 31 December 2023

6,347
6,810
13,157



Depreciation


At 1 January 2023
3,594
1,595
5,189


Charge for the year on owned assets
1,131
1,362
2,493



At 31 December 2023

4,725
2,957
7,682



Net book value



At 31 December 2023
1,622
3,853
5,475



At 31 December 2022
2,753
5,214
7,967

Page 5

 
LONDON PROPERTY TRADERS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Other debtors
1,721
13,373

Prepayments and accrued income
-
2,355

1,721
15,728



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,065,368
896,510

1,065,368
896,510



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
2,480
8,473

Amounts owed to group undertakings
150,000
752,000

Corporation tax
-
8,866

Other creditors
826,987
45,377

Accruals and deferred income
2,000
2,200

981,467
816,916



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
3,513
-

3,513
-


Page 6

 
LONDON PROPERTY TRADERS.COM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
2,480
8,473


2,480
8,473

Amounts falling due 1-2 years

Bank loans
2,480
-


2,480
-

Amounts falling due 2-5 years

Bank loans
1,033
-


1,033
-


5,993
8,473


 
Page 7