Caseware UK (AP4) 2022.0.179 2022.0.179 false2022-02-01No description of principal activity00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13118031 2022-02-01 2023-01-31 13118031 2021-01-06 2022-01-31 13118031 2023-01-31 13118031 2022-01-31 13118031 c:Director1 2022-02-01 2023-01-31 13118031 d:FreeholdInvestmentProperty 2023-01-31 13118031 d:FreeholdInvestmentProperty 2022-01-31 13118031 d:CurrentFinancialInstruments 2023-01-31 13118031 d:CurrentFinancialInstruments 2022-01-31 13118031 d:Non-currentFinancialInstruments 2023-01-31 13118031 d:Non-currentFinancialInstruments 2022-01-31 13118031 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13118031 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 13118031 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 13118031 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 13118031 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-01-31 13118031 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-01-31 13118031 d:RetainedEarningsAccumulatedLosses 2023-01-31 13118031 d:RetainedEarningsAccumulatedLosses 2022-01-31 13118031 c:FRS102 2022-02-01 2023-01-31 13118031 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 13118031 c:FullAccounts 2022-02-01 2023-01-31 13118031 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure

Registered number: 13118031










GEORGE STREET ESTATE LTD








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 January 2023

 
GEORGE STREET ESTATE LTD
Registered number: 13118031

Balance sheet
As at 31 January 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
  
477,925
477,925

  
477,925
477,925

Current assets
  

Debtors: amounts falling due within one year
  
2,668
-

Cash at bank and in hand
 6 
-
9,568

  
2,668
9,568

Creditors: amounts falling due within one year
 7 
(137,191)
(141,045)

Net current liabilities
  
 
 
(134,523)
 
 
(131,477)

Total assets less current liabilities
  
343,402
346,448

Creditors: amounts falling due after more than one year
 8 
(350,186)
(350,186)

  

Net liabilities
  
(6,784)
(3,738)


Capital and reserves
  

Profit and loss account
  
(6,784)
(3,738)

  
(6,784)
(3,738)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 September 2023.


Page 1

 
GEORGE STREET ESTATE LTD
Registered number: 13118031
    
Balance sheet (continued)
As at 31 January 2023



M Grunhut
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
GEORGE STREET ESTATE LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 January 2023

1.


General information

George Street Estate Ltd is a private company limited by shares and registered in England and Wales. The registered address is at Lower Ground 49 Osbaldeston Road, London, N16 7DL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
GEORGE STREET ESTATE LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 January 2023

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).

The average monthly number of employees, including directors, during the year was 0 (2022 - 0).


4.


Investment property


Freehold investment property

£



Valuation


At 1 February 2022
477,925



At 31 January 2023
477,925

The 2023 valuations were made by the director, on an open market value for existing use basis.



At 31 January 2023



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
£


Historic cost
477,925

477,925

Page 4

 
GEORGE STREET ESTATE LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 January 2023

5.


Debtors

2023
2022
£
£


Other debtors
2,668
-

2,668
-



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
-
9,569

-
9,569



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
135,931
140,445

Accruals and deferred income
1,260
600

137,191
141,045


Page 5

 
GEORGE STREET ESTATE LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 January 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
350,186
350,186

350,186
350,186


The following liabilities were secured:

2023
2022
£
£



Bank loans
350,186
350,186

350,186
350,186

Details of security provided:

Bank loans are secured by way of fixed charge over the company's property.


9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Bank loans
350,186
350,186

350,186
350,186


 
Page 6