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REGISTERED NUMBER: 07560912 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LONDON PROPERTY INVESTORS LTD

LONDON PROPERTY INVESTORS LTD (REGISTERED NUMBER: 07560912)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


LONDON PROPERTY INVESTORS LTD (REGISTERED NUMBER: 07560912)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 443 591
Investments 5 50,350 50,350
Investment property 6 602,802 602,802
653,595 653,743

CURRENT ASSETS
Debtors 7 417,418 433,338
Cash at bank 116,891 193,157
534,309 626,495
CREDITORS
Amounts falling due within one year 8 235,299 356,602
NET CURRENT ASSETS 299,010 269,893
TOTAL ASSETS LESS CURRENT
LIABILITIES

952,605

923,636

CREDITORS
Amounts falling due after more than one year 9 (433,741 ) (417,919 )

PROVISIONS FOR LIABILITIES 11 (86,235 ) (86,235 )
NET ASSETS 432,629 419,482

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 12 258,704 258,704
Retained earnings 172,925 159,778
432,629 419,482

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 PROPERTY INVESTORS LTD (REGISTERED NUMBER: 07560912)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 director and authorised for issue on 24 January 2025 and were signed by:





Mr R Moledina - Director


LONDON PROPERTY INVESTORS LTD (REGISTERED NUMBER: 07560912)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

London Property Investors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07560912

Registered office: 1 Kings Avenue
London
N21 3NA

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods.

There are significant judgements and estimates involved in the preparation of the financial statements.

Revenue
Revenue represents the value of rental income chargeable in respect of the company's investment property. Revenue is recognised evenly over the period of the rental agreement.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 25% reducing balance

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

Investments in subsidiaries and associates
Investment in subsidiaries and associates are recognized at cost less impairment.

LONDON PROPERTY INVESTORS LTD (REGISTERED NUMBER: 07560912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Investment property
Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand and short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

LONDON PROPERTY INVESTORS LTD (REGISTERED NUMBER: 07560912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 1,224
DEPRECIATION
At 1 April 2023 633
Charge for year 148
At 31 March 2024 781
NET BOOK VALUE
At 31 March 2024 443
At 31 March 2023 591

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 50,350
NET BOOK VALUE
At 31 March 2024 50,350
At 31 March 2023 50,350

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 602,802
NET BOOK VALUE
At 31 March 2024 602,802
At 31 March 2023 602,802

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2014 161,938
Valuation in 2019 132,000
Valuation in 2023 51,000
Cost 257,864
602,802

LONDON PROPERTY INVESTORS LTD (REGISTERED NUMBER: 07560912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. INVESTMENT PROPERTY - continued

If investment properties had not been revalued it would have been included at the following historical cost:

2024 2023
as restated
£    £   
Cost 257,864 257,864

Investment properties were valued on an open market basis on 31 March 2024 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Amounts owed by group undertakings 31,290 37,290
Other debtors 386,128 396,048
417,418 433,338

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 6,949 11,918
Trade creditors 120 120
Taxation and social security 4,396 15,557
Other creditors 223,834 329,007
235,299 356,602

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£    £   
Bank loans 433,741 417,919

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 425,634 256,325

Repayable by instalments
Bank loans more 5 yr by instal - 146,538

LONDON PROPERTY INVESTORS LTD (REGISTERED NUMBER: 07560912)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
as restated
£    £   
Bank Loans 425,634 402,863

The bank loans were secured by way of fixed and floating charge on the investment properties of the company and contains a negative pledge.

11. PROVISIONS FOR LIABILITIES
2024 2023
as restated
£    £   
Deferred tax 86,235 86,235

Deferred
tax
£   
Balance at 1 April 2023 86,235
Balance at 31 March 2024 86,235

12. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 258,704

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in the other debtors less than one year is an amount of £385,668 (2023: £228,865) due from connected company with common control. The loan remains interest free and recoverable on demand.

Included in the other creditors less than one year is an amount of £172,087 (2023: £223,018) due to connected companies with common control. The loan remains interest free and repayable on demand.