2024-02-012025-01-312025-01-31false12409861LONDON CHALLENGE 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LONDON CHALLENGE LTD

Registered Number
12409861
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2025

LONDON CHALLENGE LTD
Company Information
for the year from 1 February 2024 to 31 January 2025

Director

DAI, Jun

Registered Address

Flat 4107 Bagshaw Building
1 Wards Place
London
E14 9ED

Registered Number

12409861 (England and Wales)
LONDON CHALLENGE LTD
Balance Sheet as at
31 January 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Investment property31,273,0011,273,001
1,273,0011,273,001
Current assets
Debtors3,5923,930
Cash at bank and on hand3,87027,242
7,46231,172
Creditors amounts falling due within one year4(465,685)(488,565)
Net current assets (liabilities)(458,223)(457,393)
Total assets less current liabilities814,778815,608
Creditors amounts falling due after one year5(846,737)(846,737)
Net assets(31,959)(31,129)
Capital and reserves
Called up share capital100100
Profit and loss account(32,059)(31,229)
Shareholders' funds(31,959)(31,129)
The financial statements were approved and authorised for issue by the Director on 19 February 2025, and are signed on its behalf by:
DAI, Jun
Director
Registered Company No. 12409861
LONDON CHALLENGE LTD
Notes to the Financial Statements
for the year ended 31 January 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20252024
Average number of employees during the year11
3.Investment property

£
Fair value at 01 February 241,273,001
At 31 January 251,273,001
4.Creditors: amounts due within one year

2025

2024

££
Other creditors461,229487,569
Accrued liabilities and deferred income4,456996
Total465,685488,565
Other Creditors is made of Director's loan.
5.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts846,737846,737
Total846,737846,737
6.Share capital
100 Ordinary shares of £1 each .