Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31trueNo description of principal activity12022-11-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1false 12917521 2022-11-01 2023-10-31 12917521 2021-11-01 2022-10-31 12917521 2023-10-31 12917521 2022-10-31 12917521 c:Director1 2022-11-01 2023-10-31 12917521 d:FurnitureFittings 2023-10-31 12917521 d:FurnitureFittings 2022-10-31 12917521 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 12917521 d:FreeholdInvestmentProperty 2022-11-01 2023-10-31 12917521 d:FreeholdInvestmentProperty 2023-10-31 12917521 d:FreeholdInvestmentProperty 2022-10-31 12917521 d:FreeholdInvestmentProperty 2 2022-11-01 2023-10-31 12917521 d:CurrentFinancialInstruments 2023-10-31 12917521 d:CurrentFinancialInstruments 2022-10-31 12917521 d:Non-currentFinancialInstruments 2023-10-31 12917521 d:Non-currentFinancialInstruments 2022-10-31 12917521 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12917521 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12917521 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 12917521 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 12917521 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-31 12917521 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-10-31 12917521 d:ShareCapital 2023-10-31 12917521 d:ShareCapital 2022-10-31 12917521 d:OtherMiscellaneousReserve 2023-10-31 12917521 d:OtherMiscellaneousReserve 2022-10-31 12917521 d:RetainedEarningsAccumulatedLosses 2023-10-31 12917521 d:RetainedEarningsAccumulatedLosses 2022-10-31 12917521 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 12917521 d:AcceleratedTaxDepreciationDeferredTax 2022-10-31 12917521 c:FRS102 2022-11-01 2023-10-31 12917521 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12917521 c:FullAccounts 2022-11-01 2023-10-31 12917521 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12917521 f:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 12917521









LONDON LIVING SOLUTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2023

 
LONDON LIVING SOLUTIONS LIMITED
REGISTERED NUMBER: 12917521

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,385
2,308

Investment property
 5 
2,653,129
415,082

  
2,654,514
417,390

Current assets
  

Debtors: amounts falling due within one year
 6 
38,482
100

Cash at bank and in hand
 7 
19,512
2,777

  
57,994
2,877

Creditors: amounts falling due within one year
 8 
(769,832)
(425,703)

Net current liabilities
  
 
 
(711,838)
 
 
(422,826)

Total assets less current liabilities
  
1,942,676
(5,436)

Creditors: amounts falling due after more than one year
 9 
(1,882,068)
-

Provisions for liabilities
  

Deferred tax
  
(17,480)
-

  
 
 
(17,480)
 
 
-

Net assets/(liabilities)
  
43,128
(5,436)


Capital and reserves
  

Called up share capital 
  
100
100

Other reserves
  
52,439
-

Profit and loss account
  
(9,411)
(5,536)

  
43,128
(5,436)


Page 1

 
LONDON LIVING SOLUTIONS LIMITED
REGISTERED NUMBER: 12917521
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




N Busin
Director

Date: 30 October 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
LONDON LIVING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.


General information

London Living Solutions Limited is a private company limited by shares and incorporated in England and Wales (registered number: 12917521). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 
LONDON LIVING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
LONDON LIVING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2022 - 1).

Page 5

 
LONDON LIVING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 November 2022
3,693



At 31 October 2023

3,693



Depreciation


At 1 November 2022
1,385


Charge for the period on owned assets
923



At 31 October 2023

2,308



Net book value



At 31 October 2023
1,385

Page 6

 
LONDON LIVING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 November 2022
415,082


Additions at cost
2,168,129


Surplus on revaluation
69,918



At 31 October 2023
2,653,129

The 2023 valuations were made by the director, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
2,583,211
415,082

2,583,211
415,082


6.


Debtors

2023
2022
£
£


Called up share capital
100
100

Prepayments and accrued income
38,382
-

38,482
100



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
19,512
2,777

19,512
2,777


Page 7

 
LONDON LIVING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
223
223

Other creditors
767,609
423,480

Accruals and deferred income
2,000
2,000

769,832
425,703



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
1,882,068
-

1,882,068
-



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Bank loans
1,882,068
-

1,882,068
-

1,882,068
-


Page 8

 
LONDON LIVING SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

11.


Deferred taxation




2023


£






Charged to profit or loss
(17,480)



At end of year
(17,480)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Property revaluations
(17,480)
-

(17,480)
-


12.


Related party transactions

Included within other creditors is £767,609 (2022: £423,480) owed to the director.

 
Page 9