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

REGISTERED NUMBER: 04725044 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2021

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

579,530

577,471

Cash at bank

5,663

5,663

585,193

583,134

CREDITORS

Amounts falling due within one year

46,797

44,662

NET CURRENT ASSETS

538,396

538,472

TOTAL ASSETS LESS CURRENT LIABILITIES

538,396

538,472

CAPITAL AND RESERVES

Called up share capital

5

400

400

Retained earnings

537,996

538,072

SHAREHOLDERS' FUNDS

538,396

538,472

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2021 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 year ended 30 October 2021 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 29 July 2022 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 year 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 year was NIL (2020 - NIL).

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

400

Ordinary

£1

400

400

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 October 2021 and 30 October 2020:

2021

2020

£

£

Mr C H Hawkins

Balance outstanding at start of year

44,402

35,951

Amounts advanced

1,554

8,451

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

45,956

44,402

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 £220,165 (2020 - £220,165) to the company and is included under other debtors. This is an unsecured interest-free loan which is repayable on demand.

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 (2020 - £54,000) to the company and is included under other debtors. This is an unsecured interest-free loan which is repayable on demand.

Tiller Rentals Ltd

At the balance sheet date, Tiller Rentals Ltd, a company in which Mr C H Hawkins is also a director, is owed £11,100 (2020 - £11,100) by the company and is included under other creditors. 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 (2020 - £8,200) by the company and is included under 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.