Registered number
04464575
Surrey Street Investments Limited
Filleted Accounts
30 June 2023
Surrey Street Investments Limited
Registered number: 04464575
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 - 2,000
Investments held as current assets 4 185,199 172,785
Cash at bank and in hand 8,900 7,872
194,099 182,657
Creditors: amounts falling due within one year 5 (7,812) (13,260)
Net current assets 186,287 169,397
Net assets 186,287 169,397
Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 4,314 (8,325)
Profit and loss account 181,873 177,622
Shareholders' funds 186,287 169,397
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S R Craft
Director
Approved by the board on 5 March 2024
Surrey Street Investments Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Trade debtors - 2,000
4 Investments held as current assets 2023 2022
£ £
Fair value
Listed investments 185,199 172,785
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 12,639 (11,768)
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 173 173
Other creditors 7,639 13,087
7,812 13,260
6 Revaluation reserve 2023 2022
£ £
At 1 July 2022 (8,325) (8,325)
Gain on revaluation of listed investments 12,639 -
At 30 June 2023 4,314 (8,325)
7 Controlling party
The company considers the director to be its controlling party.
8 Other information
Surrey Street Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Brokes Road
Reigate
Surrey
RH2 9LJ
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