London Place Group Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09595788

London Place Group Limited

Filleted Unaudited Financial Statements

31 October 2024

London Place Group Limited

Financial Statements

Year ended 31 October 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

London Place Group Limited

Statement of Financial Position

31 October 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	3,212	4,041
Investments	6	901	901
		-------	-------
		4,113	4,942

Current assets

Debtors	7	2,391,637	2,199,284
Investments	8	500,000	500,000
Cash at bank and in hand		15,485	13,078
		------------	------------
		2,907,122	2,712,362

Creditors: amounts falling due within one year	9	( 2,905,013)	( 2,648,452)
		------------	------------
Net current assets		2,109	63,910
		-------	--------
Total assets less current liabilities		6,222	68,852
		-------	--------
Net assets		6,222	68,852
		-------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	6,122	68,752
	-------	--------
Shareholders funds	6,222	68,852
	-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

London Place Group Limited

Statement of Financial Position (continued)

31 October 2024

These financial statements were approved by the board of directors and authorised for issue on 20 October 2025 , and are signed on behalf of the board by:

Mr S J C Hill
Director

Company registration number: 09595788

London Place Group Limited

Notes to the Financial Statements

Year ended 31 October 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bedford House Fulham Green, 69-79 Fulham High Street, London, SW6 3JW, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors have a reasonable expectation that the company has adquate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Consolidation

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).

5. Tangible assets

	Equipment
	£
Cost
At 1 November 2023 and 31 October 2024	6,166
	-------
Depreciation
At 1 November 2023	2,125
Charge for the year	829
	-------
At 31 October 2024	2,954
	-------
Carrying amount
At 31 October 2024	3,212
	-------
At 31 October 2023	4,041
	-------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 November 2023 and 31 October 2024	901
	----
Impairment
At 1 November 2023 and 31 October 2024	–
	----

Carrying amount
At 31 October 2024	901
	----
At 31 October 2023	901
	----

7. Debtors

	2024	2023
	£	£
Trade debtors	4,000	4,000
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,551,588	1,478,172
Other debtors	836,049	717,112
	------------	------------
	2,391,637	2,199,284
	------------	------------

8. Investments

	2024	2023
	£	£
Investments in group undertakings	500,000	500,000
	---------	---------

9. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	13	13
Trade creditors	17,428	17,165
Amounts owed to group undertakings and undertakings in which the company has a participating interest	2,286,503	2,254,026
Social security and other taxes	1,442	1,442
Other creditors	599,627	375,806
	------------	------------
	2,905,013	2,648,452
	------------	------------

10. Director's advances, credits and guarantees

At the year end the company was owed £201,235 (2023: £73,558) by a director. During the year the company made aggregate advances to a director of £125,616, a director made aggregate repayments of £764 and interest of £2,825 was charged on the outstanding balance.

11. Related party transactions

At the year end the company was owed £591,660 (2023: £591,660) by companies associated by common control. At the year end the company owed £577,775 (2023: £354,994) to companies associated by common control.