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REGISTERED NUMBER: 09312851 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 NOVEMBER 2024

FOR

STATUS LONDON LIMITED

STATUS LONDON LIMITED (REGISTERED NUMBER: 09312851)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


STATUS LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 NOVEMBER 2024







DIRECTORS: R Chabra
L Chabra





REGISTERED OFFICE: Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA





REGISTERED NUMBER: 09312851 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

STATUS LONDON LIMITED (REGISTERED NUMBER: 09312851)

STATEMENT OF FINANCIAL POSITION
29 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,143 92,375

CURRENT ASSETS
Debtors 5 155,436 173,769
Cash at bank 2,460 8,445
157,896 182,214
CREDITORS
Amounts falling due within one year 6 129,077 151,191
NET CURRENT ASSETS 28,819 31,023
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,962

123,398

CREDITORS
Amounts falling due after more than one
year

7

(74,159

)

(90,897

)

PROVISIONS FOR LIABILITIES (13,137 ) (23,094 )
NET ASSETS 10,666 9,407

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Retained earnings 10,566 9,307
SHAREHOLDERS' FUNDS 10,666 9,407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

STATUS LONDON LIMITED (REGISTERED NUMBER: 09312851)

STATEMENT OF FINANCIAL POSITION - continued
29 NOVEMBER 2024


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 7 May 2025 and were signed on its behalf by:





R Chabra - Director


STATUS LONDON LIMITED (REGISTERED NUMBER: 09312851)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 NOVEMBER 2024


1. STATUTORY INFORMATION

Status London 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 the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


STATUS LONDON LIMITED (REGISTERED NUMBER: 09312851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 30 November 2023
and 29 November 2024 122,426 7,194 129,620
DEPRECIATION
At 30 November 2023 30,607 6,638 37,245
Charge for year 22,954 278 23,232
At 29 November 2024 53,561 6,916 60,477
NET BOOK VALUE
At 29 November 2024 68,865 278 69,143
At 29 November 2023 91,819 556 92,375

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by participating interests - 529
Other debtors 155,208 173,153
VAT 228 87
155,436 173,769

STATUS LONDON LIMITED (REGISTERED NUMBER: 09312851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 NOVEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 10,739 10,739
Trade creditors 2,036 700
Tax 8,119 15,662
Social security and other taxes 362 817
Other creditors 473 830
Pension control - 164
Directors' current accounts 99,948 114,959
Accruals and deferred income 1,400 1,320
129,077 151,191

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,000 6,000
Bank loans - 2-5 years - 5,000
Hire purchase contracts 69,159 79,897
74,159 90,897

8. RELATED PARTY DISCLOSURES

Included in other debtors are amounts owing of £842 (2023 £529) from a company under the control of the directors. The loans are interest free and repayable on demand.