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I have the same bike, except a girls' version. It has the seat and fenders and is in pretty nice condition, but the chainguard is not original - someone has scabbed an old one on there with incorrect brackets. Can you tell if yours ever had a chainguard?
Old thread, I know, but for the sake of posterity: They were designed by Scheuer and built in Germany until about 1960, then moved to Japan. They had Shimano 333 rear hubs, a pretty sure sign they had nothing to do with Raleigh. Here's another thread about them: https://thecabe.com/forum/threads/the-londoner.25924/