Company Registration No. 09354808 (England and Wales)
London House Projects Ltd.
Unaudited accounts
for the year ended 31 December 2020
London House Projects Ltd.
Unaudited accounts
Contents
London House Projects Ltd.
Company Information
for the year ended 31 December 2020
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 2020
Tangible assets
5,196
22,563
Cash at bank and in hand
87,263
37,901
Creditors: amounts falling due within one year
(128,431)
(182,783)
Net current assets/(liabilities)
6,968
(45,357)
Total assets less current liabilities
12,164
(22,794)
Creditors: amounts falling due after more than one year
-
(1,919)
Provisions for liabilities
Net assets/(liabilities)
11,177
(24,713)
Called up share capital
12
12
Profit and loss account
11,165
(24,725)
Shareholders' funds
11,177
(24,713)
For the year ending 31 December 2020 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 19 September 2021 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 2020
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 2020
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2020
35,459
1,346
581
37,386
Disposals
(25,665)
-
-
(25,665)
At 31 December 2020
9,794
1,346
581
11,721
At 1 January 2020
14,289
365
169
14,823
Charge for the year
2,448
336
146
2,930
On disposals
(11,228)
-
-
(11,228)
At 31 December 2020
5,509
701
315
6,525
At 31 December 2020
4,285
645
266
5,196
At 31 December 2019
21,170
981
412
22,563
5
Debtors: amounts falling due within one year
2020
2019
Deferred tax asset
-
4,179
Accrued income and prepayments
-
15,000
Other debtors
46,661
73,976
6
Creditors: amounts falling due within one year
2020
2019
Obligations under finance leases and hire purchase contracts
1,919
6,760
Trade creditors
109,453
37,624
Taxes and social security
17,062
71,770
Other creditors
13,866
32,933
Loans from directors
504
-
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
2020
2019
Obligations under finance leases and hire purchase contracts
-
1,919
London House Projects Ltd.
Notes to the Accounts
for the year ended 31 December 2020
Allotted, called up and fully paid:
12 Ordinary shares of £1 each
12
12
9
Transactions with related parties
During the year the company made an unsecured loan to London House Companies 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 2020 the balance was £41,456 (2019 : £4,155 owed to London House Companies Ltd) .
10
Average number of employees
During the year the average number of employees was 4 (2019: 3).
