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REGISTERED NUMBER: 14125370 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

36-37 GREAT RUSSELL STREET LTD

36-37 GREAT RUSSELL STREET LTD (REGISTERED NUMBER: 14125370)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


36-37 GREAT RUSSELL STREET LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs O Weinberger
Mr H Maymon
Mr G Ben Zion
Mr I Klienman





REGISTERED OFFICE: Buckingham House 2nd Floor
45 Vivian Avenue
London
NW4 3XA





REGISTERED NUMBER: 14125370 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

36-37 GREAT RUSSELL STREET LTD (REGISTERED NUMBER: 14125370)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
CURRENT ASSETS
Stocks 6,440,153 5,191,860
Debtors 4 411,788 2,914
Cash at bank 87,247 1,852
6,939,188 5,196,626
CREDITORS
Amounts falling due within one year 5 (6,950,304 ) (5,200,401 )
NET CURRENT LIABILITIES (11,116 ) (3,775 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,116 ) (3,775 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (11,216 ) (3,875 )
SHAREHOLDERS' FUNDS (11,116 ) (3,775 )

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

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

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 14 November 2024 and were signed on its behalf by:





Mr H Maymon - Director


36-37 GREAT RUSSELL STREET LTD (REGISTERED NUMBER: 14125370)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

36-37 Great Russell Street 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.

The directors report net current liabilities of £10,841 (2023: £3,775) and confirm that the controlling parties will continue to support the company.

Due to the above the director believes that it is appropriate for the financial statements to be prepared on a going concern basis.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 4 (2023 - 4 ) .

36-37 GREAT RUSSELL STREET LTD (REGISTERED NUMBER: 14125370)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 411,788 2,914

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts (see note 6) 4,460,000 2,847,018
Amounts owed to group undertakings 2,487,964 2,351,043
Other creditors 2,340 2,340
6,950,304 5,200,401

6. LOANS

An analysis of the maturity of loans is given below:

31.5.24 31.5.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,460,000 2,847,018

7. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 4,460,000 2,847,018

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The company is jointly owned by Hoze Holdings Limited and IKB Limited with the shareholdings of 50% and 50% respectively.

Hoze Holdings Limited is controlled by Orly Weinberger and Haim Maymon.