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Company Registration No. 02919906 (England and Wales)
London's Home Limited Unaudited accounts for the year ended 30 September 2024
London's Home Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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London's Home Limited Company Information for the year ended 30 September 2024
Directors
Dursaliye Sahan Osman Sahan
Company Number
02919906 (England and Wales)
Registered Office
48 The Ridgeway London E4 6PU England
Accountants
ABR Chartered Accountants 37th Floor Canada Square London E14 5AA
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London's Home Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
24,149 
27,033 
Investment property
5
11,450,000 
11,450,000 
11,474,149 
11,477,033 
Current assets
Debtors
6
531,436 
213,666 
Cash at bank and in hand
92,482 
106,602 
623,918 
320,268 
Creditors: amounts falling due within one year
7
(181,780)
86,912 
Net current assets
442,138 
407,180 
Total assets less current liabilities
11,916,287 
11,884,213 
Creditors: amounts falling due after more than one year
8
(3,329,640)
(3,411,654)
Provisions for liabilities
Deferred tax
(1,926,003)
(1,926,003)
Net assets
6,660,644 
6,546,556 
Capital and reserves
Called up share capital
1,400 
1,400 
Revaluation reserve
8,182,358 
8,182,358 
Profit and loss account
(1,523,114)
(1,637,202)
Shareholders' funds
6,660,644 
6,546,556 
For the year ending 30 September 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 24 December 2024 and were signed on its behalf by
Osman Sahan Director Company Registration No. 02919906
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London's Home Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
London's Home Limited is a private company, limited by shares, registered in England and Wales, registration number 02919906. The registered office is 48 The Ridgeway, London, E4 6PU, England.
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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Reducing balance
Computer equipment
33.33% Straight line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
168,036 
5,429 
173,465 
Additions
1,422 
2,229 
3,651 
At 30 September 2024
169,458 
7,658 
177,116 
Depreciation
At 1 October 2023
142,912 
3,520 
146,432 
Charge for the year
3,982 
2,553 
6,535 
At 30 September 2024
146,894 
6,073 
152,967 
Net book value
At 30 September 2024
22,564 
1,585 
24,149 
At 30 September 2023
25,124 
1,909 
27,033 
5
Investment property
2024 
£ 
Fair value at 1 October 2023
11,450,000 
At 30 September 2024
11,450,000 
- 5 -
London's Home Limited Notes to the Accounts for the year ended 30 September 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
84,610 
90,610 
Accrued income and prepayments
24,235 
26,465 
Other debtors
422,591 
96,591 
531,436 
213,666 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
39,657 
36,735 
Other creditors
130,000 
130,000 
Loans from directors
248 
(265,522)
Deferred income
11,875 
11,875 
181,780 
(86,912)
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,329,640 
3,411,654 
9
Transactions with related parties
The total loans advanced to Mr. Osman Sahan, the director of the company amounts to £3,26,000. This loan is repayable on demand and subject to interest at 3% per annum. The loan remains outstanding as of the balance sheet date.
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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