London Walthamstow Ltd - Filleted accounts

Registered number

12746800

London Walthamstow Ltd

Filleted Accounts

31 December 2024

London Walthamstow Ltd
Registered number:		12746800
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		37,700,000			32,386,426

Current assets
Debtors	4	20,403,523			21,518,561
Cash at bank and in hand		514,948			831,259
		20,918,471			22,349,820

Creditors: amounts falling due within one year	5	(669,396)			(1,627,454)

Net current assets			20,249,075			20,722,366

Total assets less current liabilities			57,949,075			53,108,792

Creditors: amounts falling due after more than one year	6		(18,265,000)			(18,265,000)



Net assets			39,684,075			34,843,792

Capital and reserves
Called up share capital			329			329
Special reserve			28,043,432			28,043,432
Revaluation reserve	7		6,600,636			3,200,000
Profit and loss account			5,039,678			3,600,031

Shareholders' funds			39,684,075			34,843,792

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Gauhar Nawab
Director
Approved by the board on 26 September 2025

London Walthamstow Ltd
Notes to the Accounts
for the year ended 31 December 2024





1	Accounting policies

	Basis of preparation
	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).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			8		8


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 January 2024	31,300,000		1,086,426		32,386,426
	Additions	-		1,912,938		1,912,938
	Surplus on revaluation	3,400,636		-		3,400,636
	At 31 December 2024	34,700,636		2,999,364		37,700,000

	Depreciation
	At 31 December 2024	-		-		-

	Net book value
	At 31 December 2024	34,700,636		2,999,364		37,700,000
	At 31 December 2023	31,300,000		1,086,426		32,386,426


4	Debtors			2024		2023
£					£

	Trade debtors			420,000		69,597
	Amounts owed by group undertakings			19,983,523		21,448,964
				20,403,523		21,518,561


5	Creditors: amounts falling due within one year			2024		2023
£					£

	Trade creditors			208,378		33,659
	Amounts owed to group undertakings			-		1,161,310
	Taxation and social security costs			461,018		432,485
				669,396		1,627,454


6	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			18,265,000		18,265,000


7	Revaluation reserve			2024		2023
£					£

	At 1 January 2024			3,200,000		-
	Gain on revaluation of land and buildings			3,400,636		3,200,000

	At 31 December 2024			6,600,636		3,200,000



8	Other information

	London Walthamstow Ltd is a private company limited by shares and incorporated in England. Its registered office is:

	Lynton House
	54 Clapham Common South Side
	London
	SW4 9BX