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25 RODNEY STREET LIMITED

Unaudited Financial Statements

for the Period 1st February 2023 to 26th January 2024






25 RODNEY STREET LIMITED (REGISTERED NUMBER: 09405244)






Contents of the Financial Statements
for the period 1st February 2023 to 26th January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


25 RODNEY STREET LIMITED

Company Information
for the period 1st February 2023 to 26th January 2024







DIRECTORS: Mrs M C McLean
T A McLean





REGISTERED OFFICE: Pacific Chambers, 11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ





REGISTERED NUMBER: 09405244 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

25 RODNEY STREET LIMITED (REGISTERED NUMBER: 09405244)

Balance Sheet
26th January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,710 5,842
Investment property 5 545,070 545,070
549,780 550,912

CURRENT ASSETS
Debtors 6 7,569 452
Cash at bank 10,193 2,119
17,762 2,571
CREDITORS
Amounts falling due within one year 7 282,053 243,717
NET CURRENT LIABILITIES (264,291 ) (241,146 )
TOTAL ASSETS LESS CURRENT LIABILITIES 285,489 309,766

CREDITORS
Amounts falling due after more than one
year

8

144,957

171,455
NET ASSETS 140,532 138,311

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 140,530 138,309
SHAREHOLDERS' FUNDS 140,532 138,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 26th January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 26th January 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.

25 RODNEY STREET LIMITED (REGISTERED NUMBER: 09405244)

Balance Sheet - continued
26th January 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th January 2025 and were signed on its behalf by:





T A McLean - Director


25 RODNEY STREET LIMITED (REGISTERED NUMBER: 09405244)

Notes to the Financial Statements
for the period 1st February 2023 to 26th January 2024

1. STATUTORY INFORMATION

25 Rodney 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

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.

Taxation
Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 4 ) .

25 RODNEY STREET LIMITED (REGISTERED NUMBER: 09405244)

Notes to the Financial Statements - continued
for the period 1st February 2023 to 26th January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2023 26,947
Additions 439
At 26th January 2024 27,386
DEPRECIATION
At 1st February 2023 21,105
Charge for period 1,571
At 26th January 2024 22,676
NET BOOK VALUE
At 26th January 2024 4,710
At 31st January 2023 5,842

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2023
and 26th January 2024 545,070
NET BOOK VALUE
At 26th January 2024 545,070
At 31st January 2023 545,070

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 7,569 452

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,388 27,328
Trade creditors 9,570 13,113
Taxation and social security 4,945 5,604
Other creditors 239,150 197,672
282,053 243,717

25 RODNEY STREET LIMITED (REGISTERED NUMBER: 09405244)

Notes to the Financial Statements - continued
for the period 1st February 2023 to 26th January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 144,957 171,455

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £ 1 2 2

10. RESERVES
Retained
earnings
£   

At 1st February 2023 138,309
Profit for the period 2,221
At 26th January 2024 140,530

11. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £306 owed to the directors at the year end.