REGISTERED NUMBER: 10205215 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

LONDON PORTFOLIO GROUP LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Z Hanif

REGISTERED OFFICE:

1 Kings Avenue

London

N21 3NA

REGISTERED NUMBER:

10205215 (England and Wales)

ACCOUNTANTS:

AGK Partners

Chartered Accountants

1 Kings Avenue

Winchmore Hill

London

N21 3NA

FIXED ASSETS

Property, plant and equipment

4

-

4,500

Investment property

5

1,503,154

1,503,154

1,503,154

1,507,654

CURRENT ASSETS

Inventories

268,610

1,981,506

Debtors

6

5,105,482

2,851,221

Cash at bank

255,438

95,243

5,629,530

4,927,970

CREDITORS

Amounts falling due within one year

7

4,274,994

3,640,515

NET CURRENT ASSETS

1,354,536

1,287,455

TOTAL ASSETS LESS CURRENT LIABILITIES

2,857,690

2,795,109

CREDITORS

Amounts falling due after more than one year

8

(1,446,950

)

(1,439,141

)

PROVISIONS FOR LIABILITIES

10

(42,336

)

(42,336

)

NET ASSETS

1,368,404

1,313,632

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

11

127,008

127,008

Retained earnings

1,241,296

1,186,524

1,368,404

1,313,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 June 2026 and were signed by:

Z Hanif - Director

1.	STATUTORY INFORMATION

London Portfolio Group Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on a going concern basis as the director is satisfied that the company will have adequate resources to meet it's liabilities to third parties as and when they fall due. Also, the director will continue to support the company when required.

Significant judgements and estimates

In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant judgements or estimates involved in the preparation of the financial statements.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Turnover comprises rental income derived from the leasing of properties under operating leases. Turnover is recognized in the profit and loss account on an accrual basis, in accordance with the terms of the rental agreements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Straight Line Method of Depreciation

Investment property

Investment property is initially measured at cost, which includes purchase price and any directly attributable costs, such as professional fees and transaction costs.

Subsequently, investment property is measured at fair value at each reporting date. Fair value is determined based on market evidence, typically provided by a professional valuation conducted annually. Changes in fair value are recognized in the profit and loss account in the period in which they arise.

Rental income from investment property is accounted for as turnover on an accrual basis in accordance with the rental agreements.

Investment property is not depreciated but is revalued annually to reflect its fair value. Any gains or losses arising from changes in fair value are included in the profit and loss account for the period.

Inventories

Inventories are valued at lower of cost and net realisable value. The cost of work in progress and finished projects includes all development costs and the attributable proportion of indirect overheads based on normal level of activity. Net realisable value is based on estimated selling price less the estimated cost of disposal.

Financial instruments

Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially

measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 7 (2024 - 7 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Motor

vehicles

£

COST

At 1 June 2024

and 31 May 2025

18,000

DEPRECIATION

At 1 June 2024

13,500

Charge for year

4,500

At 31 May 2025

18,000

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

4,500

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

and 31 May 2025

1,503,154

NET BOOK VALUE

At 31 May 2025

1,503,154

At 31 May 2024

1,503,154

Fair value at 31 May 2025 is represented by:

£

Valuation in 2022

169,345

Cost

1,333,809

1,503,154

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,333,809

1,333,809

Investment property was valued on an open market basis on 31 May 2024 by directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by connected company

3,636,380

2,537,590

Other debtors

1,469,102

313,631

5,105,482

2,851,221

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

9,726

Amounts owed to connected company

2,787,038

2,345,477

Taxation and social security

261,590

256,727

Other creditors

1,216,366

1,028,585

4,274,994

3,640,515

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,446,950

1,439,141

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,445,239

1,427,271

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loan

1,445,239

1,427,271

Bank loans are secured by way of fixed and floating charge covers all the property or undertaking of the company.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

42,336

42,336

Deferred

tax

£

Balance at 1 June 2024

42,336

Balance at 31 May 2025

42,336

11.

RESERVES

Fair

value

reserve

£

At 1 June 2024

and 31 May 2025

127,008

12.	RELATED PARTY DISCLOSURES

Included in creditors falling due within one year, is an amount of £74,773 (2024:£131,833 ) owed to the director of the company.

Included in creditors falling due within one year, is an amount of £2,787,038 (2024:£2,345,477) owed to the connected companies. The companies are connected by virtue of having common control.

Included in debtors falling due within one year, is an amount of £3,561,380 (2024:£2,537,590) owed from connected companies.The companies are connected by virtue of having common control.

These loans are interest free and repayable on demand.