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REGISTERED NUMBER: 10469660 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

LONDON BUILDING PROPERTIES LIMITED

LONDON BUILDING PROPERTIES LIMITED (REGISTERED NUMBER: 10469660)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LONDON BUILDING PROPERTIES LIMITED

Company Information
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: B C Lee
J E Woolger





REGISTERED OFFICE: Ferrari House
258 Field End Road
Ruislip
Middlesex
HA4 9UU





REGISTERED NUMBER: 10469660 (England and Wales)





ACCOUNTANTS: Diverset Limited
Chartered Accountants
Ferrari House
258 Field End Road
Ruislip
Middlesex
HA4 9UU

LONDON BUILDING PROPERTIES LIMITED (REGISTERED NUMBER: 10469660)

Balance Sheet
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,191,621 2,244,493

CURRENT ASSETS
Debtors 5 22,712 17,596
Cash at bank and in hand 19,131 31,235
41,843 48,831
CREDITORS
Amounts falling due within one year 6 2,974,950 2,006,795
NET CURRENT LIABILITIES (2,933,107 ) (1,957,964 )
TOTAL ASSETS LESS CURRENT LIABILITIES 258,514 286,529

CREDITORS
Amounts falling due after more than one
year

7

254,429

266,334
NET ASSETS 4,085 20,195

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,985 20,095
SHAREHOLDERS' FUNDS 4,085 20,195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 BUILDING PROPERTIES LIMITED (REGISTERED NUMBER: 10469660)

Balance Sheet - continued
31 JULY 2024


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 Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:





J E Woolger - Director


LONDON BUILDING PROPERTIES LIMITED (REGISTERED NUMBER: 10469660)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

London Building Properties 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.

The directors has concluded that the company is and remains a going concern based on the continued support of the director.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 NIL (2023 - NIL).

LONDON BUILDING PROPERTIES LIMITED (REGISTERED NUMBER: 10469660)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 2,244,493
Additions 947,128
At 31 July 2024 3,191,621
NET BOOK VALUE
At 31 July 2024 3,191,621
At 31 July 2023 2,244,493

The Directors consider that the cost of the properties represents the fair value of the property on the open market as at 31 March 2021.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 22,712 17,596

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,750 14,750
Trade creditors 8,717 8,905
Amounts owed to group undertakings 2,924,233 1,977,403
Taxation and social security - 4,837
Other creditors 27,250 900
2,974,950 2,006,795

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 254,429 266,334

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 254,429 266,334

LONDON BUILDING PROPERTIES LIMITED (REGISTERED NUMBER: 10469660)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 269,179 281,084

The bank loan is secured on the company freehold investment property.

9. RELATED PARTY DISCLOSURES

At the year end, the company owed £1,939,000 (2023 : £1,025,000) to London Building Equipment Holdings Ltd, the 100% holding company, and £985,232 (2023 : £952,403) to London Building Equipment (UK) Ltd, a company under common control.

10. CONTROLLING PARTY

The controlling party is B Lee by virtue of their shareholding in the parent company London Building Equipment Holdings Ltd.