131 St Johns Hill Limited is a private company limited by shares incorporated in England and Wales. The registered office can be found on the Company Information page.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The average monthly number of persons (including directors) employed by the company during the year was:
Cost or valuation at 31 January 2023 is represented by:
Included within bank loans is a BBLS of £37,963. The term is 6 years, inclusive of a 12 month interest free period which is subsidised by the government in full. It attracts a fixed interest rate of 2.50% from the 13th month.
Silverstream Loan of £175,000 (2023: £nil). The loan is secured by a fixed and floating charge on the company's assets and undertaking.
Silverstream Loan of £215,000 (2023: £nil). The loan is secured by a floating charge on the company's assets and undertaking. The charge contains a negative pledge.
Silverstream Loan of £1,145,000 (2023: £nil). The loan is secured by a floating charge on the company's assets and undertaking. The charge contains a negative pledge.
Landbay Loan of £236,062 (2023: £236,062). The loan is secured by a fixed and floating charge on the company's assets and undertaking.
Landbay Loan of £191,580 (2023: £nil). The loan is secured by a fixed charge on the company's assets and undertaking. The charge contains a negative pledge.
Hampshire Trust Bank Loan of £2,157,688 (2023: £nil). The loan is secured by a fixed charge on the company's assets and undertaking. The charge contains a negative pledge.
Shawbrook Loan of £5,623,400 (2023: £nil). The loan is secured by a fixed charge on the company's assets and undertaking. The charge contains a negative pledge.
Landbay Loan of £267,750 (2023: £nil). The loan is secured by a fixed charge on the company's assets and undertaking. The charge contains a negative pledge.
Lloyds Loan of £nil (2023: £114,316). The loan is secured by a fixed and floating charge on the company's assets and undertaking.
Silverstream Loan of £nil (2023: £330,908). The loan is secured by a fixed and floating charge on the company's assets and undertaking.
The following loans have been repaid in the year and are satisfied:
Lloyds Loan of £nil (2023: £310,240).
Lloyds Loan of £nil (2023: £688,384).
Lloyds Loan of £nil (2023: £493,710).
Lloyds Loan of £nil (2023: £2,302,767).
Lloyds Loan of £nil (2023: £118,374).
Lendhub Loan of £nil (2023: £189,000).
Silverstream Loan of £nil (2023: £360,975).
The transfer from retained earnings comprises of £1,944,293 revaluation gain on the investment property, offset by the deferred tax impact of £486,073
At the balance sheet date the company was owed £2,848 (2023: £2,848) by the director. This amount was repaid within 9 months of the year end.