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REGISTERED NUMBER: 13706420 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

46 LOWER STREET LTD

46 LOWER STREET LTD (REGISTERED NUMBER: 13706420)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


46 LOWER STREET LTD

COMPANY INFORMATION
for the year ended 31 OCTOBER 2023







DIRECTORS: R T Gibbard
D W Weager





REGISTERED OFFICE: 1 High Street
Thatcham
RG19 3JG





REGISTERED NUMBER: 13706420 (England and Wales)





ACCOUNTANTS: C B Heslop & Company Limited
Chartered Accountants
1 High Street
Thatcham
Berks
RG19 3JG

46 LOWER STREET LTD (REGISTERED NUMBER: 13706420)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 235,000 235,000

CURRENT ASSETS
Cash at bank 1,389 2,281

CREDITORS
Amounts falling due within one year 5 84,095 85,297
NET CURRENT LIABILITIES (82,706 ) (83,016 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,294

151,984

CREDITORS
Amounts falling due after more than one
year

6

141,171

147,833
NET ASSETS 11,123 4,151

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 11,117 4,145
11,123 4,151

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

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

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 11 April 2024 and were signed on its behalf by:



R T Gibbard - Director


46 LOWER STREET LTD (REGISTERED NUMBER: 13706420)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 OCTOBER 2023

1. STATUTORY INFORMATION

46 Lower Street 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 November 2022
and 31 October 2023 235,000
NET BOOK VALUE
At 31 October 2023 235,000
At 31 October 2022 235,000

46 LOWER STREET LTD (REGISTERED NUMBER: 13706420)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 OCTOBER 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 8,889 8,889
Amounts owed to group undertakings 7,396 4,714
Taxation and social security 1,636 972
Other creditors 66,174 70,722
84,095 85,297

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 141,171 147,833

Amounts falling due in more than five years:

Repayable by instalments
Mortgage 105,615 112,277

7. RELATED PARTY DISCLOSURES

At the year end the company owed £7,396 (2022 - £4,714) to Cotswold Lettings Management Limited who is controlled by the directors.

8. REGISTRATION CHARGE

There is a registration of a charge by Charter Court Financial Services Limited on the property at 46 Lower Street, Stroud, Glocestershire, GL5 2HS.