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REGISTERED NUMBER: 13135176 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st January 2023

for

ST HELEN PROPERTY LTD

ST HELEN PROPERTY LTD (REGISTERED NUMBER: 13135176)






Contents of the Financial Statements
FOR THE YEAR ENDED 31ST JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ST HELEN PROPERTY LTD

Company Information
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTORS: Mr J D Chittapalli
Mrs N Syrus Joseph





REGISTERED OFFICE: Flat 609 Kings House 96 North Street
Barking
United Kingdom
Essex
IG11 8FH





REGISTERED NUMBER: 13135176 (England and Wales)





ACCOUNTANTS: Silver Arc
Chartered Certified Accountants
1 Quality Court
Chancery Lane
London
WC2A 1HR

ST HELEN PROPERTY LTD (REGISTERED NUMBER: 13135176)

Balance Sheet
31ST JANUARY 2023

31/1/23 31/1/22
Notes £    £   
FIXED ASSETS
Investment property 4 458,903 406,551

CURRENT ASSETS
Debtors 5 26,709 -
Cash at bank 100,136 2,236
126,845 2,236
CREDITORS
Amounts falling due within one year 6 (227,899 ) (190,983 )
NET CURRENT LIABILITIES (101,054 ) (188,747 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

357,849

217,804

CREDITORS
Amounts falling due after more than one
year

7

(383,386

)

(239,444

)
NET LIABILITIES (25,537 ) (21,640 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (25,637 ) (21,740 )
SHAREHOLDERS' FUNDS (25,537 ) (21,640 )

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

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

ST HELEN PROPERTY LTD (REGISTERED NUMBER: 13135176)

Balance Sheet - continued
31ST 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 31st January 2024 and were signed on its behalf by:





Mrs N Syrus Joseph - Director


ST HELEN PROPERTY LTD (REGISTERED NUMBER: 13135176)

Notes to the Financial Statements
FOR THE YEAR ENDED 31ST JANUARY 2023

1. STATUTORY INFORMATION

St Helen Property 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.

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.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 HELEN PROPERTY LTD (REGISTERED NUMBER: 13135176)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

2. ACCOUNTING POLICIES - continued

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2022 406,551
Additions 52,352
At 31st January 2023 458,903
NET BOOK VALUE
At 31st January 2023 458,903
At 31st January 2022 406,551

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Amounts owed by associates 22,300 -
Other debtors 4,409 -
26,709 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Bank loans and overdrafts 9,940 5,098
Amounts owed to associates 14,646 -
Other creditors 203,313 185,885
227,899 190,983

ST HELEN PROPERTY LTD (REGISTERED NUMBER: 13135176)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/23 31/1/22
£    £   
Bank loans 383,386 239,444

8. RELATED PARTY DISCLOSURES

Mrs Neera Syrus Joseph and Mr Jitto David Chittapalli have participating interest in the company. As of 31st January 2023 company owes £99,280 and £86,153 to the above directors respectively.