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REGISTERED NUMBER: 09360864 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

London Capital Property Finance Limited

London Capital Property Finance Limited (Registered number: 09360864)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


London Capital Property Finance Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr N Christofi





REGISTERED OFFICE: Sirus Property Finance
4 Copthall Avenue
London
EC2R 7DA





REGISTERED NUMBER: 09360864 (England and Wales)





ACCOUNTANTS: CAS MCGEE LTD
Chartered Certified Accountants
130a Darkes Lane
Potters Bar
Hertfordshire
EN6 1AF

London Capital Property Finance Limited (Registered number: 09360864)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,792 6,389
Investments 5 43,000 50,000
47,792 56,389

CURRENT ASSETS
Debtors 6 820,240 676,432
Cash at bank 98,583 2,328
918,823 678,760
CREDITORS
Amounts falling due within one year 7 152,252 91,229
NET CURRENT ASSETS 766,571 587,531
TOTAL ASSETS LESS CURRENT
LIABILITIES

814,363

643,920

CREDITORS
Amounts falling due after more than one
year

8

(67,407

)

(89,487

)

PROVISIONS FOR LIABILITIES 10 (1,274 ) (1,578 )
NET ASSETS 745,682 552,855

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 745,582 552,755
SHAREHOLDERS' FUNDS 745,682 552,855

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Capital Property Finance Limited (Registered number: 09360864)

Balance Sheet - continued
31 March 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 16 February 2024 and were signed by:





Mr N Christofi - Director


London Capital Property Finance Limited (Registered number: 09360864)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

London Capital Property Finance Limited 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.

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.

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 - 25% 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.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Debtors
Short term debtors are measured at a transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised costs determined using the effective interest method, less any impairments losses for bad and doubtful debts.

London Capital Property Finance Limited (Registered number: 09360864)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Provisions
Provisions (ie./ liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 6,773 12,554 19,327
DEPRECIATION
At 1 April 2022 3,786 9,152 12,938
Charge for year 747 850 1,597
At 31 March 2023 4,533 10,002 14,535
NET BOOK VALUE
At 31 March 2023 2,240 2,552 4,792
At 31 March 2022 2,987 3,402 6,389

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 50,000
PROVISIONS

Reclassification 7,000
At 31 March 2023 7,000
NET BOOK VALUE
At 31 March 2023 43,000
At 31 March 2022 50,000

London Capital Property Finance Limited (Registered number: 09360864)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other loans 810,971 670,182
Prepayments 9,269 6,250
820,240 676,432

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 9) 13,012 -
Tax 121,695 82,336
Social security and other taxes 7,945 -
Directors' current accounts 1,619 733
Accrued expenses 7,981 8,160
152,252 91,229

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 9) 67,407 89,487

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 67,407 89,487

9. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 13,012 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 67,407 89,487

10. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax
Accelerated capital allowances 1,274 1,578

London Capital Property Finance Limited (Registered number: 09360864)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 1,578
Provided during year (304 )
Balance at 31 March 2023 1,274

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary shares £1.00 100 100

12. RESERVES
Retained
earnings
£   

At 1 April 2022 552,755
Profit for the year 267,827
Dividends (75,000 )
At 31 March 2023 745,582

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.3.23 31.3.22
£    £   
Mr N Christofi
Balance outstanding at start of year 733 984
Amounts advanced 886 -
Amounts repaid - (251 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,619 733

14. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with other related entities.

London Capital Property Finance Limited (Registered number: 09360864)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

15. POST BALANCE SHEET EVENTS

There were no essential either adjusting events or non-adjusting events in the period of time elapsing between the balance sheet date and the date on which these financial statements are prepared. The impact of COVID-19 is described in the Going Concern Consideration note.

The ongoing Russia-Ukraine conflict has resulted in going concern becoming a significant risk. The United States and Europe have avoided direct military conflict with Russia amid its conflict with Ukraine. They have however used a set of financial sanctions to limit Russia's access to financial resources. The impact of the sanctions may result in difficulties for the company to operate. Neither London Capital Property Finance Limited nor the owners are currently on the sanctions list at the time of this report, however this may change as the situation changes.

16. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N Christofi.

17. GOING CONCERN CONSIDERATION

The Company's management does not see a severe impact of COVID-19 outbreak to its activity. The Company tested the financial impact on the following areas of financial statements that can be affected:
- Breach of trade contracts
- Revenue
- Cost of sales
- Expenditure
- Inventories fair value measurements
- Debt repayment