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REGISTERED NUMBER: 05524854 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

COLLEGE STREET PROPERTIES LIMITED

COLLEGE STREET PROPERTIES LIMITED (REGISTERED NUMBER: 05524854)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


COLLEGE STREET PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: James Andrew Brackenbury
Eamonn Michael Killoughery





SECRETARY: Susan Veronica Killoughery





REGISTERED OFFICE: Unit 2
Varity Park
Vicarage Farm Road
Peterborough
Cambridgeshire
PE1 5GU





REGISTERED NUMBER: 05524854 (England and Wales)





ACCOUNTANTS: TC Group
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

COLLEGE STREET PROPERTIES LIMITED (REGISTERED NUMBER: 05524854)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 5 33 33
Investment property 6 3,691,128 3,691,128
3,691,161 3,691,161

CURRENT ASSETS
Stocks 67,079 65,661
Debtors 7 138,598 130,475
Cash at bank 11,336 18,428
217,013 214,564
CREDITORS
Amounts falling due within one year 8 2,461,759 2,442,327
NET CURRENT LIABILITIES (2,244,746 ) (2,227,763 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,446,415 1,463,398

CREDITORS
Amounts falling due after more than
one year

9

866,667

896,403
NET ASSETS 579,748 566,995

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 579,747 566,994
SHAREHOLDERS' FUNDS 579,748 566,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

COLLEGE STREET PROPERTIES LIMITED (REGISTERED NUMBER: 05524854)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 1 February 2024 and were signed on its behalf by:





James Andrew Brackenbury - Director


COLLEGE STREET PROPERTIES LIMITED (REGISTERED NUMBER: 05524854)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

College Street Properties 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

Stocks
Stock is stated at the lower of cost and net realisable value. Work in progress comprises direct materials, labour costs, site overheads, associated professional charges and other attributable overheads. Net realisable value represents the estimated selling prices less all estimated cots of completion.

Basic 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 October 2022
and 30 September 2023 33
NET BOOK VALUE
At 30 September 2023 33
At 30 September 2022 33

COLLEGE STREET PROPERTIES LIMITED (REGISTERED NUMBER: 05524854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 3,691,128
NET BOOK VALUE
At 30 September 2023 3,691,128
At 30 September 2022 3,691,128

The directors consider the market value of the investment properties at the year end to be £3,691,128 (2022 - £3,691,128). The historical cost of the investment properties is £3,691,128.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,820 (1,400 )
Other debtors 132,778 131,875
138,598 130,475

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 29,033 61,884
Trade creditors 20,735 13,796
Taxation and social security 3,488 9,209
Other creditors 2,408,503 2,357,438
2,461,759 2,442,327

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 10) 866,667 896,403

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 29,033 61,884

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 39,736

Amounts falling due between two and five years:
Bank loans - 2-5 years 856,667 856,667

COLLEGE STREET PROPERTIES LIMITED (REGISTERED NUMBER: 05524854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 895,700 958,287

The bank loans are secured on the company's properties.

There is an unlimited omnibus guarantee and set off agreement in respect of the liabilities now or hereafter, owing or incurred from or by College Street Properties Limited, GKL Holdings Limited, GKL Buildings and Civil Engineering Limited and GKL Northern Limited.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Eamonn Michael Killoughery.