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REGISTERED NUMBER: 04308309 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

STATION SELF STORAGE LTD

STATION SELF STORAGE LTD (REGISTERED NUMBER: 04308309)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


STATION SELF STORAGE LTD (REGISTERED NUMBER: 04308309)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 846,129 725,019

CURRENT ASSETS
Debtors 5 1,304,547 1,010,032
Cash at bank and in hand 64,503 154,435
1,369,050 1,164,467
CREDITORS
Amounts falling due within one year 6 366,229 375,206
NET CURRENT ASSETS 1,002,821 789,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,848,950

1,514,280

CREDITORS
Amounts falling due after more than one
year

7

(104,933

)

(37,774

)

PROVISIONS FOR LIABILITIES (180,911 ) (127,696 )
NET ASSETS 1,563,106 1,348,810

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 1,563,104 1,348,808
SHAREHOLDERS' FUNDS 1,563,106 1,348,810

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.

STATION SELF STORAGE LTD (REGISTERED NUMBER: 04308309)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 Statement of Income and Retained Earnings 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:




P Rafiq - Director



A H Rafeeq - Director


STATION SELF STORAGE LTD (REGISTERED NUMBER: 04308309)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Station Self Storage Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04308309

Registered office: 368 Forest Road
London
E17 5JF

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

STATION SELF STORAGE LTD (REGISTERED NUMBER: 04308309)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 November 2022 146,791 42,796 411,570
Additions - - 126,442
Disposals - - -
At 31 October 2023 146,791 42,796 538,012
DEPRECIATION
At 1 November 2022 - - 168,313
Charge for year - - 55,454
Eliminated on disposal - - -
At 31 October 2023 - - 223,767
NET BOOK VALUE
At 31 October 2023 146,791 42,796 314,245
At 31 October 2022 146,791 42,796 243,257

STATION SELF STORAGE LTD (REGISTERED NUMBER: 04308309)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 November 2022 948,964 6,000 1,556,121
Additions 133,205 - 259,647
Disposals (74,550 ) - (74,550 )
At 31 October 2023 1,007,619 6,000 1,741,218
DEPRECIATION
At 1 November 2022 657,125 5,664 831,102
Charge for year 60,362 84 115,900
Eliminated on disposal (51,913 ) - (51,913 )
At 31 October 2023 665,574 5,748 895,089
NET BOOK VALUE
At 31 October 2023 342,045 252 846,129
At 31 October 2022 291,839 336 725,019

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 November 2022 98,442 25,970 124,412
Additions 61,563 107,200 168,763
At 31 October 2023 160,005 133,170 293,175
DEPRECIATION
At 1 November 2022 48,146 10,512 58,658
Charge for year 17,295 18,399 35,694
At 31 October 2023 65,441 28,911 94,352
NET BOOK VALUE
At 31 October 2023 94,564 104,259 198,823
At 31 October 2022 50,296 15,458 65,754

STATION SELF STORAGE LTD (REGISTERED NUMBER: 04308309)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 94,530 84,739
Amounts owed by connected undertakings 1,123,876 918,931
Other debtors 86,141 6,362
1,304,547 1,010,032

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 18,750 64,583
Hire purchase contracts 51,527 27,712
Trade creditors 1,931 3,571
Amounts owed to connected undertakings 19,747 -
Taxation and social security 189,489 212,519
Other creditors 84,785 66,821
366,229 375,206

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 14,063 32,813
Hire purchase contracts 90,870 4,961
104,933 37,774

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 18,750 64,583

Amounts falling due between one and two years:
Bank loans - 1-2 years 14,063 18,750

Amounts falling due between two and five years:
Bank loans - 2-5 years - 14,063

STATION SELF STORAGE LTD (REGISTERED NUMBER: 04308309)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:

20232022
£   £   
Amounts owed by/(to) A H Rafeeq (Director)(19,031)(14,864)


Connected undertakings:
Gold Line Car Services Limited
R&M Meadow Investments Limited
Meadow Self Storage Limited
AHR SR Investments Limited
Station Cars London Limited
Aveley Self Storage Limited

The controlling party is A H Rafeeq.

11. CONNECTED COMPANIES

A company having the same or predominantly the same shareholders and/or Board of Directors but which is neither a parent, subsidiary, fellow subsidiary or associated company. Any trading activities between such companies have been at arm's length.