London Real Estate Partners Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09338548 (England and Wales)

Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 December 2022

for

London Real Estate Partners Limited

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

5

Report of the Accountants

8

DIRECTORS:

K Khagram

A Hirani

REGISTERED OFFICE:

Unitec House

2 Albert Place

London

N3 1QB

REGISTERED NUMBER:

09338548 (England and Wales)

ACCOUNTANTS:

Kingsley Maybrook Limited

Unitec House

2 Albert Place

London

N3 1QB

The directors present their report with the financial statements of the company for the year ended 31 December 2022.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a property investment company.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2022 to the date of this report.

K Khagram

A Hirani

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

K Khagram - Director

28 September 2023

FIXED ASSETS

Investment property

4

3,324,382

3,324,382

CURRENT ASSETS

Debtors

5

100,295

181,172

Cash at bank

11,351

74

111,646

181,246

CREDITORS

Amounts falling due within one year

6

1,219,839

1,332,252

NET CURRENT LIABILITIES

(1,108,193

)

(1,151,006

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,216,189

2,173,376

CREDITORS

Amounts falling due after more than one year

7

1,953,585

1,953,585

NET ASSETS

262,604

219,791

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

262,504

219,691

SHAREHOLDERS' FUNDS

262,604

219,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by:

K Khagram - Director

1.	STATUTORY INFORMATION

London Real Estate Partners 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2022

and 31 December 2022

3,324,382

NET BOOK VALUE

At 31 December 2022

3,324,382

At 31 December 2021

3,324,382

Fair value at 31 December 2022 is represented by:

£

Valuation in 2021

3,324,382

If The Investment property had not been revalued it would have been included at the following historical cost:

31.12.22

31.12.21

£

£

Cost

3,024,382

-

The Investment Property was valued on Open Market basis on 11 May 2021 by Anderson Wilde & Harris .

5.

DEBTORS

31.12.22

31.12.21

£

£

Amounts falling due within one year:

Trade debtors

(32,000

)

115,153

Other debtors

57,459

66,019

25,459

181,172

Amounts falling due after more than one year:

Other debtors

74,836

-

Aggregate amounts

100,295

181,172

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans and overdrafts

-

763

Trade creditors

74,999

-

Taxation and social security

6,686

-

Other creditors

1,138,154

1,331,489

1,219,839

1,332,252

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans

1,953,585

1,953,585

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2022 set out on pages two to three and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Kingsley Maybrook Limited

Unitec House

2 Albert Place

London

N3 1QB

28 September 2023