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

COMPANY REGISTRATION NUMBER: 13938659

LONDON LAND POOLE LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2024

LONDON LAND POOLE LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024		2023
Note	£	£	£	£

CURRENT ASSETS

Work in progress		62,223,866	31,279,517
Debtors	4	24,008	67,816
Cash at bank and in hand		849,223	703,723
		-------------	-------------
		63,097,097	32,051,056

CREDITORS: amounts falling due within one year	5	3,072,934		1,442,955
		-------------		-------------
NET CURRENT ASSETS			60,024,163		30,608,101
			-------------		-------------
TOTAL ASSETS LESS CURRENT LIABILITIES			60,024,163		30,608,101

CREDITORS: amounts falling due after more than one year	6	47,533,782	15,989,864
		-------------	-------------
NET ASSETS		12,490,381	14,618,237
		-------------	-------------

CAPITAL AND RESERVES

Called up share capital fully paid	305	305
Share premium account	15,523,482	15,523,482
Profit and loss account	( 3,033,406)	( 905,550)
	-------------	-------------
SHAREHOLDERS FUNDS	12,490,381	14,618,237
	-------------	-------------

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 comprehensive income 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 POOLE 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: 13938659

LONDON LAND POOLE 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 & 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.

Work in progress

Work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Borrowing costs are expensed as incurred.

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.

4. DEBTORS

	2024	2023
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	140	4,200
Other debtors	23,868	63,616
	--------	--------
	24,008	67,816
	--------	--------

5. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	291,251	163,546
Amounts owed to group undertakings and undertakings in which the company has a participating interest	517,925	194,375
Loans	309,766	–
Other creditors	1,953,992	1,085,034
	------------	------------
	3,072,934	1,442,955
	------------	------------

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

	2024	2023
	£	£
Loans	47,533,782	15,989,864
	-------------	-------------

Loans totalling £47,533,782 (2023 - £15,680,098) are secured via fixed and floating charges over the development land and property owned by the company.

7. RELATED PARTY TRANSACTIONS

The company has received loans from related companies. As at 31 December 2024 the amount owing was £309,766 (2023 - £309,766). During the year the company was charged £29,905,274 (2023 - £18,125,000) by an associated company in relation to construction services.