REGISTERED NUMBER: 06855921 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

LONDON IP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D T Warrilow

P N Harman

REGISTERED OFFICE:

100 High Street

Milford On Sea

Hampshire

SO41 0QE

REGISTERED NUMBER:

06855921 (England and Wales)

FIXED ASSETS

Tangible assets

4

57,741

58,325

CURRENT ASSETS

Debtors

5

135,462

152,294

Cash at bank and in hand

149,190

106,936

284,652

259,230

CREDITORS

Amounts falling due within one year

6

329,392

306,554

NET CURRENT LIABILITIES

(44,740

)

(47,324

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,001

11,001

PROVISIONS FOR LIABILITIES

225

372

NET ASSETS

12,776

10,629

CAPITAL AND RESERVES

Called up share capital

126

126

Retained earnings

12,650

10,503

12,776

10,629

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th November 2025 and were signed on its behalf by:

D T Warrilow - Director

P N Harman - Director

1.	STATUTORY INFORMATION

London IP Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Plant and machinery etc

-

20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st April 2024

56,840

8,913

65,753

Additions

-

779

779

At 31st March 2025

56,840

9,692

66,532

DEPRECIATION

At 1st April 2024

-

7,428

7,428

Charge for year

-

1,363

1,363

At 31st March 2025

-

8,791

8,791

NET BOOK VALUE

At 31st March 2025

56,840

901

57,741

At 31st March 2024

56,840

1,485

58,325

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

116,077

134,343

Other debtors

19,385

17,951

135,462

152,294

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

21,746

17,218

Taxation and social security

126,372

99,683

Other creditors

181,274

189,653

329,392

306,554

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2025 and 31st March 2024:

31.3.25

31.3.24

£

£

D T Warrilow

Balance outstanding at start of year

14,324

(8,757

)

Amounts advanced

228,870

240,727

Amounts repaid

(233,697

)

(217,646

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,497

14,324

The terms agreed are that the advances are repayable on demand and interest is to be charged on all advances at the official rate where the balance exceeds £10,000 at any time during the year.

Interest of £1,537 (2024 : £2,349) has been charged during the year.