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Company No: 09251791 (England and Wales)

LONDON PROPERTY DESIGN LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

LONDON PROPERTY DESIGN LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

LONDON PROPERTY DESIGN LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 October 2024
LONDON PROPERTY DESIGN LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 432 1,402
Investment property 4 825,000 825,000
825,432 826,402
Current assets
Cash at bank and in hand 5 49,165 36,862
49,165 36,862
Creditors: amounts falling due within one year 6 ( 12,065) ( 10,304)
Net current assets 37,100 26,558
Total assets less current liabilities 862,532 852,960
Creditors: amounts falling due after more than one year 7 ( 631,581) ( 648,319)
Net assets 230,951 204,641
Capital and reserves
Called-up share capital 8 100 100
Fair value reserve 51,191 51,191
Profit and loss account 179,660 153,350
Total shareholder's funds 230,951 204,641

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of London Property Design Limited (registered number: 09251791) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

G F Levine
Director

10 July 2025

LONDON PROPERTY DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
LONDON PROPERTY DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

London Property Design Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is Suite A, 82 James Carter Road, Mildenhall, Bury St. Edmunds, Suffolk IP28 7DE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 20 % reducing balance
3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 2 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 November 2023 6,533 6,533
At 31 October 2024 6,533 6,533
Accumulated depreciation
At 01 November 2023 5,131 5,131
Charge for the financial year 970 970
At 31 October 2024 6,101 6,101
Net book value
At 31 October 2024 432 432
At 31 October 2023 1,402 1,402

4. Investment property

Investment property
£
Valuation
As at 01 November 2023 825,000
As at 31 October 2024 825,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 773,810 773,810

The valuation of the property was done by the directors at the year end.

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 49,165 36,862

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 6,516 6,416
Other creditors 5,549 3,888
12,065 10,304

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 631,581 648,319

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amount owed to the director at the year end 631,581 648,319

The loan is unsecured and interest free with no fixed repayment terms.