Accounts filed on 30-11-2020


ACCOUNTS
FOR THE 335 DAY PERIOD ENDED 30/11/2020





DIRECTORS
Elizabeth Engzweig
Zalman Horowitz



SECRETARY
Elizabeth Engzweig


REGISTERED OFFICE
123 Clapton Common
Stamford Hill
London
E5 9AB


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05852073



ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL


ACCOUNTS
FOR THE335 DAY PERIODENDED30/11/2020



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		5


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30/11/2020

			2020		2019
	Notes		£		£

FIXED ASSETS
Tangible assets			4,085,921		4,085,426

CURRENT ASSETS
Cash at bank and in hand		89,154		9,725
		89,154		9,725
CREDITORS: Amounts falling due within one year	3	30,498		38,584
NET CURRENT ASSETS / (LIABILITIES)			58,656		(28,859)
TOTAL ASSETS LESS CURRENT LIABILITIES			4,144,577		4,056,567


CREDITORS: Amounts falling due after more than one year	4		2,547,288		2,550,001


PROVISIONS FOR LIABILITIES AND CHARGES	6		161,150		161,150

NET ASSETS			1,436,139		1,345,416

CAPITAL AND RESERVES

Called up share capital	7		4		4
Profit and loss account			1,436,135		1,345,412
SHAREHOLDERS' FUNDS			1,436,139		1,345,416


BALANCE SHEET AT 30/11/2020

For the year ending 30/11/2020 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 29/12/2020 and signed on their behalf by



.............................
Zalman Horowitz
Director



.............................
Elizabeth Engzweig
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Investment Properties

Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.




1c. Property Provisions
Where properties are no longer utilised in the business a provision is recorded if the future expected cash outflows exceed any inflow from rental income The provision is discounted in line with the requirements of FRS12.




1d. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.




3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2020	2019
	£	£
UK corporation tax	21,412	22,176
Trade creditors	-	323
Other creditors	6,866	10,745
Accruals	2,220	5,340
	30,498	38,584




4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2020	2019
	£	£
Bank loans (unsecured) >1yr	50,000	-
Bank loans (secured) >1yr	2,497,288	2,550,001
	2,547,288	2,550,001




7. SHARE CAPITAL	2020	2019
	£	£
Allotted, issued and fully paid:
4 Ordinary shares of £1 each	4	4
	4	4




8. CONTROLLING PARTY
The company is controlled by E. Endzweig, a director, and N. Horowitz, the spouse of a director, by virtue of the fact that, together, they own 100% of the company's issued and called up, voting share capital.

9. RELATED PARTY TRANSACTIONS

During the year, certain loans were advanced to the company by the directors, E. Endzweig and Z. Horowitz. The loans are interest free and repayable on demand. At the year end, the balance due to the directors totalled £6,866 (2019: £10,745).