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REGISTERED NUMBER: 08561625 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 30 June 2023

for

SRTU Limited

SRTU Limited (Registered number: 08561625)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


SRTU Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: T M Unwin
S Rimmer





REGISTERED OFFICE: Boundary Plant
Hammond Road
Knowsley Industrial Park
Liverpool
L33 7UL





REGISTERED NUMBER: 08561625 (England and Wales)





ACCOUNTANTS: M P Greaves Limited
Chartered Certified Accountants
74 Marmot Road
Liverpool
Merseyside
L37 6GB

SRTU Limited (Registered number: 08561625)

Report of the Directors
for the Year Ended 30 June 2023

The directors present their report with the financial statements of the company for the year ended 30 June 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property letting.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2022 to the date of this report.

T M Unwin
S Rimmer

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





T M Unwin - Director


21 February 2024

SRTU Limited (Registered number: 08561625)

Income Statement
for the Year Ended 30 June 2023

30.6.23 30.6.22
£    £   

TURNOVER 51,777 53,592

Administrative expenses 17,111 17,310
34,666 36,282

Other operating income - 26,892
Gain/loss on revaluation of assets 39,645 156,034
OPERATING PROFIT 74,311 219,208

Interest receivable and similar income 22 -
74,333 219,208

Interest payable and similar expenses 25,775 20,724
PROFIT BEFORE TAXATION 48,558 198,484

Tax on profit 1,693 6,480
PROFIT FOR THE FINANCIAL YEAR 46,865 192,004

SRTU Limited (Registered number: 08561625)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 630,968 590,968

CURRENT ASSETS
Debtors 5 7,820 4,765
Investments 6 1,645 2,000
Cash at bank 80,876 98,448
90,341 105,213
CREDITORS
Amounts falling due within one year 7 123,461 129,447
NET CURRENT LIABILITIES (33,120 ) (24,234 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

597,848

566,734

CREDITORS
Amounts falling due after more than one
year

8

220,943

236,694
NET ASSETS 376,905 330,040

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 376,903 330,038
SHAREHOLDERS' FUNDS 376,905 330,040

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

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

SRTU Limited (Registered number: 08561625)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





T M Unwin - Director


SRTU Limited (Registered number: 08561625)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

SRTU 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.

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 as modified by the revaluation of certain assets.

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.
Land and buildings - not provided

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 2 (2022 - 2 ) .

SRTU Limited (Registered number: 08561625)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 July 2022 590,968
Revaluations 40,000
At 30 June 2023 630,968
NET BOOK VALUE
At 30 June 2023 630,968
At 30 June 2022 590,968

Cost or valuation at 30 June 2023 is represented by:

Land and
buildings
£   
Valuation in 2017 33,397
Valuation in 2020 (5,000 )
Valuation in 2021 60,968
Valuation in 2022 156,034
Valuation in 2023 40,000
Cost 345,569
630,968

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 345,569 345,569

Freehold land and buildings were valued on an open market basis on 30 June 2023 by T Unwin, Company Director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 5,665 2,610
Other debtors 2,155 2,155
7,820 4,765

6. CURRENT ASSET INVESTMENTS
30.6.23 30.6.22
£    £   
Listed investments 1,645 2,000

SRTU Limited (Registered number: 08561625)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 82,030 14,264
Taxation and social security 1,693 7,451
Other creditors 39,738 107,732
123,461 129,447

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 220,943 236,694

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 160,911 179,642