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REGISTERED NUMBER: 11015978 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Streamline Properties Limited

Streamline Properties Limited (Registered number: 11015978)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Streamline Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: N S Gomez
Miss A M Gwizdala





REGISTERED OFFICE: Creedwell House
32 Creedwell Orchard
Taunton
TA4 1JY





REGISTERED NUMBER: 11015978 (England and Wales)





ACCOUNTANTS: Norton Accountancy Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG

Streamline Properties Limited (Registered number: 11015978)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 129,005 114,216

CURRENT ASSETS
Debtors 5 109,883 120,333
Cash at bank 3,403 9,574
113,286 129,907
CREDITORS
Amounts falling due within one year 6 (146,911 ) (223,179 )
NET CURRENT LIABILITIES (33,625 ) (93,272 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,380

20,944

CREDITORS
Amounts falling due after more than one
year

7

(74,172

)

-
NET ASSETS 21,208 20,944

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 59,350 50,000
Retained earnings 8 (38,242 ) (29,156 )
21,208 20,944

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Streamline Properties Limited (Registered number: 11015978)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 16 November 2024 and were signed on its behalf by:





Miss A M Gwizdala - Director


Streamline Properties Limited (Registered number: 11015978)

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

1. STATUTORY INFORMATION

Streamline Properties 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 ) .

Streamline Properties Limited (Registered number: 11015978)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 112,000 4,811 116,811
Additions 5,650 343 5,993
Revaluations 9,350 - 9,350
At 31 March 2024 127,000 5,154 132,154
DEPRECIATION
At 1 April 2023 - 2,595 2,595
Charge for year - 554 554
At 31 March 2024 - 3,149 3,149
NET BOOK VALUE
At 31 March 2024 127,000 2,005 129,005
At 31 March 2023 112,000 2,216 114,216

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2024 15,000 - 15,000
Cost 112,000 5,154 117,154
127,000 5,154 132,154

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 100,983 111,433
Other debtors 8,900 8,900
109,883 120,333

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 40,309 120,463
Trade creditors 532 388
Amounts owed to group undertakings 1,186 1,711
Social security and other taxes 414 433
Other creditors 17,261 16,081
Directors' current accounts 86,519 83,413
Accruals and deferred income 690 690
146,911 223,179

Streamline Properties Limited (Registered number: 11015978)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Mortgage 74,172 -

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 (29,156 ) 50,000 20,844
Deficit for the year (9,086 ) (9,086 )
Revaluation - 9,350 9,350
At 31 March 2024 (38,242 ) 59,350 21,108

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date the company owed the directors £86,519 - (2023 - £83,413).