Registered number
10818201
London Property and Partners Limited
Filleted Accounts
31 January 2024
London Property and Partners Limited
Registered number: 10818201
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 3,496,461 3,496,461
Current assets
Debtors 4 2,135,186 2,135,186
Cash at bank and in hand 1,082 453
2,136,268 2,135,639
Creditors: amounts falling due within one year 5 (5,637,238) (5,636,009)
Net current liabilities (3,500,970) (3,500,370)
Net liabilities (4,509) (3,909)
Capital and reserves
Called up share capital 100 100
Profit and loss account (4,609) (4,009)
Shareholder's funds (4,509) (3,909)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Hassan Hashemi
Director
Approved by the board on 15 October 2024
London Property and Partners Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 February 2023 3,496,461
At 31 January 2024 3,496,461
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 2,135,086 2,135,086
Other debtors 100 100
2,135,186 2,135,186
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 5,637,238 5,636,009
6 Other information
London Property and Partners Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 Montepelier Street
London
England
SW7 1EE
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