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REGISTERED NUMBER: 02672360 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LONDON AND CENTRAL INVESTMENTS LIMITED

LONDON AND CENTRAL INVESTMENTS LIMITED (REGISTERED NUMBER: 02672360)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LONDON AND CENTRAL INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr David Ian Winton
Mr Izak Uziyel
Mr Jonathan Harry Winton
Mrs Freda Uziyel
Mrs Francoise Cecilia Winton





SECRETARY: Mrs Francoise Cecilia Winton





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 02672360 (England and Wales)





ACCOUNTANTS: MGR Weston Kay LLP
55 Loudoun Road
London
NW8 0DL

LONDON AND CENTRAL INVESTMENTS LIMITED (REGISTERED NUMBER: 02672360)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 97 129
Investment property 5 46,275,000 46,275,000
46,275,097 46,275,129

CURRENT ASSETS
Debtors 6 922,638 1,041,579
Cash at bank 1,294,193 1,227,080
2,216,831 2,268,659
CREDITORS
Amounts falling due within one year 7 (878,327 ) (812,036 )
NET CURRENT ASSETS 1,338,504 1,456,623
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,613,601

47,731,752

CREDITORS
Amounts falling due after more than one year 8 (9,500,000 ) (9,500,000 )

PROVISIONS FOR LIABILITIES 11 (7,404,989 ) (5,627,791 )
NET ASSETS 30,708,612 32,603,961

CAPITAL AND RESERVES
Called up share capital 12 100 100
Fair value reserve 13 28,967,213 30,744,411
Retained earnings 1,741,299 1,859,450
SHAREHOLDERS' FUNDS 30,708,612 32,603,961

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

LONDON AND CENTRAL INVESTMENTS LIMITED (REGISTERED NUMBER: 02672360)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by:




Mr David Ian Winton - Director



Mr Izak Uziyel - Director


LONDON AND CENTRAL INVESTMENTS LIMITED (REGISTERED NUMBER: 02672360)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

London and Central Investments 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent received, net of value added tax.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 6,035
DEPRECIATION
At 1 April 2023 5,906
Charge for year 32
At 31 March 2024 5,938
NET BOOK VALUE
At 31 March 2024 97
At 31 March 2023 129

LONDON AND CENTRAL INVESTMENTS LIMITED (REGISTERED NUMBER: 02672360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 46,275,000
NET BOOK VALUE
At 31 March 2024 46,275,000
At 31 March 2023 46,275,000

The directors consider the above valuations to be valid as at 31 March 2024.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2004 3,848,459
Valuation in 2006 1,839,733
Valuation in 2010 1,352,931
Valuation in 2012 4,774,000
Valuation in 2013 8,850,000
Valuation in 2014 (1,488,742 )
Valuation in 2015 6,050,000
Valuation in 2017 5,450,000
Valuation in 2020 5,704,770
Valuation in 2021 (21,557 )
Cost 9,915,406
46,275,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 890,962 1,009,903
Other debtors 31,676 31,676
922,638 1,041,579

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 454,835 387,505
Other creditors 423,492 424,531
878,327 812,036

LONDON AND CENTRAL INVESTMENTS LIMITED (REGISTERED NUMBER: 02672360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 9) 9,500,000 9,500,000

9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 9,500,000 9,500,000

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 9,500,000 9,500,000

The bank loans are secured by a fixed and floating charge over the assets of the company.

11. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 7,404,989 5,627,791

Deferred
tax
£   
Balance at 1 April 2023 5,627,791
Provided during year 1,777,198
Balance at 31 March 2024 7,404,989

LONDON AND CENTRAL INVESTMENTS LIMITED (REGISTERED NUMBER: 02672360)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
40 Ordinary 'A' £1 40 40
40 Ordinary 'B' £1 40 40
20 Ordinary 'C' £1 20 20
100 100

The Ordinary 'A' Shareholders are entitled to appoint an 'A' Director to represent the 'A' shareholders interest, and vote at general meetings of the company except that they have no powers to appoint 'B' Directors.

The Ordinary 'B' Shareholders are entitled to appoint a 'B' Director to represent the 'B' shareholders interest, and vote at general meetings of the company except that they have no powers to appoint 'A' Directors.

The Ordinary 'C' Shareholders are entitled to appoint a 'C' Director to represent the 'C' shareholders interest, but have no voting rights.

All of the Ordinary shares rank equally on winding up.

13. RESERVES
Fair
value
reserve
£   
At 1 April 2023 30,744,411
Fair value adjustment (1,777,198 )

At 31 March 2024 28,967,213