London Lofts (Developments) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04725044 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2018 TO 30 OCTOBER 2019

FOR

LONDON LOFTS (DEVELOPMENTS) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr C H Hawkins

SECRETARY:

Ms J A Wells

REGISTERED OFFICE:

c/o Michael Filiou Ltd

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

04725044 (England and Wales)

ACCOUNTANTS:

Michael Filiou Ltd

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

CURRENT ASSETS

Debtors

569,275

593,219

Cash at bank

34

23,183

569,309

616,402

CREDITORS

Amounts falling due within one year

30,074

39,062

NET CURRENT ASSETS

539,235

577,340

TOTAL ASSETS LESS CURRENT LIABILITIES

539,235

577,340

CAPITAL AND RESERVES

Called up share capital

5

400

400

Retained earnings

538,835

576,940

SHAREHOLDERS' FUNDS

539,235

577,340

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 October 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 30 October 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 December 2020 and were signed by:

Mr C H Hawkins - Director

1.	STATUTORY INFORMATION

London Lofts (Developments) 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.

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Taxation

Taxation for the period 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 balance sheet date.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2018 - NIL).

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

400

Ordinary

£1

400

400

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 October 2019 and the year ended 31 October 2018:

2019

2018

£

£

Mr C H Hawkins

Balance outstanding at start of period

34,735

(3,473

)

Amounts advanced

1,216

38,208

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

35,951

34,735

The director was charged a market rate interest of 3.5% on his overdrawn loan account balance.

7.	RELATED PARTY DISCLOSURES

Tiller Ltd

At the balance sheet date, Tiller Ltd, a company in which Mr C H Hawkins is also a director and 50% shareholder, owed £227,115 (2018 - £227,115) to the company.

Property Liaisons (Developments) Ltd

At the balance sheet date, Property Liaisons (Developments) Ltd, a company in which Mr C H Hawkins is also a director, owed £54,000 (2018 - £44,000) to the company and is included in Other Debtors.This is an unsecured interest-free loan which is repayable on demand.

The Lodge Cafe Ltd

At the balance sheet date, The Lodge Cafe Ltd, a company in which Mr C H Hawkins is one of the directors, is owed £8,200 by the company and is included in Other Creditors.This is an unsecured interest-free loan which is repayable on demand.

8.	CONTROLLING PARTY

The controlling party is Mr C H Hawkins.

He holds 100% of the issued share capital of the company.