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Company Registration No. 09133739 (England and Wales)
360 LONDON LIMITED Unaudited accounts for the year ended 31 July 2024
360 LONDON LIMITED Unaudited accounts Contents
Page
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360 LONDON LIMITED Company Information for the year ended 31 July 2024
Directors
I Karim H Karim YNK Yakub
Secretary
I Karim
Company Number
09133739 (England and Wales)
Registered Office
44 44 STATION ROAD REDHILL SURREY RH1 1PH UNITED KINGDOM
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360 LONDON LIMITED Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
15,000 
11,500 
Debtors
2,704 
2,956 
Cash at bank and in hand
2,510 
97 
20,214 
14,553 
Creditors: amounts falling due within one year
(21,464)
(14,210)
Net current (liabilities)/assets
(1,250)
343 
Net (liabilities)/assets
(1,250)
343 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
(1,253)
340 
Shareholders' funds
(1,250)
343 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by
I Karim Director Company Registration No. 09133739
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360 LONDON LIMITED Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
360 LONDON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09133739. The registered office is 44 44 STATION ROAD, REDHILL, SURREY, RH1 1PH, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted.
Going concern
At the balance sheet date, the company's liabilities exceeded its assets by £6,206 (2018 - £14,821). The company continues to obtain profitable sales and the directors are confident of a return to solvency in the foreseeable future. In the circumstances, these financial statements have been prepared on a going concern basis.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
2,704 
2,956 
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360 LONDON LIMITED Notes to the Accounts for the year ended 31 July 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
168 
Other creditors
13,415 
4,930 
Loans from directors
7,549 
8,612 
Accruals
500 
500 
21,464 
14,210 
6
Transactions with related parties
Messrs. H. Karim, I Karim and Y.N.K. Yakub are directors of the company and together own 100% of the issued share capital. At the balance sheet date, the company owed £3,472 (2023 - £2,729) to Mr. Y.N.K. Yakub and £4,526 (2023- £6,226) to Mr. H. Karim. Messrs. H. Karim, I. Karim and Y.N.K Yakub were the directors of 4 Seasons Store Limited (in liquidation) and together own 100% of the issued share capital. Messrs. H. Karim, I. Karim and Y.N.K. Yakub are the directors of NHI Trading Limited and together own 100% of the issued share capital. At the balance sheet date, £3,810 (2023 - £3,250) was owed to NHI Trading Limited by the company
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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