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REGISTERED NUMBER: 04980927 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

DOWN STREET MANAGEMENT LTD

DOWN STREET MANAGEMENT LTD (REGISTERED NUMBER: 04980927)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DOWN STREET MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: G Haiat
A J P Gaur





REGISTERED OFFICE: 50 Seymour Street
London
W1H 7JG





REGISTERED NUMBER: 04980927 (England and Wales)





ACCOUNTANTS: Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG

DOWN STREET MANAGEMENT LTD (REGISTERED NUMBER: 04980927)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,946 24,168

CURRENT ASSETS
Debtors 5 446 446
Cash at bank and in hand 124,905 79,023
125,351 79,469
CREDITORS
Amounts falling due within one year 6 99,497 217,151
NET CURRENT ASSETS/(LIABILITIES) 25,854 (137,682 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,800

(113,514

)

CREDITORS
Amounts falling due after more than
one year

7

37,950

43,879
NET ASSETS/(LIABILITIES) 21,850 (157,393 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 21,849 (157,394 )
SHAREHOLDERS' FUNDS 21,850 (157,393 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DOWN STREET MANAGEMENT LTD (REGISTERED NUMBER: 04980927)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 Board of Directors and authorised for issue on 28 July 2023 and were signed on its behalf by:





A J P Gaur - Director


DOWN STREET MANAGEMENT LTD (REGISTERED NUMBER: 04980927)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Down Street Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents the net invoiced rental charge excluding value added tax.

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 - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

DOWN STREET MANAGEMENT LTD (REGISTERED NUMBER: 04980927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022 136,794 151,710 5,034 293,538
Additions - 20,298 795 21,093
At 28 February 2023 136,794 172,008 5,829 314,631
DEPRECIATION
At 1 March 2022 133,493 132,840 3,037 269,370
Charge for year 825 9,792 698 11,315
At 28 February 2023 134,318 142,632 3,735 280,685
NET BOOK VALUE
At 28 February 2023 2,476 29,376 2,094 33,946
At 28 February 2022 3,301 18,870 1,997 24,168

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 446 446

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 3,932 -
Social security and other taxes 850 934
VAT 20,343 18,357
Other creditors 3,154 5,152
Loans 30,000 140,000
Wages control 1,194 -
Pension control 50 -
Directors' loan accounts 29,560 18,582
Accruals and deferred income - 24,050
Accrued expenses 10,414 10,076
99,497 217,151

DOWN STREET MANAGEMENT LTD (REGISTERED NUMBER: 04980927)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 37,950 43,879

8. RESERVES
Retained
earnings
£   

At 1 March 2022 (157,394 )
Profit for the year 181,243
Dividends (2,000 )
At 28 February 2023 21,849