Company Registration No. 09354808 (England and Wales)
London House Projects Ltd.
Unaudited accounts
for the year ended 31 December 2019
London House Projects Ltd.
Unaudited accounts
Contents
London House Projects Ltd.
Company Information
for the year ended 31 December 2019
Company Number
09354808 (England and Wales)
Registered Office
13 Foundry Mews
Barnes High Street
London
SW13 9AZ
Accountants
Susan Appleton Accountancy Ltd
2 Carters Way
Wisborough Green
Billingshurst
West Sussex
RH14 0BY
London House Projects Ltd.
Statement of financial position
as at 31 December 2019
Tangible assets
22,563
31,910
Cash at bank and in hand
37,901
142
Creditors: amounts falling due within one year
(182,783)
(131,295)
Net current liabilities
(45,357)
(52,593)
Total assets less current liabilities
(22,794)
(20,683)
Creditors: amounts falling due after more than one year
(1,919)
(8,679)
Net liabilities
(24,713)
(29,362)
Called up share capital
12
12
Profit and loss account
(24,725)
(29,374)
Shareholders' funds
(24,713)
(29,362)
For the year ending 31 December 2019 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 director acknowledges his 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 and authorised for issue on 27 October 2020 and were signed on its behalf by
Paul Stevens
Director
Company Registration No. 09354808
London House Projects Ltd.
Notes to the Accounts
for the year ended 31 December 2019
London House Projects Ltd. is a private company, limited by shares, registered in England and Wales, registration number 09354808. The registered office is 13 Foundry Mews, Barnes High Street, London, SW13 9AZ.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% of cost
Computer equipment
25% of cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
London House Projects Ltd.
Notes to the Accounts
for the year ended 31 December 2019
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2019
35,459
1,346
581
37,386
At 31 December 2019
35,459
1,346
581
37,386
At 1 January 2019
5,424
28
24
5,476
Charge for the year
8,865
337
145
9,347
At 31 December 2019
14,289
365
169
14,823
At 31 December 2019
21,170
981
412
22,563
At 31 December 2018
30,035
1,318
557
31,910
Trade debtors
6,370
28,679
Deferred tax asset
4,179
-
Accrued income and prepayments
15,000
26,928
Other debtors
73,976
22,953
6
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
-
4,272
Obligations under finance leases and hire purchase contracts
6,760
15,150
Trade creditors
37,624
44,549
Taxes and social security
71,770
49,899
Other creditors
32,933
16,457
Loans from directors
-
542
Creditors include net obligations under hire purchase contracts which are secured of £23,829 (2017: £nil). The hire purchase contracts are secured on the assets concerned.
7
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
1,919
8,679
Allotted, called up and fully paid:
12 Ordinary shares of £1 each
12
12
London House Projects Ltd.
Notes to the Accounts
for the year ended 31 December 2019
9
Transactions with related parties
During the year the company made an unsecured loan to London House Maintenance Ltd, a company in which the director of London House Projects Ltd owns shares. The loan is repayable on demand and interest free. At 31 December 2019 the balance was £63,112 (2018 : £40,056) .
10
Average number of employees
During the year the average number of employees was 3 (2018: 4).
