London Exchange Limited 02949495 true 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is Estate agency and retail of mobile phone Digita Accounts Production Advanced 6.30.9574.0 true Mr Roger Hasbani Mr Elie Hasbani Laurance Valerik true 02949495 2022-08-01 2023-07-31 02949495 2023-07-31 02949495 bus:OrdinaryShareClass1 2023-07-31 02949495 core:RetainedEarningsAccumulatedLosses 2023-07-31 02949495 core:ShareCapital 2023-07-31 02949495 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 02949495 bus:FRS102 2022-08-01 2023-07-31 02949495 bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 02949495 bus:FullAccounts 2022-08-01 2023-07-31 02949495 bus:RegisteredOffice 2022-08-01 2023-07-31 02949495 bus:Director1 2022-08-01 2023-07-31 02949495 bus:Director2 2022-08-01 2023-07-31 02949495 bus:Director3 2022-08-01 2023-07-31 02949495 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 02949495 bus:EntityNoLongerTradingButTradedInPast 2022-08-01 2023-07-31 02949495 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 02949495 countries:UnitedKingdom 2022-08-01 2023-07-31 02949495 2022-07-31 02949495 bus:OrdinaryShareClass1 2022-07-31 02949495 core:RetainedEarningsAccumulatedLosses 2022-07-31 02949495 core:ShareCapital 2022-07-31 02949495 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02949495

London Exchange Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2023

 

London Exchange Limited

Profit and Loss Account for the Year Ended 31 July 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

London Exchange Limited

(Registration number: 02949495)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

71

71

Creditors: Amounts falling due within one year

4

(240,320)

(239,600)

Net liabilities

 

(240,249)

(239,529)

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

(240,349)

(239,629)

Shareholders' deficit

 

(240,249)

(239,529)

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 18 April 2024 and signed on its behalf by:
 

.........................................
Mr Elie Hasbani
Director

 

London Exchange Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
9 Berners Place
London
W1T 3AD
United Kingdom

These financial statements were authorised for issue by the Board on 18 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

London Exchange Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

3

Cash and cash equivalents

2023
£

2022
£

Cash at bank

71

71

4

Creditors

Note

2023
£

2022
£

Due within one year

 

Directors loan account

15,505

14,425

Accruals

 

720

1,080

Shareholders loan account

 

224,095

224,095

 

240,320

239,600

5

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

100

100

100

100