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Registered Number: 12065664
England and Wales

 

 

 

LONDON PROPERTY BROKER LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 August 2023

End date: 31 July 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 1,844    3,689 
Tangible fixed assets 4 187,323    158,179 
189,167    161,868 
Current assets      
Debtors 5 344,733    571,200 
Cash at bank and in hand 2,723,848    1,908,765 
3,068,581    2,479,965 
Creditors: amount falling due within one year 6 (2,089,011)   (1,769,918)
Net current assets 979,570    710,047 
 
Total assets less current liabilities 1,168,737    871,915 
Net assets 1,168,737    871,915 
 

Capital and reserves
     
Called up share capital 10,000    10,000 
Profit and loss account 1,158,737    861,915 
Shareholders' funds 1,168,737    871,915 
 


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

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 25 April 2025 and were signed on its behalf by:


-------------------------------
Shawkat Mahmood
Director
1
General Information
LONDON PROPERTY BROKER LTD is a private company, limited by shares, registered in England and Wales, registration number 12065664, registration address 8 Devonshire Square, London, EC2M 4PL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. The turnover is grossed up with landlord payments (includes under cost of sales).
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognized in the statement of income, except to the extent that it relates to items recognized in other comprehensive income or directly in capital and reserves. The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 20% Reducing Balance
2.

Average number of employees


Average number of employees during the year was 13 (2023 : 10).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 August 2023 9,224    9,224 
Additions  
Disposals  
At 31 July 2024 9,224    9,224 
Amortisation
At 01 August 2023 5,535    5,535 
Charge for year 1,845    1,845 
On disposals  
At 31 July 2024 7,380    7,380 
Net book values
At 31 July 2024 1,844    1,844 
At 31 July 2023 3,689    3,689 


4.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 01 August 2023 200,062    200,062 
Additions 119,917    119,917 
Disposals (85,825)   (85,825)
At 31 July 2024 234,154    234,154 
Depreciation
At 01 August 2023 41,883    41,883 
Charge for year 46,831    46,831 
On disposals (41,883)   (41,883)
At 31 July 2024 46,831    46,831 
Net book values
Closing balance as at 31 July 2024 187,323    187,323 
Opening balance as at 01 August 2023 158,179    158,179 


5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 142,938    171,200 
Loans & advances 140,000    400,000 
Accounts Receivable 61,795   
344,733    571,200 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 626,589    626,589 
Corporation Tax 166,362    339,285 
PAYE & Social Security 9,281    8,480 
Other Creditors 1,183,889    758,474 
Accounts Payable 48,331   
Penssion Payable 1,432   
VAT 53,127    37,090 
2,089,011    1,769,918 

2