IRIS Accounts Production v24.2.0.383 12913457 director 1.10.22 30.9.23 30.9.23 false true false false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh129134572022-09-30129134572023-09-30129134572022-10-012023-09-30129134572021-09-30129134572021-10-012022-09-30129134572022-09-3012913457ns15:EnglandWales2022-10-012023-09-3012913457ns14:PoundSterling2022-10-012023-09-3012913457ns10:Director12022-10-012023-09-3012913457ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3012913457ns10:SmallEntities2022-10-012023-09-3012913457ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3012913457ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3012913457ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3012913457ns10:FullAccounts2022-10-012023-09-301291345712022-10-012023-09-3012913457ns10:OrdinaryShareClass12022-10-012023-09-3012913457ns10:RegisteredOffice2022-10-012023-09-3012913457ns5:CurrentFinancialInstruments2023-09-3012913457ns5:CurrentFinancialInstruments2022-09-3012913457ns5:ShareCapital2023-09-3012913457ns5:ShareCapital2022-09-3012913457ns5:RetainedEarningsAccumulatedLosses2023-09-3012913457ns5:RetainedEarningsAccumulatedLosses2022-09-3012913457ns5:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3012913457ns5:PatentsTrademarksLicencesConcessionsSimilar2022-10-012023-09-3012913457ns5:PatentsTrademarksLicencesConcessionsSimilar2023-09-3012913457ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3012913457ns5:WithinOneYearns5:CurrentFinancialInstruments2022-09-3012913457ns10:OrdinaryShareClass12023-09-3012913457ns5:RetainedEarningsAccumulatedLosses2022-09-3012913457ns5:RetainedEarningsAccumulatedLosses2022-10-012023-09-301291345712022-10-012023-09-30
REGISTERED NUMBER: 12913457 (England and Wales)


















Fleet Street Property Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2023






Fleet Street Property Ltd (Registered number: 12913457)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fleet Street Property Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Mr A Thomas





REGISTERED OFFICE: Poplars Barn
Garsdon
Malmesbury
Wiltshire
SN16 9NW





REGISTERED NUMBER: 12913457 (England and Wales)





ACCOUNTANTS: AMS Accountancy Limited
Delta 606
Welton Road
Delta Office Park
Swindon
Wiltshire
SN5 7XF

Fleet Street Property Ltd (Registered number: 12913457)

Balance Sheet
30 September 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Investment property 5 520,000 750,000
520,000 750,000

CURRENT ASSETS
Debtors 6 35,790 1,000
Cash at bank 6,462 81,991
42,252 82,991
CREDITORS
Amounts falling due within one year 7 (517,709 ) (499,610 )
NET CURRENT LIABILITIES (475,457 ) (416,619 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,543

333,381

PROVISIONS FOR LIABILITIES (19,520 ) (69,741 )
NET ASSETS 25,023 263,640

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 24,023 262,640
SHAREHOLDERS' FUNDS 25,023 263,640

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

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.

Fleet Street Property Ltd (Registered number: 12913457)

Balance Sheet - continued
30 September 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 director and authorised for issue on 26 September 2024 and were signed by:





Mr A Thomas - Director


Fleet Street Property Ltd (Registered number: 12913457)

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

1. STATUTORY INFORMATION

Fleet Street Property 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 as modified by the revaluation of certain assets.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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 1 (2022 - 1 ) .

Fleet Street Property Ltd (Registered number: 12913457)

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

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
Additions 12,999
Disposals (12,999 )
At 30 September 2023 -
NET BOOK VALUE
At 30 September 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 750,000
Additions 34,321
Impairments (264,321 )
At 30 September 2023 520,000
NET BOOK VALUE
At 30 September 2023 520,000
At 30 September 2022 750,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2022 367,055
Valuation in 2023 (252,575 )
Cost 405,520
520,000

If investment property had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 405,519 384,668

Investment property was valued on an open market basis on 30 September 2023 by the director based on similar sales .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 35,790 1,000

Fleet Street Property Ltd (Registered number: 12913457)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 423 9,789
Taxation and social security - 31,526
Other creditors 517,286 458,295
517,709 499,610

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 October 2022 262,640
Deficit for the year (238,617 )
At 30 September 2023 24,023

Included within retained earnings is £83,215 (2022: £297,315) which is undistributable. This amount represents the difference between the fair value at the reporting date and the cost at initial recognition of the investment property, after taking into account any relevant deferred tax liability.

10. RELATED PARTY DISCLOSURES

An interest free loan has been made to another company of which Mr A Thomas is a director. At 30th September 2023 the loan value was £24,338.38 (2022: £0). This loan is not expected to be repaid.

An interest free loan has been made from another company of which Mr A Thomas is a director. At 30th September the loan value was £60,131.50 (2022: £60,131.50).

11. POST BALANCE SHEET EVENTS

As at 30th September 2023, the company was owed a loan of £24,338 by a company under common control and this is reflected in the company's balance sheet as at 30th September 2023.

However, in the year ended 30th September 2024, an event occurred that led to this loan being reviewed and written off as unrecoverable.