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REGISTERED NUMBER: 00870967 (England and Wales)















ST GEORGE SECURITIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021






ST GEORGE SECURITIES LIMITED (REGISTERED NUMBER: 00870967)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ST GEORGE SECURITIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2021







DIRECTOR: Eva Bower





SECRETARY: Ruth Katherine Bower





REGISTERED OFFICE: 6 Church Row
Hampstead
London
NW3 6UT





REGISTERED NUMBER: 00870967 (England and Wales)





ACCOUNTANTS: Sinclairs Bartrum Lerner
Chartered Accountants
Second Floor
34 Lime Street
London
EC3M 7AT

ST GEORGE SECURITIES LIMITED (REGISTERED NUMBER: 00870967)

BALANCE SHEET
31ST DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 6,247,500 6,247,500

CURRENT ASSETS
Debtors 5 417,010 125,599
Cash at bank 2,408,233 2,686,904
2,825,243 2,812,503
CREDITORS
Amounts falling due within one year 6 228,377 257,208
NET CURRENT ASSETS 2,596,866 2,555,295
TOTAL ASSETS LESS CURRENT LIABILITIES 8,844,366 8,802,795

PROVISIONS FOR LIABILITIES 242,015 242,015
NET ASSETS 8,602,351 8,560,780

CAPITAL AND RESERVES
Called up share capital 63 63
Other reserves 2,730,887 2,730,887
Retained earnings 5,871,401 5,829,830
SHAREHOLDERS' FUNDS 8,602,351 8,560,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ST GEORGE SECURITIES LIMITED (REGISTERED NUMBER: 00870967)

BALANCE SHEET - continued
31ST DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 10th August 2022 and were signed by:





Eva Bower - Director


ST GEORGE SECURITIES LIMITED (REGISTERED NUMBER: 00870967)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021


1. STATUTORY INFORMATION

St George Securities Limited 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.

The significant accounting policies applied in the presentation of the financial statements are set out below and have been consistently applied to all years unless otherwise stated.

2. ACCOUNTING POLICIES

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

Trade and other debtors/creditors

Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Subsequent to initial recognition, they are measured at transaction price less any impairment losses. Trade and other creditors are recognised at transaction price plus attributable transaction costs.

Cash and cash equivalents

Cash and cash equivalents comprise of cash balances and deposits.

Turnover
Turnover represents rents receivable during the year.

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.

ST GEORGE SECURITIES LIMITED (REGISTERED NUMBER: 00870967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021


2. ACCOUNTING POLICIES - continued

Investment properties
Investment properties are shown at their fair value and revalued annually. Any gains or losses are recognised in the statement of Profit or Loss. Deferred taxation is provided on these gains at the rate set at the balance sheet date.

In accordance with the FRS 102 no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the director considers that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The director considers that this policy results in the financial statements giving a true and fair view.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2021
and 31st December 2021 6,247,500
NET BOOK VALUE
At 31st December 2021 6,247,500
At 31st December 2020 6,247,500

Fair value at 31st December 2021 is represented by:
£   
Valuation in 2001 2,354,086
Valuation in 2002 126,816
Valuation in 2003 (319,599 )
Valuation in 2009 100,000
Valuation in 2016 857,448
Valuation in 2018 (1,889 )
Valuation in 2019 (143,960 )
Cost 3,274,598
6,247,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 115,910 86,159
Other debtors 301,100 39,440
417,010 125,599

ST GEORGE SECURITIES LIMITED (REGISTERED NUMBER: 00870967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Taxation and social security 46,695 72,149
Other creditors 181,682 185,059
228,377 257,208