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Registered Number: 10924872
England and Wales

 

 

 

LONDON HOUSING DEVELOPMENT LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 802,268    758,288 
802,268    758,288 
Current assets      
Debtors 4 2,100    3,075 
Cash at bank and in hand 9,443    4,836 
11,543    7,911 
Creditors: amount falling due within one year 5 (291,599)   (284,752)
Net current assets (280,056)   (276,841)
 
Total assets less current liabilities 522,212    481,447 
Creditors: amount falling due after more than one year 6 (496,791)   (518,819)
Net assets 25,421    (37,372)
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account 25,419    (37,374)
Shareholders' funds 25,421    (37,372)
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 30 August 2024 and were signed on its behalf by:


-------------------------------
Upasna Srivastava
Director
1
General Information
London Housing Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 10924872, registration address 5 Stratton Road, Bexleyheath, DA7 4AH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
As with most businesses the company has been impacted by the Coronavirus (Covid-19). This has had an impact on operations, customers, suppliers and staff. The Company has utilised the grants and benefits available from the Government and is taking the steps it can to protect the future of the business. Although the total impact is still uncertain the directors believe that it is appropriate to prepare the accounts on a going concern basis.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 15% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Investment properties   Total
  £   £   £
At 01 February 2023 11,431    803,865    815,296 
Additions 380      380 
Disposals    
Revaluations   (8,965)   (8,965)
At 31 January 2024 11,811    794,900    806,711 
Depreciation
At 01 February 2023 3,143      3,143 
Charge for year 1,300      1,300 
On disposals    
At 31 January 2024 4,443      4,443 
Net book values
Closing balance as at 31 January 2024 7,368    794,900    802,268 
Opening balance as at 01 February 2023 8,288    750,000    758,288 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 2,100    3,075 
2,100    3,075 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Corporation Tax 4,242   
Accrued Expenses 791    792 
Advance Paid 3,510   
Other Creditors 2,100    3,075 
Director: Upasna Srivastava 280,956    280,885 
291,599    284,752 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 496,791    518,819 
496,791    518,819 

7.

Directors Loans and Guarantees

Included in creditors: amounts due within one year, are amounts owed to the Directors of £280,956 (2023 - £280,885)

2