Registered number
08376942
LOCAL HOUSE BUYER LIMITED
Filleted Accounts
30 March 2024
LOCAL HOUSE BUYER LIMITED
Registered number: 08376942
Balance Sheet
as at 30 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 3,048,328 1,712,325
Cash at bank and in hand 277,448 255,053
3,325,776 1,967,378
Net current assets 3,325,776 1,967,378
Total assets less current liabilities 3,325,776 1,967,378
Creditors: amounts falling due after more than one year 4 (3,370,597) (1,992,459)
Net liabilities (44,821) (25,081)
Capital and reserves
Called up share capital 100 100
Profit and loss account (44,921) (25,181)
Shareholders' funds (44,821) (25,081)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Manjit Singh Deol
Director
Approved by the board on 20 March 2025
LOCAL HOUSE BUYER LIMITED
Notes to the Accounts
for the year ended 30 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Other debtors 3,048,328 1,712,325
4 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 3,370,597 1,992,459
5 Other information
LOCAL HOUSE BUYER LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
18-21 Summer Hill Terrace
Birmingham
England
B1 3RA
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