St James' Central Investments Limited |
Registered number: |
09543011 |
Balance Sheet |
as at 30 September 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Current assets |
Debtors |
5 |
|
911,582 |
|
|
911,582 |
|
Creditors: amounts falling due within one year |
6 |
|
(883,283) |
|
|
(883,283) |
|
Net current assets |
|
|
|
28,299 |
|
|
28,299 |
|
Net assets |
|
|
|
28,299 |
|
|
28,299 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
25,215 |
|
|
25,215 |
Profit and loss account |
|
|
|
3,084 |
|
|
3,084 |
|
Shareholders' funds |
|
|
|
28,299 |
|
|
28,299 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
R W Kalbraier |
Director |
Approved by the board on 12 November 2024 |
|
St James' Central Investments Limited |
Notes to the Accounts |
for the year ended 30 September 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Amortisation is provided on all intangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Website costs |
33% straight line |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Computer equipment |
33% straight line |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
3 |
Intangible fixed assets |
|
|
|
|
|
|
|
|
Website costs |
£ |
|
Cost |
|
At 1 October 2022 |
1,681 |
|
At 30 September 2023 |
1,681 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 October 2022 |
1,681 |
|
At 30 September 2023 |
1,681 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2023 |
- |
|
At 30 September 2022 |
- |
|
|
4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Computer equipment |
£ |
|
Cost |
|
At 1 October 2022 |
1,401 |
|
At 30 September 2023 |
1,401 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2022 |
1,401 |
|
At 30 September 2023 |
1,401 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2023 |
- |
|
At 30 September 2022 |
- |
|
|
5 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Other debtors |
911,582 |
|
911,582 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Other creditors |
883,283 |
|
883,283 |
|
|
|
|
|
|
|
|
|
|
7 |
Called up share capital |
2023 |
|
2022 |
|
2023 |
|
2022 |
No. |
No. |
£ |
£ |
|
Ordinary share capital issued |
|
and not fully paid |
|
Redeemable ordinary shares of 1p each |
2,520,468 |
|
2,520,468 |
|
25,205 |
|
25,205 |
|
Preferred ordinary shares of 1p each |
1,000 |
|
1,000 |
|
10 |
|
10 |
|
|
|
|
|
|
|
25,215 |
|
25,215 |
|
|
|
|
|
|
|
|
|
|
1,000 Preferred ordinary shares are allotted and issued but not fully paid. The redeemable ordinary shares can be redeemed at the oprtion of the company at any time after 1 January 2016. |
|
|
8 |
Related party transactions |
|
|
During the year, the company received interest totalling £61,830 (2022 - £61,830) from related parties and paid interest totalling £61,830 (2022 - £61,830) to related parties. At the year end, the company was owed £911,572 (2022 - £911,572) from related parties. The amounts outstanding are unsecured and will be settled in cash. Amounts due from related parties carry interest of 7% per annum charged on the outstanding balance. |
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9 |
Other information |
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St James' Central Investments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Blue House |
|
Great North Road |
|
Jesmond |
|
Newcastle upon tyne |
|
NE2 3NH |