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REGISTERED NUMBER: 06005533 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

LONDON GRECIAN LTD

LONDON GRECIAN LTD (REGISTERED NUMBER: 06005533)

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 GRECIAN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr C Toumazos





SECRETARY: Mrs M Toumazou





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 06005533 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

LONDON GRECIAN LTD (REGISTERED NUMBER: 06005533)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,160,879 1,202,186
1,160,879 1,202,186

CURRENT ASSETS
Debtors 6 4,300 4,300
Cash at bank and in hand 7,910 9,290
12,210 13,590
CREDITORS
Amounts falling due within one year 7 520,231 390,558
NET CURRENT LIABILITIES (508,021 ) (376,968 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

652,858

825,218

CREDITORS
Amounts falling due after more than one
year

8

(308,333

)

(436,347

)

PROVISIONS FOR LIABILITIES 10 (59,355 ) (59,355 )
NET ASSETS 285,170 329,516

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 408,812 408,812
Retained earnings (123,742 ) (79,396 )
SHAREHOLDERS' FUNDS 285,170 329,516

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 GRECIAN LTD (REGISTERED NUMBER: 06005533)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 February 2025 and were signed by:





Mr C Toumazos - Director


LONDON GRECIAN LTD (REGISTERED NUMBER: 06005533)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

London Grecian Ltd 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 represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts, other sales taxes and net of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of eight 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.
Freehold property - 2% straight line
Short leasehold - 10% straight line
Long leasehold - 2% straight line
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Crockery and cutlery - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


LONDON GRECIAN LTD (REGISTERED NUMBER: 06005533)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 436,000
AMORTISATION
At 1 December 2022
and 30 November 2023 436,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

LONDON GRECIAN LTD (REGISTERED NUMBER: 06005533)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


5. TANGIBLE FIXED ASSETS
Freehold Short Long Plant and
property leasehold leasehold machinery
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 1,000,000 16,898 226,069 130,953
DEPRECIATION
At 1 December 2022 124,036 16,898 54,245 103,506
Charge for year 13,625 - 4,521 4,117
At 30 November 2023 137,661 16,898 58,766 107,623
NET BOOK VALUE
At 30 November 2023 862,339 - 167,303 23,330
At 30 November 2022 875,964 - 171,824 27,447

Fixtures Crockery
and Motor and
fittings vehicles cutlery Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 320,698 12,752 46,362 1,753,732
DEPRECIATION
At 1 December 2022 216,393 7,380 29,088 551,546
Charge for year 15,646 806 2,592 41,307
At 30 November 2023 232,039 8,186 31,680 592,853
NET BOOK VALUE
At 30 November 2023 88,659 4,566 14,682 1,160,879
At 30 November 2022 104,305 5,372 17,274 1,202,186

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 4,300 4,300

LONDON GRECIAN LTD (REGISTERED NUMBER: 06005533)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors - 3,412
Amounts due to related company 503,969 350,475
Tax 6,057 5,401
Social security and other taxes - 5,930
Pension Liability - 280
Directors' current accounts 8,205 11,382
Accrued expenses 2,000 13,678
520,231 390,558

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 9) 308,333 436,347

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 282,500 401,347

9. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 25,833 35,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 282,500 401,347

10. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 59,355 59,355

LONDON GRECIAN LTD (REGISTERED NUMBER: 06005533)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2022 59,355
Movement in the year
Balance at 30 November 2023 59,355

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary 1 100 100

12. RESERVES
Fair
value
reserve
£   
At 1 December 2022
and 30 November 2023 408,812