Company Registration No. 02919906 (England and Wales)
London's Home Limited
Unaudited accounts
for the year ended 30 September 2023
London's Home Limited
Unaudited accounts
Contents
London's Home Limited
Company Information
for the year ended 30 September 2023
Directors
Dursaliye Sahan
Osman Sahan
Company Number
02919906 (England and Wales)
Registered Office
48 The Ridgeway
London
E4 6PU
England
Accountants
ABR Chartered Accountants
2-4 Eastern Road
St Georges House
Romford
RM1 3PJ
London's Home Limited
Statement of financial position
as at 30 September 2023
Tangible assets
27,033
32,978
Investment property
11,450,000
11,450,000
Cash at bank and in hand
106,602
87,382
Creditors: amounts falling due within one year
86,912
100,716
Net current assets
407,180
363,869
Total assets less current liabilities
11,884,213
11,846,847
Creditors: amounts falling due after more than one year
(3,411,654)
(3,490,574)
Provisions for liabilities
Deferred tax
(1,926,003)
(1,924,936)
Net assets
6,546,556
6,431,337
Called up share capital
1,400
1,400
Revaluation reserve
8,182,358
8,182,358
Profit and loss account
(1,637,202)
(1,752,421)
Shareholders' funds
6,546,556
6,431,337
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 December 2023 and were signed on its behalf by
Osman Sahan
Director
Company Registration No. 02919906
London's Home Limited
Notes to the Accounts
for the year ended 30 September 2023
London's Home Limited is a private company, limited by shares, registered in England and Wales, registration number 02919906. The registered office is 48 The Ridgeway, London, E4 6PU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Reducing balance
Computer equipment
33.33% Straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2022
168,036
5,130
173,166
At 30 September 2023
168,036
5,429
173,465
At 1 October 2022
138,478
1,710
140,188
Charge for the year
4,434
1,810
6,244
At 30 September 2023
142,912
3,520
146,432
At 30 September 2023
25,124
1,909
27,033
At 30 September 2022
29,558
3,420
32,978
Fair value at 1 October 2022
11,450,000
At 30 September 2023
11,450,000
London's Home Limited
Notes to the Accounts
for the year ended 30 September 2023
Amounts falling due within one year
Trade debtors
90,610
50,485
Accrued income and prepayments
26,465
28,695
Other debtors
96,591
96,591
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
36,735
70,399
Other creditors
130,000
130,000
Loans from directors
(265,522)
(331,538)
Deferred income
11,875
11,875
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
3,411,654
3,490,574
9
Transactions with related parties
The total loans advanced to Mr. Osman Sahan, the director of the company amounts to £265,522 (2022: £331,537). This loan is repayable on demand and subject to interest at 3% per annum. The loan remains outstanding as of the balance sheet date.
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).