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Registered Number: 02025159
England and Wales

 

 

 


Abridged Accounts


for the year ended 31 March 2025

for

LONDON SALES & SERVICES LIMITED

Report to the directors on the preparation of the unaudited statutory accounts of London Sales & Services Limited for the year ended [date_period_end.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of London Sales & Services Limited for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/.


This report is made solely to the Board of Directors of London Sales & Services Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of London Sales & Services Limited and state those matters that we have agreed to state to the Board of Directors of London Sales & Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than London Sales & Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that London Sales & Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of London Sales & Services Limited. You consider that London Sales & Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of London Sales & Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.


Campbell Accountancy Limited
Chartered Certified Accountants
Old Chapel
The Green
Lower Boddington
NN11 6YE
23 July 2025
1
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 525,000    525,000 
Investments 4 341,007    365,801 
866,007    890,801 
Current assets      
Cash at bank and in hand 92,148    110,892 
Creditors: amount falling due within one year (26,872)   (76,440)
Net current assets 65,276    34,452 
 
Total assets less current liabilities 931,283    925,253 
Provisions for liabilities (16,466)   (16,466)
Net assets 914,817    908,787 
 

Capital and reserves
     
Called up share capital 3    3 
Share premium account 499,999    499,999 
Fair Value Reserves 49,400    49,400 
Profit and loss account 365,415    359,385 
Shareholders' funds 914,817    908,787 
 


For the year ended 31 March 2025 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 23 July 2025 and were signed on its behalf by:


-------------------------------
Jessica Shepherd-Smith
Director
2
General Information
London Sales & Services Limited is a private company, limited by shares, registered in England and Wales, registration number 02025159, registration address Moat Farm, Buckland, Aylesbury, Buckinghamshire, HP22 5HY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s 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
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 0 (2024 : 0).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 April 2024 525,000    525,000 
Additions  
Disposals  
At 31 March 2025 525,000    525,000 
Depreciation
At 01 April 2024  
Charge for year  
On disposals  
At 31 March 2025  
Net book values
Closing balance as at 31 March 2025 525,000    525,000 
Opening balance as at 01 April 2024 525,000    525,000 

Investment properties were revalued at their Fair Value at the balance sheet date by the directors, with any accumulated surplus net of deferred taxation being allocated to a Fair Value Reserve.

4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2024 365,801    365,801 
Additions 43,062    43,062 
Transfer to/from tangible fixed assets  
Disposals (67,856)   (67,856)
At 31 March 2025 341,007    341,007 

5.

Fair Value Reserves

2025
£
  2024
£
Fair Value Reserve 49,400    49,400 
49,400    49,400 

3