LONDON REAL ESTATE SOLUTIONS INCORPORATION LIMITED

Company Registration Number:
10866770 (England and Wales)

Unaudited micro entity accounts for the year ended 05 April 2024

Period of accounts

Start date: 06 April 2023

End date: 05 April 2024

LONDON REAL ESTATE SOLUTIONS INCORPORATION LIMITED

Contents of the Financial Statements

for the Period Ended 05 April 2024

Company Information - 3
Balance sheet - 4
Footnotes to the Balance Sheet - 6

LONDON REAL ESTATE SOLUTIONS INCORPORATION LIMITED

Company Information

for the Period Ended 05 April 2024




Registered office: Aquarelle House 29
259 City Road
Level 7
London
England
EC1V 1AG
Company Registration Number: 10866770 (England and Wales)

LONDON REAL ESTATE SOLUTIONS INCORPORATION LIMITED

Balance sheet

As at 05 April 2024


2024
£

2023
£
Fixed Assets: 691 920
Current assets: 7,031 6,392
Net current assets (liabilities): 7,031 6,392
Total assets less current liabilities: 7,722 7,312
Creditors: amounts falling due after more than one year: ( 202,734 ) ( 176,003 )
Total net assets (liabilities): ( 195,012 ) ( 168,691 )
Capital and reserves: ( 195,012 ) ( 168,691 )

LONDON REAL ESTATE SOLUTIONS INCORPORATION LIMITED

Balance sheet continued

For the year ending 5 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 of the small companies regime applicable to micro-entities.

This report was approved by the board of directors on 1 January 2025
And Signed On Behalf Of The Board By:

Name: A J A Shazad
Status: Director

The notes form part of these financial statements

LONDON REAL ESTATE SOLUTIONS INCORPORATION LIMITED

Footnotes to the Financial Statements

for the Period Ended 05 April 2024

  • 1. Employee Information

    Average number of employees: 0

LONDON REAL ESTATE SOLUTIONS INCORPORATION LIMITED

Footnotes to the Financial Statements

for the Period Ended 05 April 2024

  • 2. Off balance sheet disclosure

    In February 2024, the company became owner of Nested Ltd (name now changed to Join Even Limited) utilising investments from sophisticated investors. Join Even Limited is a mortgage lender, fully regulated and authorised by the UK's Financial Conduct Authority.

    The company paid significant abortive costs on a real estate financing transaction where the (non-bank) lender aborted on the transaction after issuing final form legal documentation and incurring approximately £177k of due diligence costs.

    The balance on the company's bounce back loan has reduced to £27,118.02 on 31st March 2024 (closest calculation date to 5th April 2024 provided by Bounce Back Loans).

    The sole shareholder continues to inject additional cash in the business as a going concern in the form of shareholder loan at 0% interest for the financial year. The company may voluntarily apply to cancel the firm's FCA permissions during the next financial year. This is given the acquisition of Join Even Limited and Join Even Limited's FCA authorisation - FCA permissions are not required at multi-company levels.