Company Registration No. 10966096 (England and Wales)
London Block Exchange Ltd
Unaudited accounts
for the period from 15 September 2017 to 30 September 2018
London Block Exchange Ltd
Unaudited accounts
Contents
London Block Exchange Ltd
Company Information
for the period from 15 September 2017 to 30 September 2018
Director
Benjamin Martin Dives
Company Number
10966096 (England and Wales)
Registered Office
Kemp House
160 City Road
London
EC1V 2NX
Accountants
Pricewise Accountants
Albert Buildings
49 Queen Victoria Street
London
EC4N 4SA
London Block Exchange Ltd
Accountants' report
Accountants' report to the director of London Block Exchange Ltd on the preparation of the unaudited statutory accounts for the period from 15 September 2017 to 30 September 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
London Block Exchange Ltd for the period from
15 September 2017 to
30 September 2018 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of London Block Exchange Ltd , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of London Block Exchange Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than London Block Exchange Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that London Block Exchange Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of London Block Exchange Ltd . You consider that London Block Exchange Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of London Block Exchange Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Pricewise Accountants
Albert Buildings
49 Queen Victoria Street
London
EC4N 4SA
15 June 2019
London Block Exchange Ltd
Statement of financial position
as at
30 September 2018
Intangible assets
120,554
Cash at bank and in hand
(313,769)
Creditors: amounts falling due within one year
(962,661)
Net current liabilities
(1,152,497)
Total assets less current liabilities
(1,009,282)
Creditors: amounts falling due after more than one year
(3,638,122)
Net liabilities
(4,647,404)
Called up share capital
10
Profit and loss account
(4,647,414)
Shareholders' funds
(4,647,404)
For the period ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 15 June 2019.
Benjamin Martin Dives
Director
Company Registration No. 10966096
London Block Exchange Ltd
Notes to the Accounts
for the period from 15 September 2017 to 30 September 2018
London Block Exchange Ltd is a private company, limited by shares, registered in England and Wales, registration number 10966096. The registered office is Kemp House , 160 City Road , London, EC1V 2NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
30% Reducing balance
Other tangible fixed assets
30% Reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 15 September 2017
108,499
At 30 September 2018
108,499
At 15 September 2017
(12,055)
At 30 September 2018
(12,055)
At 30 September 2018
120,554
Intangible fixed assets has been amortised over a 10 year useful economic life.
London Block Exchange Ltd
Notes to the Accounts
for the period from 15 September 2017 to 30 September 2018
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 15 September 2017
4,636
27,737
32,373
At 30 September 2018
4,636
27,737
32,373
At 15 September 2017
1,391
8,321
9,712
At 30 September 2018
1,391
8,321
9,712
At 30 September 2018
3,245
19,416
22,661
7
Investments held as current assets
2018
Unlisted investments
123,853
8
Creditors: amounts falling due within one year
2018
Trade creditors
1,338,584
Taxes and social security
(332,935)
Loans from directors
12,831
9
Creditors: amounts falling due after more than one year
2018
Other creditors
3,638,122
10
Average number of employees
During the period the average number of employees was 10.