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REGISTERED NUMBER: 00472754 (England and Wales)









AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

JOHN STREET & COMPANY(SURREY)LIMITED

JOHN STREET & COMPANY(SURREY)LIMITED (REGISTERED NUMBER: 00472754)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


JOHN STREET & COMPANY(SURREY)LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: P J French
A M Munday
R H McCullough





SECRETARY: A M Munday





REGISTERED OFFICE: Suite 2
West Hill House
West Hill
Epsom
Surrey
KT19 8JD





REGISTERED NUMBER: 00472754 (England and Wales)





AUDITORS: Hartley Fowler LLP
Statutory Auditors
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

JOHN STREET & COMPANY(SURREY)LIMITED (REGISTERED NUMBER: 00472754)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 5 2,110 1,732
Investment property 6 86,400 86,400
88,510 88,132

CURRENT ASSETS
Debtors 7 37,555,288 47,535,747
Cash at bank 4,661 4,660
37,559,949 47,540,407
CREDITORS
Amounts falling due within one year 8 35,931,108 45,905,644
NET CURRENT ASSETS 1,628,841 1,634,763
TOTAL ASSETS LESS CURRENT LIABILITIES 1,717,351 1,722,895

PROVISIONS FOR LIABILITIES 9 384 290
NET ASSETS 1,716,967 1,722,605

CAPITAL AND RESERVES
Called up share capital 10 2,000 2,000
Fair value reserve 11 1,154 870
Retained earnings 11 1,713,813 1,719,735
SHAREHOLDERS' FUNDS 1,716,967 1,722,605

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 19 March 2025 and were signed on its behalf by:





A M Munday - Director


JOHN STREET & COMPANY(SURREY)LIMITED (REGISTERED NUMBER: 00472754)

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


1. STATUTORY INFORMATION

John Street & Company(Surrey)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. 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 as modified by the revaluation of certain assets.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.

Significant judgements and estimates
In the process of applying the company's accounting policies the directors consider there to be no significant judgements or estimates that have a significant effect on the amounts recognised in the financial statements.

Turnover
Turnover represents amounts receivable for insurance commission.

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

JOHN STREET & COMPANY(SURREY)LIMITED (REGISTERED NUMBER: 00472754)

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


3. ACCOUNTING POLICIES - continued

Financial instruments

Investments
Investments in shares and bonds are stated at fair value, based on share and bond prices at the year end. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Share capital
Ordinary shares are classified as equity.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

4. EMPLOYEES AND DIRECTORS

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 June 2023 1,732
Revaluations 378
At 31 May 2024 2,110
NET BOOK VALUE
At 31 May 2024 2,110
At 31 May 2023 1,732

JOHN STREET & COMPANY(SURREY)LIMITED (REGISTERED NUMBER: 00472754)

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


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 May 2024 is represented by:

Other
investments
£   
Valuation in 2017 656,424
Valuation in 2018 2,731
Valuation in 2019 6,432
Valuation in 2020 (664,151 )
Valuation in 2021 948
Valuation in 2022 (494 )
Valuation in 2023 (158 )
Valuation in 2024 378
2,110

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 573 573

Fixed asset investments were valued on a fair value basis on 31 May 2024 by reference to share market prices .

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 86,400
NET BOOK VALUE
At 31 May 2024 86,400
At 31 May 2023 86,400

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2022 86,400

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 86,400 86,400

Investment properties were valued to fair value on 31 May 2024 by the directors.

JOHN STREET & COMPANY(SURREY)LIMITED (REGISTERED NUMBER: 00472754)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 37,550,900 47,513,803
Other debtors 4,388 21,944
37,555,288 47,535,747

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 35,916,683 45,855,031
Taxation and social security - 35,914
Other creditors 14,425 14,699
35,931,108 45,905,644

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 384 290

Deferred
tax
£   
Balance at 1 June 2023 290
Provided during year 94
Balance at 31 May 2024 384

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000
1,000 Deferred £1 1,000 1,000
2,000 2,000

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 June 2023 1,719,735 870 1,720,605
Deficit for the year (5,638 ) - (5,638 )
Reserve transfer (284 ) 284 -
At 31 May 2024 1,713,813 1,154 1,714,967

The fair value reserve arose on the revaluation of fixed asset investments and is stated net of deferred tax.

Retained earnings represents accumulated income for the year and prior periods.

JOHN STREET & COMPANY(SURREY)LIMITED (REGISTERED NUMBER: 00472754)

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


12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jonathan Askew (Senior Statutory Auditor)
for and on behalf of Hartley Fowler LLP

13. RELATED PARTY DISCLOSURES

During the year the company was charged a management charge from Renatus Property Management Limited of £2,826 (2023 £7,631).

Details of amounts due to and payable by companies under common control are shown below; the relevant amounts being included in debtors and creditors. No interest is payable or receivable on any of these balances.

Included in debtors, amounts due from fellow group undertakings, are the following balances:-

2024 2023
£    £   
Angeleon (Holdings) Limited 1,391,178 1,391,178
Phoenix Treasury Management Limited (in liquidation) - 455,698
Renatus Property Management Limited 32,335,023 41,842,948
Street Family Group of Companies Limited 3,812,308 3,812,308
Panorama Trust 6,709 6,709
Sequent (Guernsey) Limited 5,682 5,682
Total 37,550,900 47,514,523
Included in other creditors, amounts due to fellow group undertakings, are the following balances:-

2024 2023
£    £   
Carshalton Properties Limited (in liquidation) - 21,302
Erskine Road (Properties) Sutton Limited (in liquidation) - 2,662
St Phillips Garden Properties Limited (in liquidation) - 7,212,521
Stokebridge Limited (in liquidation) - 195,441
Strathurst Limited (in liquidation) - 2,422,006
Street County (Agencies) Limited (in liquidation) - 73,499
Stile Hall Properties Limited 11,496,924 11,496,924
Established Estates (Twickenham) Limited (in liquidation) - 11,637
Symons Family Group of Companies 2 Limited 7,562,010 7,562,010
Street Family Group of Companies (Holdings) Limited 16,857,749 16,857,749
Total 35,916,683 45,855,751

14. ULTIMATE CONTROLLING PARTY

At the balance sheet date, the company was a 99.9% controlled subsidiary of The Street Family Group of Companies (Holdings) Limited, a company registered in England and Wales. The ultimate parent company is The Street Family Group of Companies Limited, a company incorporated in Jersey which is controlled by a discretionary trust.