Company Registration No. 10448896 (England and Wales)
London Flats Direct Ltd
Annual report and unaudited accounts
for the year ended 31 March 2025
London Flats Direct Ltd
Annual report and unaudited accounts
Contents
London Flats Direct Ltd
Company Information
for the year ended 31 March 2025
Directors
Shakil Ismail
Sajid Ismail
Shehzan Ismail
Company Number
10448896 (England and Wales)
Registered Office
4 Blandfield Road
London
SW12 8BG
England
Accountants
Blythe & Co
41 Oldfields Road
Sutton
Surrey
SM1 2NB
London Flats Direct Ltd
Statement of financial position
as at 31 March 2025
Investment property
159,488,459
159,320,304
Cash at bank and in hand
145,876
300,706
Creditors: amounts falling due within one year
(1,146,786)
(1,002,953)
Net current liabilities
(559,292)
(702,247)
Total assets less current liabilities
158,929,167
158,624,492
Creditors: amounts falling due after more than one year
(66,386,398)
(66,491,797)
Net assets
92,542,769
92,132,695
Called up share capital
700
700
Revaluation reserve
86,076,905
86,076,905
Profit and loss account
6,465,164
6,055,090
Shareholders' funds
92,542,769
92,132,695
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2025 and were signed on its behalf by
Shakil Ismail
Director
Company Registration No. 10448896
London Flats Direct Ltd
Notes to the Accounts
for the year ended 31 March 2025
London Flats Direct Ltd is a private company, limited by shares, registered in England and Wales, registration number 10448896. The registered office is 4 Blandfield Road, London, SW12 8BG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Other tangible fixed assets
25%
London Flats Direct Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
79,485
1,399
14,292
95,176
At 31 March 2025
79,485
1,399
14,292
95,176
At 1 April 2024
73,050
1,399
14,292
88,741
Charge for the year
6,435
-
-
6,435
At 31 March 2025
79,485
1,399
14,292
95,176
At 31 March 2024
6,435
-
-
6,435
Fair value at 1 April 2024
159,320,304
At 31 March 2025
159,488,459
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
546,682
509,861
Other creditors
589,424
392,412
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
65,839,434
65,848,684
Other creditors
546,964
643,113
London Flats Direct Ltd
Notes to the Accounts
for the year ended 31 March 2025
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
100 Ordinary B Shares of £1 each
100
100
100 Ordinary C Shares of £1 each
100
100
100 Ordinary D Shares of £1 each
100
100
100 Ordinary E Shares of £1 each
100
100
100 Ordinary F Shares of £1 each
100
100
100 Ordinary G Shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 11 (2024: 11).