Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 09933989 Mr Oladipupo Giwa Oladipupo Giwa true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09933989 2023-01-31 09933989 2024-01-31 09933989 2023-02-01 2024-01-31 09933989 frs-core:CurrentFinancialInstruments 2024-01-31 09933989 frs-core:Non-currentFinancialInstruments 2024-01-31 09933989 frs-core:ShareCapital 2024-01-31 09933989 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 09933989 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09933989 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 09933989 frs-bus:SmallEntities 2023-02-01 2024-01-31 09933989 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09933989 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 09933989 1 2023-02-01 2024-01-31 09933989 frs-bus:Director1 2023-02-01 2024-01-31 09933989 frs-countries:EnglandWales 2023-02-01 2024-01-31 09933989 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-01-31 09933989 2022-01-31 09933989 2023-01-31 09933989 2022-02-01 2023-01-31 09933989 frs-core:CurrentFinancialInstruments 2023-01-31 09933989 frs-core:Non-currentFinancialInstruments 2023-01-31 09933989 frs-core:ShareCapital 2023-01-31 09933989 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 09933989
Properties of London Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Alexander Scott Limited
Third Floor
207 Regent Street
London
W1B 3HH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09933989
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,168,888 1,168,888
1,168,888 1,168,888
CURRENT ASSETS
Debtors 5 1 1
Cash at bank and in hand 487 2,456
488 2,457
Creditors: Amounts Falling Due Within One Year 6 (387,858 ) (377,487 )
NET CURRENT ASSETS (LIABILITIES) (387,370 ) (375,030 )
TOTAL ASSETS LESS CURRENT LIABILITIES 781,518 793,858
Creditors: Amounts Falling Due After More Than One Year (697,224 ) (697,224 )
NET ASSETS 84,294 96,634
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 84,293 96,633
SHAREHOLDERS' FUNDS 84,294 96,634
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Oladipupo Giwa
Director
31st October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Properties of London Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09933989 . The registered office is 201 Portland Road, London, N15 4SZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 February 2023 and 31 January 2024 1,168,888
5. Debtors
2024 2023
£ £
Due within one year
Called up share capital not paid 1 1
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 9,974 10,022
Accruals and deferred income 599 -
Director's loan account 377,285 367,465
387,858 377,487
Of the creditors falling due after more than one year the following amounts are due after more than five years.
Page 3
Page 4
2024 2023
£ £
Bank loans - 697,224
8. Share Capital
2024 2023
£ £
Called Up Share Capital not Paid 1 1
Amount of Allotted, Called Up Share Capital 1 1
9. Ultimate Controlling Party
The company's ultimate controlling party is Oladipupo Giwa by virtue of his ownership of 100% of the issued share capital in the company.
Page 4