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REGISTERED NUMBER: 10452108 (England and Wales)









Financial Statements

for the Year Ended 31 October 2023

for

Consolidated London Investments Ltd

Consolidated London Investments Ltd (Registered number: 10452108)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Consolidated London Investments Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: M K Rodwell
Mrs L C Sidoli





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 10452108 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Consolidated London Investments Ltd (Registered number: 10452108)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 101,046 1,045

CURRENT ASSETS
Debtors 5 66,048,425 49,817,785
Cash at bank and in hand 104,342 189,790
66,152,767 50,007,575
CREDITORS
Amounts falling due within one year 6 (66,314,084 ) (50,063,116 )
NET CURRENT LIABILITIES (161,317 ) (55,541 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(60,271

)

(54,496

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (60,371 ) (54,596 )
(60,271 ) (54,496 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 July 2024 and were signed on its behalf by:





M K Rodwell - Director


Consolidated London Investments Ltd (Registered number: 10452108)

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

1. STATUTORY INFORMATION

Consolidated London Investments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Consolidated London Investments Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399 of the Companies Act 2006 from the requirement to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption in Financial Reporting Standard 102 not to disclose related party transactions with wholly owned entities within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less provision for impairments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Fixed asset investments
Fixed asset investments are recognised at cost less provision for diminution in value.

Going concern
At 31 October 2023, the company had a net liability position. The directors are of the opinion that as the value of the company's investments in the principal subsidiaries is greatly in excess of cost, the financial statements have been prepared on going concern basis.

3. EMPLOYEES AND DIRECTORS

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

Consolidated London Investments Ltd (Registered number: 10452108)

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

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 November 2022 1,045 - 1,045
Additions 1 100,000 100,001
At 31 October 2023 1,046 100,000 101,046
NET BOOK VALUE
At 31 October 2023 1,046 100,000 101,046
At 31 October 2022 1,045 - 1,045

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 16,390,511 159,871
Loans to group undertakings 49,657,914 49,657,914
66,048,425 49,817,785

The loans to group undertakings are interest free and repayable on demand. Further information is given in note 8.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 12,396,419 143,350
Other loans 53,907,914 49,907,914
Accruals & deferred income 9,751 11,852
66,314,084 50,063,116

Other loans are interest free and repayable on demand.

7. CONTINGENT LIABILITIES

The group bank loan in the subsidiary company, C L Investments Holdings Limited is secured by a charge over the shareholding in the subsidiary company and a charge over subordinated loan agreements between the company and the subsidiary amounting to £49,657,914. At 31 October 2023, the bank loan in the subsidiary company amounted to £50,392,500.