London Group of Properties (Hornchurch) - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06263366 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2019

for

London Group of Properties

(Hornchurch) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Investment property

4

781,250

781,250

CURRENT ASSETS

Debtors

5

257,578

181,600

Cash at bank

19,722

27,160

277,300

208,760

CREDITORS

Amounts falling due within one year

6

370,654

278,049

NET CURRENT LIABILITIES

(93,354

)

(69,289

)

TOTAL ASSETS LESS CURRENT LIABILITIES

687,896

711,961

CAPITAL AND RESERVES

Called up share capital

9

9

Other reserves

674,315

674,315

Fair value reserve

7

11,929

11,929

Retained earnings

1,643

25,708

SHAREHOLDERS' FUNDS

687,896

711,961

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 18 September 2019 and were signed by:

S G Frater - Director

1.	STATUTORY INFORMATION

London Group of Properties (Hornchurch) Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address are as below:

Registered number:

06263366

Registered office:

Treviot House

186-192 High Road

Ilford

Essex

IG1 1LR

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"

of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" and the Companies Act 2006.

Turnover

Turnover represents rent and service charges receivable during the period.

Investment property

Investment property is included at fair value. Gains are recognised in the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

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 balance sheet date.

Going concern

The balance sheet at the end of the year recorded net current liabilities. However, the director believes sufficient

financial resources are available to the company to enable it to continue trading into the foreseeable future.

Therefore, the financial statements have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2018

and 30 June 2019

781,250

NET BOOK VALUE

At 30 June 2019

781,250

At 30 June 2018

781,250

Fair value at 30 June 2019 is represented by:

£

Valuation in 2017

11,929

Cost

769,321

781,250

The investment property was valued on a fair value basis on 30 June 2019 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

1,157

-

Amounts owed by related parties

256,421

181,600

257,578

181,600

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed to related parties

231,163

167,862

Taxation and social security

3,150

2,766

Other creditors

136,341

107,421

370,654

278,049

7.

RESERVES

Fair

value

reserve

£

At 1 July 2018

and 30 June 2019

11,929