REGISTERED NUMBER: 02373307 (England and Wales)

Abridged Unaudited Financial Statements for the Year Ended 31 March 2025

for

THE LONDON WALL BED COMPANY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Harland

Mrs V Harland

G J Harland

SECRETARY:

Mrs V Harland

REGISTERED OFFICE:

13 Roslin Square

Roslin Road

London

W3 8DH

REGISTERED NUMBER:

02373307 (England and Wales)

ACCOUNTANTS:

Garo & Co UK LLP

Chartered Certified Accountants

27 Daventry Street

London

NW1 6TD

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

783

999

Investments

6

594,340

579,524

595,124

580,524

CURRENT ASSETS

Stocks

39,297

36,230

Debtors

24,025

20,182

Cash at bank and in hand

180,269

216,964

243,591

273,376

CREDITORS

Amounts falling due within one year

192,222

209,986

NET CURRENT ASSETS

51,369

63,390

TOTAL ASSETS LESS CURRENT LIABILITIES

646,493

643,914

PROVISIONS FOR LIABILITIES

23,850

27,450

NET ASSETS

622,643

616,464

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

622,543

616,364

SHAREHOLDERS' FUNDS

622,643

616,464

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 November 2025 and were signed on its behalf by:

J A Harland - Director

1.	STATUTORY INFORMATION

The London Wall Bed Company 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.

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 as modified by the revaluation of certain assets.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1992, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

The directors have assessed that there are no significant doubts in the company's ability to continue as a going concern.

As a result, the financial statements have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

23,995

Disposals

(1,700

)

At 31 March 2025

22,295

DEPRECIATION

At 1 April 2024

22,996

Charge for year

216

Eliminated on disposal

(1,700

)

At 31 March 2025

21,512

NET BOOK VALUE

At 31 March 2025

783

At 31 March 2024

999

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 April 2024

579,524

Additions

8,529

Revaluations

6,287

At 31 March 2025

594,340

NET BOOK VALUE

At 31 March 2025

594,340

At 31 March 2024

579,524

Fixed asset investments are listed investments on the London Stock Exchange measured at fair value through profit and loss account, the quoted market price amounted to £594,340 (2024: £579,524).

The historic cost of the fixed asset investments was £470,107 (2024: £461,578).

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

9,912

-

8.	RETAINED EARNINGS

The retained earnings at the year end of £622,543 (2024: £616,364) include non-distributable fixed asset investments revaluation reserve of £100,533 (2024: £90,746). The non distributable reserve is stated net of deferred taxation on revaluation of £23,700 (2024: £27,200).