0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 16,321 12,785 530 13,315 3,006 3,536 79 79 79 xbrli:pure xbrli:shares iso4217:GBP 04229703 2023-07-01 2024-06-30 04229703 2024-06-30 04229703 2023-06-30 04229703 2022-07-01 2023-06-30 04229703 2023-06-30 04229703 2022-06-30 04229703 core:FurnitureFittings 2023-07-01 2024-06-30 04229703 bus:Director1 2023-07-01 2024-06-30 04229703 core:FurnitureFittings 2023-06-30 04229703 core:FurnitureFittings 2024-06-30 04229703 core:WithinOneYear 2024-06-30 04229703 core:WithinOneYear 2023-06-30 04229703 core:ShareCapital 2024-06-30 04229703 core:ShareCapital 2023-06-30 04229703 core:RetainedEarningsAccumulatedLosses 2024-06-30 04229703 core:RetainedEarningsAccumulatedLosses 2023-06-30 04229703 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-06-30 04229703 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 04229703 core:Non-currentFinancialInstruments 2024-06-30 04229703 core:FurnitureFittings 2023-06-30 04229703 bus:SmallEntities 2023-07-01 2024-06-30 04229703 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04229703 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04229703 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04229703 bus:FullAccounts 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 04229703
LONDON & PROVINCIAL PROPERTY MANAGEMENT LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 June 2024
LONDON & PROVINCIAL PROPERTY MANAGEMENT LIMITED
BALANCE SHEET
30 June 2024
2024
2023
Note
£
£
£
FIXED ASSETS
Tangible assets
4
3,006
3,536
Investments
5
79
-------
-------
3,085
3,536
CURRENT ASSETS
Cash at bank and in hand
20,302
9,255
CREDITORS: amounts falling due within one year
6
( 16,638)
( 16,378)
---------
---------
NET CURRENT ASSETS/(LIABILITIES)
3,664
( 7,123)
-------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
6,749
( 3,587)
-------
-------
NET ASSETS/(LIABILITIES)
6,749
( 3,587)
-------
-------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
6,649
( 3,687)
-------
-------
SHAREHOLDERS FUNDS/(DEFICIT)
6,749
( 3,587)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 June 2025 , and are signed on behalf of the board by:
Mr J Z Bak
Director
Company registration number: 04229703
LONDON & PROVINCIAL PROPERTY MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU, United Kingdom.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. TANGIBLE ASSETS
Fixtures and fittings
£
Fair value
At 1 July 2023 and 30 June 2024
16,321
---------
Depreciation
At 1 July 2023
12,785
Charge for the year
530
---------
At 30 June 2024
13,315
---------
Carrying amount
At 30 June 2024
3,006
---------
At 30 June 2023
3,536
---------
5. INVESTMENTS
Shares in group undertakings
£
Cost
At 1 July 2023
Additions
79
----
At 30 June 2024
79
----
Impairment
At 1 July 2023 and 30 June 2024
----
Carrying amount
At 30 June 2024
79
----
At 30 June 2023
----
6. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
11
Corporation tax
2,888
339
Other creditors
13,750
16,028
---------
---------
16,638
16,378
---------
---------