REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
LONDON AND CENTRAL INVESTMENTS LIMITED |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 12 |
Fair value reserve | 13 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents rent received, net of value added tax. |
Tangible fixed assets |
Fixtures and fittings | - |
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. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
and |
fittings |
£ |
COST |
At 1 April 2023 |
and 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
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 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
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 |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Taxation and social security |
Other creditors |
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. | 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 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.3.24 | 31.3.23 |
£ | £ |
Bank loans |
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 |
Provided during year |
Balance at 31 March 2024 |
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: | £ | £ |
Ordinary 'A' | £1 | 40 | 40 |
Ordinary 'B' | £1 | 40 | 40 |
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 |
Fair value adjustment | (1,777,198 | ) |
At 31 March 2024 |