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Company registration number: 13157265
1.61 London Developments Ltd
Unaudited filleted financial statements
31 January 2024
1.61 London Developments Ltd
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
1.61 London Developments Ltd
Statement of financial position
31 January 2024
2024
Note £ £
Current assets
Debtors 4 300,042
Investments 5 99,958
Cash at bank and in hand 641
_______
400,641
Creditors: amounts falling due
within one year 6 ( 402,440)
_______
Net current liabilities ( 1,799)
_______
Total assets less current liabilities ( 1,799)
_______
Net liabilities ( 1,799)
_______
Capital and reserves
Called up share capital 2
Profit and loss account ( 1,801)
_______
Shareholders deficit ( 1,799)
_______
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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 29 January 2025 , and are signed on behalf of the board by:
Mr A Christou
Director
Company registration number: 13157265
1.61 London Developments Ltd
Statement of changes in equity
Year ended 31 January 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 February 2023 2 (1,321) (1,319)
Loss for the year ( 480) ( 480)
_______ _______ _______
Total comprehensive income for the year - ( 480) ( 480)
_______ _______ _______
At 31 January 2024 2 ( 1,801) ( 1,799)
_______ _______ _______
1.61 London Developments Ltd
Notes to the financial statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Office FF10, Brooklands House, 58 Marlborough Road, Lancing, West Sussex, BN15 8AF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company has excess liabilites over profits totalling £1,319. The company relies on the continuing support of its directors and sister company and on the basis that this support is forthcoming the directors feel it is appropriate to prepare the acconts on a going concer basis.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Debtors
2024
£
Other debtors 300,042
_______
5. Investments
2024
£
Other investments 99,958
_______
6. Creditors: amounts falling due within one year
2024
£
Other creditors 402,440
_______