Little London Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09358297 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LITTLE LONDON DEVELOPMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S A Ross

Mrs C J Ross

Mr B T Ross

REGISTERED OFFICE:

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

REGISTERED NUMBER:

09358297 (England and Wales)

ACCOUNTANTS:

Mackenzies, a Xeinadin company

1 Langley Court

Pyle Street

Newport

Isle of Wight

PO30 1LA

FIXED ASSETS

Tangible assets

4

2,449,816

2,452,720

CURRENT ASSETS

Debtors

5

33,517

966

Cash at bank and in hand

2,576

36,449

36,093

37,415

CREDITORS

Amounts falling due within one year

6

2,033,921

2,195,945

NET CURRENT LIABILITIES

(1,997,828

)

(2,158,530

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

451,988

294,190

PROVISIONS FOR LIABILITIES

7

1,656

2,208

NET ASSETS

450,332

291,982

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

450,232

291,882

SHAREHOLDERS' FUNDS

450,332

291,982

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:

Mr S A Ross - Director

Mrs C J Ross - Director

1.	STATUTORY INFORMATION

Little London Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

COST

At 1 January 2024

and 31 December 2024

2,441,102

48,960

2,490,062

DEPRECIATION

At 1 January 2024

-

37,342

Charge for year

-

2,904

At 31 December 2024

-

40,246

NET BOOK VALUE

At 31 December 2024

2,441,102

8,714

2,449,816

At 31 December 2023

2,441,102

11,618

2,452,720

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

33,517

-

VAT

-

966

33,517

966

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

231

-

Amounts owed to related companies

857,144

856,058

Tax

53,568

36,170

VAT

5,127

-

Directors' current accounts

1,040,958

1,255,678

Deferred income

74,618

45,984

Accrued expenses

2,275

2,055

2,033,921

2,195,945

The amounts owed to related companies at 31 December 2024 was £857,144 (2023: £856,058) owed to Ross Group (IW) Limited, a company also controlled by Mr S A Ross and Mrs C J Ross.

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax

1,656

2,208

Deferred tax

£

Balance at 1 January 2024

2,208

Provided during year

(552

)

Balance at 31 December 2024

1,656

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

100

Ordinary

1

100

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr S A Ross and Mrs C J Ross.