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REGISTERED NUMBER: 05151073 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

London Coins Limited

London Coins Limited (Registered number: 05151073)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


London Coins Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: S J Lockett





SECRETARY: Mrs S Lockett





REGISTERED OFFICE: 4 - 6 Upper Street South
New Ash Green
Kent
DA3 8JJ





REGISTERED NUMBER: 05151073 (England and Wales)





ACCOUNTANTS: Townsend & Co Accountants Limited
Office 3
Kings Head Centre
38 High Street
Maldon
Essex
CM9 5PN

London Coins Limited (Registered number: 05151073)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,200 6,200
Tangible assets 5 914,254 917,974
920,454 924,174

CURRENT ASSETS
Stocks 235,646 240,796
Debtors 6 579,663 557,580
Investments 7 597,459 579,598
Cash at bank and in hand 180,159 223,064
1,592,927 1,601,038
CREDITORS
Amounts falling due within one year 8 121,799 121,734
NET CURRENT ASSETS 1,471,128 1,479,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,391,582

2,403,478

CREDITORS
Amounts falling due after more than one
year

9

142,890

319,014
NET ASSETS 2,248,692 2,084,464

CAPITAL AND RESERVES
Called up share capital 200,501 200,501
Retained earnings 2,048,191 1,883,963
SHAREHOLDERS' FUNDS 2,248,692 2,084,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

London Coins Limited (Registered number: 05151073)

Balance Sheet - continued
30 November 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2024 and were signed by:





S J Lockett - Director


London Coins Limited (Registered number: 05151073)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

London Coins 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.

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.

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 0, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

London Coins Limited (Registered number: 05151073)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 47,800
AMORTISATION
At 1 December 2022
and 30 November 2023 41,600
NET BOOK VALUE
At 30 November 2023 6,200
At 30 November 2022 6,200

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 893,168 61,693 954,861
DEPRECIATION
At 1 December 2022 - 36,887 36,887
Charge for year - 3,720 3,720
At 30 November 2023 - 40,607 40,607
NET BOOK VALUE
At 30 November 2023 893,168 21,086 914,254
At 30 November 2022 893,168 24,806 917,974

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 317,558 295,475
Other debtors 262,105 262,105
579,663 557,580

7. CURRENT ASSET INVESTMENTS
30.11.23 30.11.22
£    £   
Shares in group undertakings 597,459 579,598

London Coins Limited (Registered number: 05151073)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 24,000 88,741
Hire purchase contracts 3,000 3,000
Trade creditors 23,969 24,195
Taxation and social security 3,476 3,898
Other creditors 67,354 1,900
121,799 121,734

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 136,890 310,014
Hire purchase contracts 6,000 9,000
142,890 319,014