London Group of Properties (Hornchurch) - Accounts to registrar (filleted) - small 18.2

London Group of Properties (Hornchurch) - Accounts to registrar (filleted) - small 18.2

LONDON GROUP OF PROPERTIES (HORNCHURCH) LIMITED - Company Information

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REGISTERED NUMBER: 06263366 (England and Wales)


















Unaudited Financial Statements for the Year Ended 30 June 2022

for

London Group of Properties
(Hornchurch) Limited
Davis Grant Limited
Chartered Certified Accountants
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR








London Group of Properties
(Hornchurch) Limited (Registered number: 06263366)






Contents of the Financial Statements
for the Year Ended 30 June 2022




Page

Balance Sheet 1

Notes to the Financial Statements 3


London Group of Properties
(Hornchurch) Limited (Registered number: 06263366)

Balance Sheet
30 June 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,796 3,728
Investment property 5 781,250 781,250
784,046 784,978

CURRENT ASSETS
Debtors 6 838,002 420,064
Cash at bank 62,838 40,580
900,840 460,644
CREDITORS
Amounts falling due within one year 7 957,989 526,339
NET CURRENT LIABILITIES (57,149 ) (65,695 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
726,897
719,283

CAPITAL AND RESERVES
Called up share capital 9 9
Other reserves 674,315 674,315
Fair value reserve 8 11,929 11,929
Retained earnings 40,644 33,030
SHAREHOLDERS' FUNDS 726,897 719,283

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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 notes form part of these financial statements

Page 1 continued...
London Group of Properties
(Hornchurch) Limited (Registered number: 06263366)

Balance Sheet - continued
30 June 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 October 2022 and were signed by:





S G Frater - Director


The notes form part of these financial statements

Page 2
London Group of Properties
(Hornchurch) Limited (Registered number: 06263366)

Notes to the Financial Statements
for the Year Ended 30 June 2022

1. STATUTORY INFORMATION

London Group of Properties (Hornchurch) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06263366

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover represents rent and service charges receivable during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Investment property
Investment property is included at fair value. Gains are recognised in the profit and loss account.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

Page 3 continued...
London Group of Properties
(Hornchurch) Limited (Registered number: 06263366)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2021
and 30 June 2022 5,695
DEPRECIATION
At 1 July 2021 1,967
Charge for year 932
At 30 June 2022 2,899
NET BOOK VALUE
At 30 June 2022 2,796
At 30 June 2021 3,728

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2021
and 30 June 2022 781,250
NET BOOK VALUE
At 30 June 2022 781,250
At 30 June 2021 781,250

Fair value at 30 June 2022 is represented by:
£   
Valuation in 2017 11,929
Cost 769,321
781,250

The investment property was valued on a fair value basis on 30 June 2022 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed by related parties 837,232 419,294
Other debtors 770 770
838,002 420,064

Page 4 continued...
London Group of Properties
(Hornchurch) Limited (Registered number: 06263366)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to related parties 469,642 387,213
Taxation and social security 2,339 3,556
Other creditors 486,008 135,570
957,989 526,339

8. RESERVES
Fair
value
reserve
£   
At 1 July 2021
and 30 June 2022 11,929

Page 5