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Registration number: 10850337

4 London Road Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

4 London Road Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

4 London Road Limited

Company Information

Chairman

D A Pope

Directors

M A Pope

Mrs C Hardy

Registered office

12 The Spinney
Forest Road
Denmead
Waterlooville
Hampshire
PO7 6AR

Accountants

MMO Limited
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

4 London Road Limited

(Registration number: 10850337)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

29,919

32,447

Current assets

 

Stocks

5

10,329

25,182

Debtors

6

72,671

17,084

Cash at bank and in hand

 

11,259

19,781

 

94,259

62,047

Creditors: Amounts falling due within one year

7

74,454

87,544

Net current assets

 

168,713

149,591

Net assets

 

198,632

182,038

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

198,631

182,037

Shareholders' funds

 

198,632

182,038

For the financial year ending 31 August 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

4 London Road Limited

(Registration number: 10850337)
Balance Sheet as at 31 August 2024

Approved and authorised by the Board on 30 March 2025 and signed on its behalf by:
 

.........................................
Mrs C Hardy
Director

.........................................
D A Pope
Chairman

 

4 London Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
12 The Spinney
Forest Road
Denmead
Waterlooville
Hampshire
PO7 6AR
United Kingdom

The principal place of business is:
4 London Road
Horndean
Waterlooville
Hants

These financial statements were authorised for issue by the Board on 30 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

4 London Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% written down value

Office equipment

25% written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

4 London Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2023 - 13).

 

4 London Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

149,952

149,952

Additions

7,759

7,759

Disposals

(816)

(816)

At 31 August 2024

156,895

156,895

Depreciation

At 1 September 2023

117,505

117,505

Charge for the year

9,979

9,979

Eliminated on disposal

(508)

(508)

At 31 August 2024

126,976

126,976

Carrying amount

At 31 August 2024

29,919

29,919

At 31 August 2023

32,447

32,447

5

Stocks

2024
£

2023
£

Other inventories

10,329

25,182

6

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

9

42,535

13,035

Prepayments

 

5,302

4,049

Other debtors

 

24,834

-

   

72,671

17,084

7

Creditors

Creditors: amounts falling due within one year

 

4 London Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

2024
£

2023
£

Due within one year

Trade creditors

26,636

42,892

Taxation and social security

33,910

35,643

Accruals and deferred income

18,414

23,003

Other creditors

(153,414)

(189,082)

(74,454)

(87,544)

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

9

Related party transactions

Summary of transactions with parent

Cummins and Pope Limited
 

Summary of transactions with associates

Inter company loan
 

Loans to related parties

2024

Parent
£

Associates
£

Total
£

At start of period

189,082

13,035

202,117

Advanced

-

29,500

29,500

Repaid

(35,668)

-

(35,668)

At end of period

153,414

42,535

195,949

 

4 London Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

2023

Parent
£

Associates
£

Total
£

At start of period

219,082

-

219,082

Advanced

-

13,035

13,035

Repaid

(30,000)

-

(30,000)

At end of period

189,082

13,035

202,117

10

Parent and ultimate parent undertaking

The company's immediate parent is Cummins and Pope Limited, incorporated in England.