Little-House (London) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00749870 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Little-House (London) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C R Chambers

SECRETARY:

Ms C Z Adler

REGISTERED OFFICE:

27 Old Gloucester Street

London

United Kingdom

WC1N 3AX

REGISTERED NUMBER:

00749870 (England and Wales)

FIXED ASSETS

Investments

4

151,470

Investment property

5

1,349,000

1,500,470

CURRENT ASSETS

Debtors

6

142,546

Cash at bank

186,074

176,701

328,620

319,247

CREDITORS

Amounts falling due within one year

7

292,578

284,322

NET CURRENT ASSETS

36,042

34,925

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,536,512

1,535,395

PROVISIONS FOR LIABILITIES

329,082

NET ASSETS

1,207,430

1,206,313

CAPITAL AND RESERVES

Called up share capital

100

-

Revaluation reserve

8

987,246

Retained earnings

220,084

219,067

1,207,430

1,206,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 10 December 2025 and were signed by:

C R Chambers - Director

1.	STATUTORY INFORMATION

Little-House (London) 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 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.

Investment property

Investment property is shown at most recent available valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the revaluation reserve.

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.

Going concern

The directors have a reasonable expectation that the company will continue to have adequate resources to remain in operational existence for the foreseeable future and also for a period of more than one year from the date of approval of these accounts. In addition to this, continued support will be available from the shareholders for the foreseeable future. Therefore, the going concern assumption has been applied in preparing these financial statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Other

investment

£

COST OR VALUATION

At 1 April 2022

and 31 March 2023

151,470

NET BOOK VALUE

At 31 March 2023

151,470

At 31 March 2022

151,470

Cost or valuation at 31 March 2023 is represented by:

Other

investment

£

Cost

151,470

The company holds listed equity investments. In the absence of updated documentation or valuations for 2023, the director has used 2022 valuations by Frenkels Forensics as a proxy for fair value. Broker statements were unavailable at the reporting date. These values are subject to estimation uncertainty, and any future confirmed changes in ownership or fair value will be recognised in profit or loss.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2022

and 31 March 2023

1,349,000

NET BOOK VALUE

At 31 March 2023

1,349,000

At 31 March 2022

1,349,000

The company’s investment properties are stated at fair value. As no current independent valuations were available at the reporting date, the director used the latest valuations from 2022 by Frenkels Forensics. these are considered the best estimate of year-end fair value. Resulting adjustments have been recorded in the revaluation reserve. Actual realisable values may differ.

Fair value at 31 March 2023 is represented by:

£

Cost

1,349,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

Other debtors

142,546

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

Trade creditors

5,744

-

Taxation and social security

4,029

3,767

Other creditors

282,805

280,555

292,578

284,322

8.

RESERVES

Revaluatio

reserve

£

At 1 April 2022

and 31 March 2023

987,246

Any movements arising from the adoption of the 2022 valuation performed by Frenkel Forensics have been recognised in the revaluation reserve. Actual realisable values may differ from those estimated.

9.	SIGNIFICANT JUDGEMENTS AND ESTIMATES

Valuation of Investment Properties

The company's investment properties are carried at fair value. As up-to-date independent valuations were not available at the reporting date, the director has adopted the most recent valuations obtained in 2022 carried out by Frenkels Forensics. In the absence of current market data or updated professional valuations, the director considers the 2022 valuations to be the best available estimate of fair value at the year end. Any movements arising from the adoption of these values have been recognised in the revaluation reserve. Actual realisable values may differ from those estimated.

Valuation of Listed Investments (Shares)

The company holds listed equity investments. Due to the absence of updated documentation or valuation reports for the year ended 2023, the director has used the most recent available valuations from 2022 carried out by Frenkels Forensics. Supporting broker statements were not available at the reporting date. The 2022 valuations have therefore been used as a proxy for fair value, and any resulting adjustments have been recorded in the revaluation reserve. The director acknowledges that market prices may have changed since the date of the last valuation, and therefore the fair values disclosed are subject to estimation uncertainty. Once the number and ownership is confirmed any aggregate surplus or deficit arising from changes in fair value will be recognised in profit or loss.

Basis of Income and Expense Recognition

Due to incomplete supporting documentation, certain income and expenses could not be individually verified. These amounts have been recognised based on best estimates using available information and reasonable assumptions. Users should note that the absence of detailed evidence introduces a degree of estimation uncertainty.