GREATER LONDON SECURITIES LTD
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Registered number: |
00695724
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Balance Sheet |
as at 31 May 2020
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Notes |
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2020 |
|
|
2019 |
£ |
£ |
Fixed assets |
Investments |
3 |
|
|
2 |
|
|
2 |
|
Current assets |
Stocks |
|
|
202 |
|
|
202 |
|
Creditors: amounts falling due within one year |
4 |
|
(798) |
|
|
(798) |
|
Net current liabilities |
|
|
|
(596) |
|
|
(596) |
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Net liabilities |
|
|
|
(594) |
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|
(594) |
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|
|
|
|
|
|
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Capital and reserves |
Called up share capital |
|
|
|
30,000 |
|
|
30,000 |
Revaluation reserve |
5 |
|
|
158,598 |
|
|
158,598 |
Profit and loss account |
|
|
|
(189,192) |
|
|
(189,192) |
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Shareholders' funds |
|
|
|
(594) |
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|
(594) |
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|
|
|
|
|
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
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|
A R Pulver |
Director |
Approved by the board on 20 November 2020
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GREATER LONDON SECURITIES LTD
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Notes to the Accounts |
for the year ended 31 May 2020
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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Stocks |
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Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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2 |
Employees |
2020 |
|
2019 |
Number |
Number |
|
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Average number of persons employed by the company |
-
|
-
|
|
|
|
|
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|
|
|
|
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3 |
Investments |
Investments in |
subsidiary |
undertakings |
£ |
|
Cost |
|
At 1 June 2019 |
2 |
|
|
At 31 May 2020 |
2 |
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The company holds 100% of the ordinary share capital of Leakcliff Properties Ltd, whose Capital and Reserve balance at 31 May 2020 was £(30,141,038). |
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|
4 |
Creditors: amounts falling due within one year |
2020 |
|
2019 |
£ |
£ |
|
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
798 |
|
798 |
|
|
|
|
|
|
|
|
|
|
5 |
Revaluation reserve |
2020 |
|
2019 |
£ |
£ |
|
|
At 1 June 2019 |
158,598 |
|
158,598 |
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At 31 May 2020 |
158,598 |
|
158,598 |
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|
|
|
|
|
|
|
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6 |
Controlling party |
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The company is controlled by the directors.
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7 |
Other information |
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GREATER LONDON SECURITIES LTD is a private company limited by shares and incorporated in England. Its registered office is: |
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Crown House |
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44 Bellmount Wood Avenue |
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Watford |
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WD17 3BW |