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

REGISTERED NUMBER: 06263366 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2021

for

London Group of Properties

(Hornchurch) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

3,728

2,172

Investment property

5

781,250

781,250

784,978

783,422

CURRENT ASSETS

Debtors

6

420,064

337,929

Cash at bank

40,580

39,353

460,644

377,282

CREDITORS

Amounts falling due within one year

7

526,339

456,669

NET CURRENT LIABILITIES

(65,695

)

(79,387

)

TOTAL ASSETS LESS CURRENT LIABILITIES

719,283

704,035

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

33,030

17,782

SHAREHOLDERS' FUNDS

719,283

704,035

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 20 September 2021 and were signed by:

S G Frater - Director

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 period.

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.

Going concern

The balance sheet at the end of the year recorded net current liabilities. However, the director believes sufficient financial resources are available to the company to enable it to continue trading into the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.

Government grants

Grant income during the period has been accounted for using the accruals model.

The grant is recognised in income in the period the related costs are incurred by the entity for which the grant is intended to compensate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2020

2,896

Additions

2,799

At 30 June 2021

5,695

DEPRECIATION

At 1 July 2020

724

Charge for year

1,243

At 30 June 2021

1,967

NET BOOK VALUE

At 30 June 2021

3,728

At 30 June 2020

2,172

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2020

and 30 June 2021

781,250

NET BOOK VALUE

At 30 June 2021

781,250

At 30 June 2020

781,250

Fair value at 30 June 2021 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 2021 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

-

1,175

Amounts owed by related parties

419,294

332,754

Other debtors

770

4,000

420,064

337,929

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

-

506

Amounts owed to related parties

387,213

309,337

Taxation and social security

3,556

3,299

Other creditors

135,570

143,527

526,339

456,669

8.

RESERVES

Fair

value

reserve

£

At 1 July 2020

and 30 June 2021

11,929