ACCOUNTS - Final Accounts preparation

THE LONDON FASHION CENTRE LIMITED - Company Information

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Registered number: 02703622

THE LONDON FASHION CENTRE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

THE LONDON FASHION CENTRE LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2

THE LONDON FASHION CENTRE LIMITED

REGISTERED NUMBER: 02703622

STATEMENT OF FINANCIAL POSITION

AS AT 30 APRIL 2023

		2023		2022
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	317,455		317,455
Cash at bank and in hand		104		104
		317,559		317,559
Total assets less current liabilities			317,559		317,559

Net assets			317,559		317,559

Capital and reserves
Called up share capital	3	3
Profit and loss account	317,556	317,556
	317,559	317,559

For the year ended 30 April 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 December 2023.

................................................

M Collins

Director

The notes on page 2 form part of these financial statements.

Page 1

THE LONDON FASHION CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

1.	General information

The London Fashion Centre Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, United Kingdom, WD6 1JD.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.3

Profit and loss account

The company has not traded during the year. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Debtors

					2023	2022
					£	£


Amounts due by related parties	317,455	317,455
	317,455	317,455

5.	Related party transactions
	Amounts due from related parties represent amount due from an entity under the control of the directors and shareholders of the company. The amount is interest free and repayable on demand.

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