London House (Crowborough) Limited 10381037 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is that of property development. Digita Accounts Production Advanced 6.30.9574.0 true true 10381037 2022-10-01 2023-09-30 10381037 2023-09-30 10381037 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 10381037 bus:SmallEntities 2022-10-01 2023-09-30 10381037 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 10381037 bus:FilletedAccounts 2022-10-01 2023-09-30 10381037 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 10381037 bus:RegisteredOffice 2022-10-01 2023-09-30 10381037 bus:Director1 2022-10-01 2023-09-30 10381037 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 10381037 countries:EnglandWales 2022-10-01 2023-09-30 10381037 2021-10-01 2022-09-30 10381037 2022-09-30 10381037 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 10381037 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2022-09-30 10381037 core:PreviouslyStatedAmount 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 10381037

London House (Crowborough) Limited

Unaudited Financial Statements

for the Year Ended 30 September 2023

Brebners
Chartered Accountants
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

 

London House (Crowborough) Limited

Statement of Financial Position as at 30 September 2023

Note

2023
£

2022
£

Current assets

 

Stocks

4

365,795

473,049

Cash at bank and in hand

 

56,582

1,180

 

422,377

474,229

Creditors: Amounts falling due within one year

5

(355,501)

(454,944)

Net assets

 

66,876

19,285

Capital and reserves

 

Called up share capital

4

4

Retained earnings

66,872

19,281

Shareholders' funds

 

66,876

19,285

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the Board on 24 September 2024 and signed on its behalf by:
 

.........................................

Z M Warren

Director

Company registration number: 10381037

 

London House (Crowborough) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
c/o Brebners
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of property development.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company made a profit for the year ended 30 September 2023 and had net assets of £66,876 at that date.

The company has few fixed overheads and directors believe the company has adequate working capital to complete or realise its developed property,

Having made enquiries the directors have reasonable expectation that the company has adequate resources to remain in operational existence for the foreseeable future. Accordingly, the directors continue to prepare the financial statements on the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of property in the ordinary course of the company's activities. Turnover is shown net of sales, returns, rebates and discounts.

The company recognises revenue from the sale of property on the date of contractual completion.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

London House (Crowborough) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

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.

3

Staff numbers

The average number of persons employed by the company during the year was 0 (2022 - 0).

4

Stocks

2023
£

2022
£

Work in progress

365,795

473,049

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Trade creditors

 

1,500

3,366

Taxation and social security

 

11,030

-

Other creditors

 

342,971

451,578

 

355,501

454,944