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REGISTERED NUMBER: 02774709 (England and Wales)














Unaudited Financial Statements

for the period

1 January 2024 to 30 November 2024

for

THE LONDON DISPLAY COMPANY LIMITED

THE LONDON DISPLAY COMPANY LIMITED (REGISTERED NUMBER: 02774709)

Contents of the Financial Statements
for the period 1 January 2024 to 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE LONDON DISPLAY COMPANY LIMITED

Company Information
for the period 1 January 2024 to 30 November 2024







Directors: Mr P D Green
Mr A R Walsh





Registered office: 3rd Floor
86 - 90 Paul Street
London
EC2A 4NE





Registered number: 02774709 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

THE LONDON DISPLAY COMPANY LIMITED (REGISTERED NUMBER: 02774709)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 6,228 7,725

Current assets
Debtors 5 217,281 206,911
Cash at bank and in hand 372,849 388,625
590,130 595,536
Creditors
Amounts falling due within one year 6 414,386 405,277
Net current assets 175,744 190,259
Total assets less current liabilities 181,972 197,984

Provisions for liabilities 8 1,557 1,931
Net assets 180,415 196,053

Capital and reserves
Called up share capital 9 100 100
Retained earnings 180,315 195,953
Shareholders' funds 180,415 196,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:



Mr P D Green - Director



Mr A R Walsh - Director


THE LONDON DISPLAY COMPANY LIMITED (REGISTERED NUMBER: 02774709)

Notes to the Financial Statements
for the period 1 January 2024 to 30 November 2024


1. Statutory information

The London Display Company Limited 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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 period was 7 (2023 - 7 ) .

THE LONDON DISPLAY COMPANY LIMITED (REGISTERED NUMBER: 02774709)

Notes to the Financial Statements - continued
for the period 1 January 2024 to 30 November 2024


4. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 January 2024 401 3,450 5,978 9,829
Additions - - 279 279
At 30 November 2024 401 3,450 6,257 10,108
Depreciation
At 1 January 2024 151 144 1,809 2,104
Charge for period 57 757 962 1,776
At 30 November 2024 208 901 2,771 3,880
Net book value
At 30 November 2024 193 2,549 3,486 6,228
At 31 December 2023 250 3,306 4,169 7,725

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 59,307 94,887
Other debtors 157,974 112,024
217,281 206,911

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 70,279 25,408
Taxation and social security 46,338 55,768
Other creditors 297,769 324,101
414,386 405,277

7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 34,860 29,880

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 1,557 1,931

THE LONDON DISPLAY COMPANY LIMITED (REGISTERED NUMBER: 02774709)

Notes to the Financial Statements - continued
for the period 1 January 2024 to 30 November 2024


8. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 January 2024 1,931
Credit to Statement of Income and Retained Earnings during period (374 )
Balance at 30 November 2024 1,557

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
90 A shares £1 90 90
10 B shares £1 10 10
100 100

10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the period ended 30 November 2024 and the year ended 31 December 2023:

2024 2023
£    £   
Mr P D Green
Balance outstanding at start of period 77,166 11,992
Amounts advanced 55,375 85,893
Amounts repaid (86,898 ) (20,719 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 45,643 77,166

Mr A R Walsh
Balance outstanding at start of period 974 (15,979 )
Amounts advanced 74,340 43,303
Amounts repaid (55,478 ) (26,350 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 19,836 974

11. 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 companies within the group.

12. Ultimate controlling party

The immediate and ultimate parent company is The London Display Holdings Ltd, a company registered in England & Wales.