London Capital Developments 3 Limited Filleted accounts for Companies House (small and micro)

London Capital Developments 3 Limited Filleted accounts for Companies House (small and micro)

LONDON CAPITAL DEVELOPMENTS 3 LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 07718491
London Capital Developments 3 Limited
Filleted Unaudited Financial Statements
31 July 2023
London Capital Developments 3 Limited
Financial Statements
Year ended 31 July 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
London Capital Developments 3 Limited
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
£
£
Current assets
Debtors
5
235
249
Cash at bank and in hand
3,259
2,985
-------
-------
3,494
3,234
Creditors: amounts falling due within one year
6
2,962
1,397
-------
-------
Net current assets
532
1,837
----
-------
Total assets less current liabilities
532
1,837
----
-------
Net assets
532
1,837
----
-------
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
432
1,737
----
-------
Shareholders funds
532
1,837
----
-------
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 31 July 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 .
These financial statements were approved by the board of directors and authorised for issue on 29 April 2024 , and are signed on behalf of the board by:
M G Cawthra
M J Fuller
Director
Director
Company registration number: 07718491
London Capital Developments 3 Limited
Notes to the Financial Statements
Year ended 31 July 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 146 New London Road, Chelmsford, Essex, CM2 0AW, England.
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.
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.
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. Employee numbers
The average number of persons employed by the company during the year, including the directors, amounted to 2 (2022: 2).
5. Debtors
2023
2022
£
£
Other debtors
235
249
----
----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to undertakings in which the company has a participating interest
2,462
897
Accruals and deferred income
500
500
-------
-------
2,962
1,397
-------
-------
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
8. Related party transactions
At the year end the company owed £2,462 (2022: £897) to undertakings in which it has a participating interest. All loans from undertakings in which the company has a participating interest are unsecured, interest free and repayable on demand.