PROPERTY LONDON INVESTMENT LIMITED - Accounts


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Registered Number: 09851238
England and Wales

 

 

 

PROPERTY LONDON INVESTMENT LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 December 2019

End date: 30 November 2020
 
 
Notes
 
2020
£
  2019
£
Current assets      
Cash at bank and in hand 50,589    270 
Creditors: amount falling due within one year (20,933)   (12,000)
Net current assets 29,656    (11,730)
 
Total assets less current liabilities 29,656    (11,730)
Creditors: amount falling due after more than one year (41,667)  
Net liabilities (12,011)   (11,730)
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account (12,012)   (11,731)
Shareholders funds (12,011)   (11,730)
 


For the year ended 30 November 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 31 August 2021 and were signed by:


--------------------------------
S M R M Elmoniri
Director
1
General Information
PROPERTY LONDON INVESTMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09851238, registration address C/O Goodmen, 10 Crawford Place, LONDON ENGLAND, , W1H 5NF

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
2.

Average number of employees

Average number of employees during the year was 0 (2019 : 0).
3.

Share Capital

Allotted, called up and fully paid
2020
£
  2019
£
1 Class A share of £1.00 each  
 

2