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REGISTERED NUMBER: 06630396 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

GREAT SUTTON STREET LIMITED

GREAT SUTTON STREET LIMITED (REGISTERED NUMBER: 06630396)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GREAT SUTTON STREET LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: C M Macklin





REGISTERED OFFICE: Beckwith Barn
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT





REGISTERED NUMBER: 06630396 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Beckwith Barn
Warren Estate
Lordship Road
Chelmsford
Essex
CM1 3WT

GREAT SUTTON STREET LIMITED (REGISTERED NUMBER: 06630396)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - -
Investment property 6 340,792 333,332
340,792 333,332

CURRENT ASSETS
Debtors 7 3,441 877
Cash at bank 1,824 20,883
5,265 21,760
CREDITORS
Amounts falling due within one year 8 359,201 368,805
NET CURRENT LIABILITIES (353,936 ) (347,045 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,144

)

(13,713

)

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (13,244 ) (13,813 )
SHAREHOLDERS' FUNDS (13,144 ) (13,713 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 14 January 2025 and were signed by:




C M Macklin - Director


GREAT SUTTON STREET LIMITED (REGISTERED NUMBER: 06630396)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Great Sutton Street 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 functional and presentation currency of the financial statements is the Pound Sterling (£).

Monetary amounts in these financial statements are rounded to the nearest Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
At the balance sheet date the company had net liabilities which is represented by amounts owed to the director.

The director has considered the cashflow requirements of the company for a period of twelve months from the date of approval of these financial statements and is satisfied that sufficient financial resources will continue to be made.

Accordingly these financial statements have been prepared on a going concern basis.

Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable.

Turnover is recognised when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met.

Turnover represents rental income received. Turnover is recognised over the period the rental is generated.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - Over the period of the lease
Fixtures and fittings - 33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses.

Tangible fixed asset depreciation is included in administrative expenses in the income statement.

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.

GREAT SUTTON STREET LIMITED (REGISTERED NUMBER: 06630396)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. ACCOUNTING POLICIES - continued

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, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method; Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Taxation
Taxation for the year comprises current 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 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 99,996 1,003 100,999
DEPRECIATION
At 1 July 2023
and 30 June 2024 99,996 1,003 100,999
NET BOOK VALUE
At 30 June 2024 - - -
At 30 June 2023 - - -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 333,332
Additions 7,460
At 30 June 2024 340,792
NET BOOK VALUE
At 30 June 2024 340,792
At 30 June 2023 333,332

GREAT SUTTON STREET LIMITED (REGISTERED NUMBER: 06630396)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. INVESTMENT PROPERTY - continued

The investment property was purchased on 26 January 2022. The fair value of the property at 30 June 2024 has been arrived at on the basis of a valuation carried out by Mr C Macklin, a director of the company who is not a professionally qualified valuer. The valuation was arrived at by reference to market evidence of transaction prices for similar commercial properties situated within the same location, which the director considers to give a fair value of the investment property held.

The historical cost of the investment property was £340,792. No depreciation was charged.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,441 877

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 127 3,371
Other creditors 359,074 365,434
359,201 368,805

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100

10. DIRECTORS' CREDITS

Included within other creditors at the balance sheet date is an amount of £357,641 (2023: £362,311) due to the director of the company.