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

COMPANY REGISTRATION NUMBER: 13776166

LONDON LAND GROUP HOLDING LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

LONDON LAND GROUP HOLDING LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5	7,011	16,646
Investments	6	212	212
		-------	--------
		7,223	16,858

CURRENT ASSETS

Debtors	7	660,669	160,848
Cash at bank and in hand		182,536	204,947
		---------	---------
		843,205	365,795

CREDITORS: amounts falling due within one year	8	99,832		63,058
		---------		---------
NET CURRENT ASSETS			743,373		302,737
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			750,596		319,595

CREDITORS: amounts falling due after more than one year	9	3,909,530	2,505,567
		------------	------------
NET LIABILITIES		( 3,158,934)	( 2,185,972)
		------------	------------

CAPITAL AND RESERVES

Called up share capital fully paid	133	133
Profit and loss account	( 3,159,067)	( 2,186,105)
	------------	------------
SHAREHOLDERS DEFICIT	( 3,158,934)	( 2,185,972)
	------------	------------

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 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

LONDON LAND GROUP HOLDING LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr M L Balducci

Director

Company registration number: 13776166

LONDON LAND GROUP HOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 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 38 Seymour Street, London, W1H 7BP.

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

Going concern

The company currently meets its working capital requirements through loan facilities from related companies. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:

Computer equipment	-	33% straight line
Fixtures and fittings	-	33% straight line

Investments

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

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 6 (2023: 8 ).

5. TANGIBLE ASSETS

	Computer equipment	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2024	20,766	17,095	37,861
Additions	3,115	–	3,115
	--------	--------	--------
At 31 December 2024	23,881	17,095	40,976
	--------	--------	--------
Depreciation
At 1 January 2024	11,280	9,935	21,215
Charge for the year	7,051	5,699	12,750
	--------	--------	--------
At 31 December 2024	18,331	15,634	33,965
	--------	--------	--------
Carrying amount
At 31 December 2024	5,550	1,461	7,011
	--------	--------	--------
At 31 December 2023	9,486	7,160	16,646
	--------	--------	--------

6. INVESTMENTS

	Shares in participating interests
	£
Cost
At 1 January 2024 and 31 December 2024	212
	----
Impairment
At 1 January 2024 and 31 December 2024	–
	----

Carrying amount
At 31 December 2024	212
	----
At 31 December 2023	212
	----

7. DEBTORS

	2024	2023
	£	£
Trade debtors	549,334	–
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,998	920
Other debtors	109,337	159,928
	---------	---------
	660,669	160,848
	---------	---------

8. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	45,071	22,559
Amounts owed to group undertakings and undertakings in which the company has a participating interest	13,435	13,395
Social security and other taxes	25,326	18,556
Other creditors	16,000	8,548
	--------	--------
	99,832	63,058
	--------	--------

9. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Loans	3,909,530	2,505,567
	------------	------------

10. CONTINGENCIES

The company has provided security in respect of borrowings undertaken by companies in which it has an investment. The security given relates to the shares held in these companies.

11. RELATED PARTY TRANSACTIONS

The company has received loans from related companies. As at 31 December 2024 the amount owing was £3,909,530 (2023 - £2,505,567). Interest in relation to these loans totalled £211,415 (2023 - £47,694). The company has paid consultancy fees to a company in which a director has an interest. These consultancy fees totalled £250,000 (2023 - £245,833). The company has also recharged costs totalling £549,334 (2023 - £181,860) to associated companies. At 31 December 2024 £549,334 (2023 - £nil) was owing to the company in relation to these recharged costs.

12. GOING CONCERN

The directors have considered the period to 31 December 2026 when assessing the company's ability to continue as a going concern. It is believed that the company will be able to satisfy its liabilities as these become payable.