BuyLondonFlat.com Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07801820 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

BuyLondonFlat.com Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

E Song

REGISTERED OFFICE:

131-151 Great Titchfield Street

London

W1W 5BB

REGISTERED NUMBER:

07801820 (England and Wales)

ACCOUNTANTS:

Lam & Co

Chartered Accountants

94 Orchard Gate

Greenford

Middlesex

UB6 0QP

FIXED ASSETS

Tangible assets

4

3,463

2,334

CURRENT ASSETS

Debtors

5

3,244

19,788

Cash at bank

48,931

144,581

52,175

164,369

CREDITORS

Amounts falling due within one year

6

70,940

137,831

NET CURRENT (LIABILITIES)/ASSETS

(18,765

)

26,538

TOTAL ASSETS LESS CURRENT LIABILITIES

(15,302

)

28,872

PROVISIONS FOR LIABILITIES

693

467

NET (LIABILITIES)/ASSETS

(15,995

)

28,405

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(16,995

)

27,405

SHAREHOLDERS' FUNDS

(15,995

)

28,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 10 December 2017 and were signed by:

E Song - Director

1.	STATUTORY INFORMATION

BuyLondonFlat.com Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the total invoice value, excluding value added tax, of fees receivable during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2015 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

3,112

Additions

2,543

At 31 December 2016

5,655

DEPRECIATION

At 1 January 2016

778

Charge for year

1,414

At 31 December 2016

2,192

NET BOOK VALUE

At 31 December 2016

3,463

At 31 December 2015

2,334

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

2,007

17,163

Other debtors

1,237

2,625

3,244

19,788

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

57,997

102,508

Taxation and social security

5,612

26,529

Other creditors

7,331

8,794

70,940

137,831

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.16

31.12.15

£

£

Within one year

518

-

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY

The controlling party is E Song.

10.	FIRST YEAR ADOPTION

The policies applied under the entity's previous accounting framework are not materially different to FRS 102

and have not impacted on equity or profit or loss.