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REGISTERED NUMBER: 10557045 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

STORY LETTINGS LIMITED

STORY LETTINGS LIMITED (REGISTERED NUMBER: 10557045)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


STORY LETTINGS LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2023







DIRECTORS: D A Story
C A Story





REGISTERED OFFICE: 3 Meriden Road
Liverpool
Merseyside
L25 2ST





REGISTERED NUMBER: 10557045 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

STORY LETTINGS LIMITED (REGISTERED NUMBER: 10557045)

STATEMENT OF FINANCIAL POSITION
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 264,106 264,106

CURRENT ASSETS
Debtors 5 366 366
Cash at bank 20,683 6,115
21,049 6,481
CREDITORS
Amounts falling due within one year 6 79,925 77,883
NET CURRENT LIABILITIES (58,876 ) (71,402 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

205,230

192,704

CREDITORS
Amounts falling due after more than one
year

7

190,500

190,500
NET ASSETS 14,730 2,204

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,630 2,104
SHAREHOLDERS' FUNDS 14,730 2,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

STORY LETTINGS LIMITED (REGISTERED NUMBER: 10557045)

STATEMENT OF FINANCIAL POSITION - continued
31 January 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 23 October 2023 and were signed on its behalf by:





C A Story - Director


STORY LETTINGS LIMITED (REGISTERED NUMBER: 10557045)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Story Lettings 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2022 - NIL).

STORY LETTINGS LIMITED (REGISTERED NUMBER: 10557045)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 264,106
NET BOOK VALUE
At 31 January 2023 264,106
At 31 January 2022 264,106

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 366 366

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 2,937 895
Other creditors 76,988 76,988
79,925 77,883

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 190,500 190,500

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 190,500 190,500

Paragon Mortgages (2010) Ltd and The Mortgage Works (UK) PLC hold charges dated 16/08/2017 and 20/09/2019 over the investment properties held by the company.

9. ULTIMATE CONTROLLING PARTY

The controlling party is C A Story.