14 MAY 2025
PROPERTY LONDON LIMITED
Registered in England & Wales No. 8930509
FILLETED FINANCIAL ACCOUNTS
FOR THE PERIOD
1 APRIL 2024 TO 31 MARCH 2025
ACCOUNTING POLICIES
Accounting convention
The financial statements within the annual report have been prepared on the going concern basis and are in compliance with section 1A of the financial reporting standard 102 applicable in the United Kingdom.
Deferred taxation
Provision is made for at the appropriate or current tax rate in respect of any possible liability due to timing differences between recognition of events for taxation and accounting purposes. Recognition of any possible asset due to timing differences as above is only recognised to the extent that recovery is reasonably certain.
FINANCIAL POSITION
As at 31 March 2025 2024
Notes £ £
Current assets
Trade and other receivables 2 254 254
Cash and cash equivalents 3 21 20
275 274
Current liabilities
Due not later than one year
Trade and other payables 4 (27,627) (27,033)
(27,352) (26,759)
Equity
Share capital 5 3 3
Accumulated deficits (27,355) (26,762)
(27,352) (26,759)
The company is registered in England & Wales under no. 8930509 and is subject to the Companies Act 2006 in its various sections.
The directors acknowledge their responsibilities under section 386 of the Act for the maintenance of adequate accounting records and under section 394 of the Act for the preparation of financial statements.
For the period to 31 March 2025, the date of this financial position statement, the company qualified as small under section 382 of the Act. Members have not required the company to obtain an audit of its financial statements under section 476 of the Act.
The company is entitled, as a small company, to exemption under section 477 of the Companies Act 2006 from the statutory requirement for audited financial statements.
In conformity with section 444 of the Act, the form of these accounts delivered to the registrar of companies; in accordance with the provisions applicable to companies subject to the small companies regime, may be prepared by the removal of any reports, statements of movements in equity, income and expenses, and cash flows; but this filleted form delivers, as a minimum, the statements of accounting policies, financial position and notes thereto.
Approved and authorised for issue by the board on 14 May 2025 and signed on its behalf.
C D Morris
Director
NOTES TO THE FILLETED ACCOUNTS
2025 2024
£ £
1 Accounting Policies
The accounting policies are set out in full in a preceding statement.
2 Trade and other receivables
Other current accounts 254 254
3 Cash and cash equivalents
Bank current account 21 20
4 Current trade and other payables
Due to employees other than directors (4,703) (3,933)
Trade payables (8) (178)
Due to directors (22,670) (22,670)
Accruals (246) (252)
(27,627) (27,033)
5 Share capital
The company is a private company limited by share capital
2025 2024
Number Number
Equity ordinary shares of £1 each
Ordinary
Allotted, called up and fully paid 3 3 3 3
6 Ultimate control
The company is controlled by the director.
7 Commitments
Capital expenditure
There are no capital commitments.
8 Related party transactions
Key management personnel
Directors and their relationships
Balances at period end
Amounts due from
M D Morris 254 254
Amounts due to
M Haime 4,703 3,933
Transactions during the period
Remuneration 0 34
9 Activity
The principal activity continues to be that of trading own property.
10 Employees (including directors)
2025 2024
Average during the period Number Number
2 2
ADMINISTRATION AND ADVISERS
Bankers Lloyds Bank PLC
Accountants and registrar Cramptons
25A St Matthews Road
Torquay
TQ2 6JA
Office 1 The Courtyard
Linton Road
Hastings
TN34 1TR
Great Britain
Property London Ltd 08930509 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts (tagged by user) April 2024 C D Morris Director No description of principal activity 08930509 2023-04-01 2024-03-31 08930509 2024-04-01 2025-03-31 08930509 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08930509 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 08930509 bus:Director40 2024-04-01 2025-03-31 08930509 bus:Director39 2024-04-01 2025-03-31 08930509 bus:FRS102 2024-04-01 2025-03-31 08930509 bus:FilletedAccounts 2024-04-01 2025-03-31 08930509 2025-03-31 08930509 2024-03-31 iso4217:GBP xbrli:pure