London Serviced Apartments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03696103 (England and Wales)

LONDON SERVICED APARTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R A McKenzie

Ms M E Mckenzie

SECRETARY:

Mr R A McKenzie

REGISTERED OFFICE:

c/o Andreas Kounnis Limited

8-9 Jubilee Parade

Snakes Lane East

Woodford Green

London

IG8 7QG

REGISTERED NUMBER:

03696103 (England and Wales)

ACCOUNTANTS:

Andreas Kounnis Limited

Chartered Certified Accountants

8-9 Jubilee Parade

Snakes Lane East

Woodford Green

London

IG8 7QG

CURRENT ASSETS

Debtors

5

99,648

178,234

Investments

6

98,000

Cash at bank and in hand

5,241

56,178

202,889

332,412

CREDITORS

Amounts falling due within one year

7

(143,226

)

(155,236

)

NET CURRENT ASSETS

59,663

177,176

TOTAL ASSETS LESS CURRENT
LIABILITIES

59,663

177,176

CREDITORS

Amounts falling due after more than one
year

8

(8,333

)

(28,333

)

NET ASSETS

51,330

148,843

CAPITAL AND RESERVES

Called up share capital

6

Retained earnings

51,324

148,837

SHAREHOLDERS' FUNDS

51,330

148,843

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Mr R A McKenzie - Director

1.	STATUTORY INFORMATION

London Serviced Apartments 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 gross invoiced sales of services. Turnover is recognised at the earlier of invoice being raised or service being suppled.

Tangible assets

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

Plant and machinery etc

-

25% on cost and 15% on cost

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.

Current asset investments

Current asset unlisted investments are stated at the lower of cost and net realisable value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 August 2024

and 31 July 2025

19,797

3,319

23,116

DEPRECIATION

At 1 August 2024

and 31 July 2025

19,797

3,319

23,116

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Trade debtors

52,212

113,302

Other debtors

47,436

64,932

99,648

178,234

6.	CURRENT ASSET INVESTMENTS

31.7.25

31.7.24

£

Unlisted investments

98,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Bank loans and overdrafts

24,496

20,000

Trade creditors

15,324

23,744

Taxation and social security

86,926

96,430

Other creditors

16,480

15,062

143,226

155,236

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.7.25

31.7.24

£

Bank loans

8,333

28,333

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2025 and 31 July 2024:

31.7.25

31.7.24

£

Mr R A McKenzie

Balance outstanding at start of year

30,576

(187

)

Amounts advanced

67,984

68,763

Amounts repaid

(76,500

)

(38,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

22,060

30,576

Ms M E Mckenzie

Balance outstanding at start of year

30,763

-

Amounts advanced

67,798

68,763

Amounts repaid

(76,500

)

(38,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

22,061

30,763

Directors repaid the loan within 9 months after the year end.

10.	ULTIMATE CONTROLLING PARTY

There is no overall control by any one shareholder.