L & D DEVELOPMENTS (LONDON) LIMITED Filleted accounts for Companies House (small and micro)

L & D DEVELOPMENTS (LONDON) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04241306

L & D DEVELOPMENTS (LONDON) LIMITED

Filleted Unaudited Financial Statements

30 June 2023

L & D DEVELOPMENTS (LONDON) LIMITED

Statement of Financial Position

30 June 2023

	2023		2022
Note	£	£	£

Fixed assets

Investments	4		995,001	995,001

Current assets

Stocks		12,500	12,500
Debtors	5	750	750
		--------	--------
		13,250	13,250

Creditors: amounts falling due within one year	6	445,621		445,460
		---------		---------
Net current liabilities			432,371	432,210
			---------	---------
Total assets less current liabilities			562,630	562,791
			---------	---------
Net assets			562,630	562,791
			---------	---------

Capital and reserves

Called up share capital	5	5
Profit and loss account	562,625	562,786
	---------	---------
Shareholders funds	562,630	562,791
	---------	---------

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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

L & D DEVELOPMENTS (LONDON) LIMITED

Statement of Financial Position (continued)

30 June 2023

These financial statements were approved by the board of directors and authorised for issue on 16 April 2024 , and are signed on behalf of the board by:

Mr D Michaels

Director

Company registration number: 04241306

L & D DEVELOPMENTS (LONDON) LIMITED

Notes to the Financial Statements

Year ended 30 June 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, NW11 0DH, London.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities .

4. Investments

	Other investments other than loans
	£
Cost
At 1 July 2022 and 30 June 2023	995,001
	---------
Impairment
At 1 July 2022 and 30 June 2023	–
	---------

Carrying amount
At 30 June 2023	995,001
	---------
At 30 June 2022	995,001
	---------

Subsidiaries, associates and other investments

	Class of share	Percentage of shares held
Subsidiary undertakings
L&D Properties (London) Limited	Ordinary	100

5. Debtors

	2023	2022
	£	£
Other debtors	750	750
	----	----

6. Creditors: amounts falling due within one year

	2023	2022
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	46,568	40,884
Corporation tax	394	394
Other creditors	398,659	404,182
	---------	---------
	445,621	445,460
	---------	---------

7. Related party transactions

The company was under the control of Mr L A Michaels throughout the current and previous year. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.