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Company Registration No. 12000737 (England and Wales)
34 ST EGBERTS WAY LTD Unaudited accounts for the period from 1 June 2022 to 30 May 2023
34 ST EGBERTS WAY LTD Unaudited accounts Contents
Page
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34 ST EGBERTS WAY LTD Company Information for the period from 1 June 2022 to 30 May 2023
Director
Iqbal Suleman
Company Number
12000737 (England and Wales)
Registered Office
72 GREAT SUFFOLK STREET LONDON SE1 0BL ENGLAND
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34 ST EGBERTS WAY LTD Statement of financial position as at 30 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
400,000 
- 
Current assets
Debtors
206,861 
- 
Cash at bank and in hand
53,880 
- 
260,741 
- 
Net current assets
260,741 
- 
Total assets less current liabilities
660,741 
- 
Creditors: amounts falling due after more than one year
(320,000)
- 
Provisions for liabilities
Deferred tax
(68,840)
- 
Net assets
271,901 
- 
Capital and reserves
Profit and loss account
271,901 
- 
Shareholders' funds
271,901 
- 
For the period ending 30 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 August 2024 and were signed on its behalf by
Iqbal Suleman Director Company Registration No. 12000737
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34 ST EGBERTS WAY LTD Notes to the Accounts for the period from 1 June 2022 to 30 May 2023
1
Statutory information
34 ST EGBERTS WAY LTD is a private company, limited by shares, registered in England and Wales, registration number 12000737. The registered office is 72 GREAT SUFFOLK STREET, LONDON, SE1 0BL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the period from 1 June 2022 to 30 May 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2023 
£ 
Additions
55,849 
Net gain from fair value adjustments
344,151 
At 30 May 2023
400,000 
The valuations were made by external valuers, on an open market value for existing use basis.
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
206,861 
- 
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34 ST EGBERTS WAY LTD Notes to the Accounts for the period from 1 June 2022 to 30 May 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
320,000 
- 
7
Deferred taxation
2023 
2022 
£ 
£ 
Revaluation of investment property
68,840 
- 
2023 
2022 
£ 
£ 
Charged to the profit and loss account
68,840 
- 
Provision at end of period
68,840 
- 
8
Average number of employees
During the period the average number of employees was 1 (2022: 1).
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