| LONDONDAY LIMITED |
| Registered number: |
01423984 |
| Balance Sheet |
| as at 31 January 2019 |
|
| Notes |
|
|
2019 |
|
|
2018 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
582,000 |
|
|
582,320 |
|
| Current assets |
| Debtors |
4 |
|
- |
|
|
- |
| Cash at bank and in hand |
|
|
14,869 |
|
|
10,075 |
|
|
|
14,869 |
|
|
10,075 |
|
| Creditors: amounts falling due within one year |
5 |
|
(9,417) |
|
|
(10,756) |
|
| Net current assets/(liabilities) |
|
|
|
5,452 |
|
|
(681) |
|
| Total assets less current liabilities |
|
|
|
587,452 |
|
|
581,639 |
|
|
| Provisions for liabilities |
|
|
|
(18,500) |
|
|
(18,561) |
|
|
| Net assets |
|
|
|
568,952 |
|
|
563,078 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
568,852 |
|
|
562,978 |
|
| Shareholders' funds |
|
|
|
568,952 |
|
|
563,078 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| J D Hutchison |
| Director |
| Approved by the board on 4 April 2019 |
|
| LONDONDAY LIMITED |
| Notes to the Accounts |
| for the year ended 31 January 2019 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover, representing rents and services provided to customers, is measured at the fair of the cosideration received. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Computer equipment |
over 3 years |
|
|
Investment property |
|
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in the profit or loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2019 |
|
2018 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Freehold investment properties |
|
Computer equipment |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 February 2018 |
582,000 |
|
959 |
|
582,959 |
|
At 31 January 2019 |
582,000 |
|
959 |
|
582,959 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2018 |
- |
|
639 |
|
639 |
|
Charge for the year |
- |
|
320 |
|
320 |
|
At 31 January 2019 |
- |
|
959 |
|
959 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2019 |
582,000 |
|
- |
|
582,000 |
|
At 31 January 2018 |
582,000 |
|
320 |
|
582,320 |
|
|
| 4 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
|
|
Other debtors |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Taxation and social security costs |
5,146 |
|
5,522 |
|
Other creditors |
4,271 |
|
5,234 |
|
|
|
|
|
|
9,417 |
|
10,756 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Profit and loss account |
|
|
The profit and loss account balance includes £222.894 (2018 - £222,894) relating to cumulitive unrealised gains on revaluation of investment properties net of deferred taxation, which is not distribituable. |
|
|
| 7 |
Other information |
|
|
LONDONDAY LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
37 Links Road |
|
Epsom |
|
Surrey |
|
KT17 3PP |
|
|
| 8 |
Controlling party |
|
|
The ultinate controlling party is is Mr J D Hutchison. |
