General Information
London River Logistics Limited is a private company, limited by shares, registered in England and Wales, registration number 03648206, registration address Holed Stone Barn Stisted Cottage Farm, Hollies Road, Braintree, Essex, CM77 8DZ.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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)
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 2 (2020 : 2).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Investment properties |
|
Total |
| |
£ |
|
£ |
| At 01 January 2021 |
344,475 |
|
344,475 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 December 2021 |
344,475 |
|
344,475 |
| Depreciation |
| At 01 January 2021 |
- |
|
- |
| Charge for year |
- |
|
- |
| On disposals |
- |
|
- |
| At 31 December 2021 |
- |
|
- |
| Net book values |
| Closing balance as at 31 December 2021 |
344,475 |
|
344,475 |
| Opening balance as at 01 January 2021 |
344,475 |
|
344,475 |
|
| 4. |
Debtors: amounts falling due within one year
|
2021
£ |
|
2020
£ |
| Prepayments & Accrued Income |
250 |
|
250 |
|
250 |
|
250 |
|
| 5. |
Creditors: amount falling due within one year
|
2021
£ |
|
2020
£ |
| Trade Creditors |
50 |
|
0 |
| Corporation Tax |
811 |
|
1,780 |
| Other Creditors |
276,847 |
|
276,847 |
|
277,708 |
|
278,627 |
|
| 6. |
Provisions for liabilities
|
2021
£ |
|
2020
£ |
| Deferred Tax |
3,798 |
|
4,125 |
| Charged to Profit & Loss |
1,614 |
|
(327) |
|
5,412 |
|
3,798 |
|
| 7. |
Fair Value Reserves
|
2021
£ |
|
2020
£ |
| Fair Value Reserve Transfer |
3,798 |
|
327 |
| Fair Value Reserve b/fwd |
34,994 |
|
34,667 |
|
38,792 |
|
34,994 |
|
| 8. |
Related parties
During the year the company entered into the following transactions with related parties: | Transaction value - income/(expenses) | | Balance owed by/(owed to) |
|---|
| 2021
£ | | 2020
£ | | 2021
£ | | 2020
£ |
|---|
| Castlekeep Limited | 0 | | 0 | | (276,847) | | (276,847) |
Castlekeep LimitedLoan |
2
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