REGISTERED NUMBER: |
St John Street Property Services Limited |
Unaudited Financial Statements |
for the Year Ended 31 December 2022 |
REGISTERED NUMBER: |
St John Street Property Services Limited |
Unaudited Financial Statements |
for the Year Ended 31 December 2022 |
St John Street Property Services Limited (Registered number: 11719868) |
Contents of the Financial Statements |
for the Year Ended 31 December 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
St John Street Property Services Limited |
Company Information |
for the Year Ended 31 December 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Middlesex House |
Rutherford Close |
Stevenage |
Hertfordshire |
SG1 2EF |
St John Street Property Services Limited (Registered number: 11719868) |
Balance Sheet |
31 December 2022 |
2022 | 2021 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
St John Street Property Services Limited (Registered number: 11719868) |
Notes to the Financial Statements |
for the Year Ended 31 December 2022 |
1. | STATUTORY INFORMATION |
St John Street Property Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 3 Middlesex House, Rutherford Close, Stevenage, Hertfordshire, SG1 2EF. |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. |
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. |
The following principal accounting policies have been applied: |
INCOME AND EXPENDITURE |
The company has no income or expenditure in its own right. Under the terms of their leases the costs of the Company's activities in managing and maintaining 156-176 St John Street, London, EC1 are met in full by the lessees and accordingly the Company makes neither a profit or loss on these activities. Income and expenditure arising from these transactions are shown in separate service charge accounts for the property that do not form part of the annual accounts of the company. |
DEBTORS |
Short-term debtors are measured at transaction price, less any impairment. |
LAND AND BUILDINGS |
The freehold interest in 156 - 176 St John Street, London, EC1 was transferred to the company in an earlier year. The freehold interest is subject to existing 125/999 year leases to the Tenants which were granted in 2011. The company’s freehold interest is shown at cost and has not been revalued in the year. |
CREDITORS |
Short-term creditors are measured at the transaction price. |
FINANCIAL INSTRUMENTS |
The Company only enters into basic financial instrument 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 ordinary shares. |
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
St John Street Property Services Limited (Registered number: 11719868) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
4. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST |
At 1 January 2022 |
and 31 December 2022 |
NET BOOK VALUE |
At 31 December 2022 |
At 31 December 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: |
Class: |
Nominal value: |
2022 |
2021 |
£ | £ |
69 | Ordinary shares | 1 | 69 | 69 |
69 | 69 |
8. | CONTINGENT LIABILITIES |
The company has granted a debenture for a sum up to £500,000 for borrowings that would become payable on recovery of any sums towards its building cladding costs or repayable from future service charges charged to the other lessees. |