REGISTERED NUMBER: 10441267 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

LONDON HOUSING DIRECT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr K Kyprianou

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

10441267 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

19,042

13,271

Investment property

5

3,886,564

3,886,564

3,905,606

3,899,835

CURRENT ASSETS

Debtors

6

71,270

122,279

Cash at bank

32,940

65,428

104,210

187,707

CREDITORS

Amounts falling due within one year

7

1,156,512

1,282,291

NET CURRENT LIABILITIES

(1,052,302

)

(1,094,584

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,853,304

2,805,251

CREDITORS

Amounts falling due after more than one year

8

2,343,814

2,376,647

NET ASSETS

509,490

428,604

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

509,390

428,504

SHAREHOLDERS' FUNDS

509,490

428,604

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

Mr K Kyprianou - Director

1.	STATUTORY INFORMATION

London Housing Direct 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.

Turnover

Turnover represents amounts derived from the provision of services to landlords and customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts 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.

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

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

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 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

22,219

-

22,219

Additions

9,500

5,767

15,267

Disposals

(9,797

)

-

(9,797

)

At 31 March 2025

21,922

5,767

27,689

DEPRECIATION

At 1 April 2024

8,948

-

8,948

Charge for year

3,887

1,442

5,329

Eliminated on disposal

(5,630

)

-

(5,630

)

At 31 March 2025

7,205

1,442

8,647

NET BOOK VALUE

At 31 March 2025

14,717

4,325

19,042

At 31 March 2024

13,271

-

13,271

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

3,886,564

NET BOOK VALUE

At 31 March 2025

3,886,564

At 31 March 2024

3,886,564

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

62,968

116,859

Prepayments

8,302

5,420

71,270

122,279

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

181,773

181,773

Trade creditors

1,716

11,137

Tax

79,956

110,197

Social security and other taxes

2,689

2,317

Other creditors

25,276

31,486

Amounts due to related party

862,117

942,646

Pension

135

335

Accrued expenses

2,850

2,400

1,156,512

1,282,291

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

181,773

181,773

Bank loans - 2-5 years

548,840

547,080

Bank loans more 5 yr by instal

1,613,201

1,647,794

2,343,814

2,376,647

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,613,201

1,647,794

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100