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REGISTERED NUMBER: 11157096 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 January 2024

for

St Neots Property Co Limited

St Neots Property Co Limited (Registered number: 11157096)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


St Neots Property Co Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: K D Alliban





REGISTERED OFFICE: The Limes
32 Bridge Street
Thetford
Norfolk
IP24 3AG





REGISTERED NUMBER: 11157096 (England and Wales)





ACCOUNTANTS: Knights Lowe
Chartered Accountants
The Limes
32 Bridge Street
Thetford
Norfolk
IP24 3AG

St Neots Property Co Limited (Registered number: 11157096)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 320,000 325,000

CURRENT ASSETS
Cash at bank 19,813 15,392

CREDITORS
Amounts falling due within one year 5 103,323 102,982
NET CURRENT LIABILITIES (83,510 ) (87,590 )
TOTAL ASSETS LESS CURRENT LIABILITIES 236,490 237,410

CREDITORS
Amounts falling due after more than one year 6 (214,975 ) (214,975 )

PROVISIONS FOR LIABILITIES 8 (1,939 ) (3,801 )
NET ASSETS 19,576 18,634

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 8,264 11,402
Retained earnings 11,212 7,132
SHAREHOLDERS' FUNDS 19,576 18,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

St Neots Property Co Limited (Registered number: 11157096)

Balance Sheet - continued
31 January 2024


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 director and authorised for issue on 7 October 2024 and were signed by:





K D Alliban - Director


St Neots Property Co Limited (Registered number: 11157096)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

St Neots Property Co 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.

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 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.

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from banks or other related parties.

(i) Financial assets

Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at market rate of interest.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at market rate of interest.

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.


St Neots Property Co Limited (Registered number: 11157096)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 325,000
Revaluations (5,000 )
At 31 January 2024 320,000
NET BOOK VALUE
At 31 January 2024 320,000
At 31 January 2023 325,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 10,203
Cost 309,797
320,000

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

2024 2023
£    £   
Cost 309,797 309,797

Investment property was valued on an open market basis on 31 January 2024 by the Director .

St Neots Property Co Limited (Registered number: 11157096)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 341 -
Other creditors 102,982 102,982
103,323 102,982

Other creditors includes £102,166 (2023 - £102,166) due to a connected company.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 214,975 214,975

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 214,975 214,975

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 214,975 214,975

The Bank loan is secured on the property to which it relates

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 1,939 3,801

Deferred
tax
£   
Balance at 1 February 2023 3,801
Provided during year (1,862 )
Balance at 31 January 2024 1,939

St Neots Property Co Limited (Registered number: 11157096)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 February 2023 11,402
Revaluation (5,000 )
Transfers 1,862

At 31 January 2024 8,264