Registered number
07507753
LONDON CORE REVIEW LIMITED
Filleted Accounts
31 July 2023
LONDON CORE REVIEW LIMITED
Registered number: 07507753
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,912 3,523
Current assets
Debtors 4 - 179
Cash at bank and in hand 80,344 83,866
80,344 84,045
Creditors: amounts falling due within one year 5 (5,944) (1,610)
Net current assets 74,400 82,435
Net assets 78,312 85,958
Capital and reserves
Called up share capital 100 100
Profit and loss account 78,212 85,858
Shareholders' funds 78,312 85,958
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr. Aziz Momin
Director
Approved by the board on 10 October 2023
LONDON CORE REVIEW LIMITED
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 8,795
Additions 3,450
At 31 July 2023 12,245
Depreciation
At 1 August 2022 5,272
Charge for the year 3,061
At 31 July 2023 8,333
Net book value
At 31 July 2023 3,912
At 31 July 2022 3,523
4 Debtors 2023 2022
£ £
Other debtors - 179
5 Creditors: amounts falling due within one year 2023 2022
£ £
Director's loan account 3,054 110
Accruals 2,890 1,500
5,944 1,610
6 Other information
LONDON CORE REVIEW LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
68 Norwood Avenue
Alperton
Wembley
Middlesex
HA0 1LY
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