Registered number
01624661
London & West Limited
Unaudited Filleted Accounts
31 March 2024
London & West Limited
Registered number: 01624661
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 2,345,000 2,345,000
Current assets
Debtors 4 34,067 21,229
Cash at bank and in hand 25,564 13,293
59,631 34,522
Creditors: amounts falling due within one year 5 (439,080) (408,849)
Net current liabilities (379,449) (374,327)
Total assets less current liabilities 1,965,551 1,970,673
Provisions for liabilities (53,999) (53,999)
Net assets 1,911,552 1,916,674
Capital and reserves
Called up share capital 58,852 58,852
Profit and loss account 1,852,700 1,857,822
Shareholders' funds 1,911,552 1,916,674
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 members have 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.
S R Allpass
Director
Approved by the board on 31 October 2024
London & West Limited
Notes to the Accounts
for the year ended 31 March 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).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investments
Other
investments
£
Cost
At 1 April 2023 2,345,000
At 31 March 2024 2,345,000

The company's investment properties were revalued at their estimated open market values as at 31 March 2024 by the director, S R Allpass, based on his professional experience as a chartered surveyor.

The historical cost of the revalued properties is £1,320,653.

The estimated corporation tax payable if the investment properties were to be sold at their revalued amounts at 31 March 2024 is £53,999 and this has been recognised in deferred tax.
4 Debtors 2024 2023
£ £
Trade debtors 13,500 -
Other debtors 20,567 21,229
34,067 21,229
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 9,817
Taxation and social security costs 33,419 20,386
Other creditors 405,661 378,646
439,080 408,849
6 Related party transactions
The company made a loan of £4,082 (2023: £Nil) to Concept Management (UK) Limited, another company in which the director, S R Allpass, is interested as a director and shareholder. The loan is unsecured, interest free and with no fixed repayment date.

The company also received a loan of £242,371 (2023: £244,371) from Space Solutions (2014) Limited, another company in which the director, S R Allpass, is interested as a director and shareholder.
7 Controlling party
The ultimate controlling party is the director, S R Allpass, by virtue of his ownership of a majority of the issued share capital of the company.
8 Other information
London & West Limited is a private company limited by shares and incorporated in England. Its registered office is:
2nd Floor Nucleus House
2 Lower Mortlake Road
Richmond
TW9 2JA
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