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REGISTERED NUMBER: 02373307 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 March 2024

for

THE LONDON WALL BED COMPANY LIMITED

THE LONDON WALL BED COMPANY LIMITED (REGISTERED NUMBER: 02373307)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


THE LONDON WALL BED COMPANY LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J A Harland
Mrs V Harland





SECRETARY: Mrs V Harland





REGISTERED OFFICE: 13 Roslin Square
Roslin Road
London
W3 8DH





REGISTERED NUMBER: 02373307 (England and Wales)





ACCOUNTANTS: Garo & Co UK LLP
Chartered Certified Accountants
27 Daventry Street
London
NW1 6TD

THE LONDON WALL BED COMPANY LIMITED (REGISTERED NUMBER: 02373307)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 999 940
Investments 6 579,524 519,582
580,524 520,523

CURRENT ASSETS
Stocks 36,230 53,733
Debtors 20,182 68,880
Cash at bank and in hand 216,964 175,856
273,376 298,469
CREDITORS
Amounts falling due within one year 209,986 276,436
NET CURRENT ASSETS 63,390 22,033
TOTAL ASSETS LESS CURRENT
LIABILITIES

643,914

542,556

PROVISIONS FOR LIABILITIES 27,450 15,720
NET ASSETS 616,464 526,836

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 616,364 526,736
SHAREHOLDERS' FUNDS 616,464 526,836

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.

THE LONDON WALL BED COMPANY LIMITED (REGISTERED NUMBER: 02373307)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 October 2024 and were signed on its behalf by:





J A Harland - Director


THE LONDON WALL BED COMPANY LIMITED (REGISTERED NUMBER: 02373307)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The London Wall Bed Company 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1992, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

THE LONDON WALL BED COMPANY LIMITED (REGISTERED NUMBER: 02373307)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors have continued to assess the Company's trading results at the time of signing the financial statements and confirm that it has adequate resources available to meet its liabilities as they fall due, allowing the Company to continue in operational existence for a period of twelve months from the date of signing these financial statements.

The directors therefore believe that it is appropriate for the financial statements to be prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE

At 31 March 2024 1
At 31 March 2023 1

THE LONDON WALL BED COMPANY LIMITED (REGISTERED NUMBER: 02373307)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 24,035
Additions 380
Disposals (420 )
At 31 March 2024 23,995
DEPRECIATION
At 1 April 2023 23,095
Charge for year 216
Eliminated on disposal (315 )
At 31 March 2024 22,996
NET BOOK VALUE
At 31 March 2024 999
At 31 March 2023 940

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 April 2023 519,582
Additions 7,890
Revaluations 52,052
At 31 March 2024 579,524
NET BOOK VALUE
At 31 March 2024 579,524
At 31 March 2023 519,582

Fixed asset investments are listed investments on the London Stock Exchange measured at fair value through profit and loss account, the quoted market price amounted to £579,524 (2023: £519,582).

The historic cost of the fixed asset investments was £461,578 (2023: £453,688).

7. RETAINED EARNINGS

The retained earnings at the year end of £616,364 (2023: £526,736) include non-distributable fixed asset investments revaluation reserve of £90,746 (2023: £50,394). The non distributable reserve is stated net of deferred taxation on revaluation of £27,200 (2023: £15,500).