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REGISTERED NUMBER: 00772282 (England and Wales)









AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

STREET COUNTY (STOCKHOLDERS) LIMITED

STREET COUNTY (STOCKHOLDERS) LIMITED (REGISTERED NUMBER: 00772282)

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


STREET COUNTY (STOCKHOLDERS) 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: 00772282 (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

STREET COUNTY (STOCKHOLDERS) LIMITED (REGISTERED NUMBER: 00772282)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 4,864,000 4,295,100

CURRENT ASSETS
Debtors 6 928 794

CREDITORS
Amounts falling due within one year 7 3,080,297 3,137,678
NET CURRENT LIABILITIES (3,079,369 ) (3,136,884 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,784,631 1,158,216

PROVISIONS FOR LIABILITIES 8 757,191 616,036
NET ASSETS 1,027,440 542,180

CAPITAL AND RESERVES
Called up share capital 9 200 200
Fair value reserve 10 256,979 (166,486 )
Retained earnings 10 770,261 708,466
SHAREHOLDERS' FUNDS 1,027,440 542,180

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 19 March 2025 and were signed on its behalf by:





A M Munday - Director


STREET COUNTY (STOCKHOLDERS) LIMITED (REGISTERED NUMBER: 00772282)

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


1. STATUTORY INFORMATION

Street County (Stockholders) 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
Accounting policies which have a significant bearing on the reported financial position and results of the company may require subjective or complex judgements.

The principal on-going area of judgement is the investment property valuation where the director's opinion of fair value based on experience, yield analysis and comparison with similar properties has been obtained at each reporting date.

Deferred tax is directly and indirectly impacted by the estimation uncertainty arising within the investment property valuation through the timing difference that exists between the valuation and the tax base cost of the properties and if relevant, the March 1982 property valuation is also utilised in arriving at the tax base cost for certain of the investment properties.

Turnover
Turnover represents rents receivable and other income net of VAT.

Revenue is recognised with reference to time as the period of rental progresses so that the amount of revenue reflects the actual right to consideration by reference to the period of rental covered. Rent not billed is included in debtors and payments on account, rent received in excess of the relevant amount of revenue is deferred to future periods to which it relates and included in deferred income within creditors.

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 balance sheet date.


STREET COUNTY (STOCKHOLDERS) LIMITED (REGISTERED NUMBER: 00772282)

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


3. ACCOUNTING POLICIES - continued
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.

Financial instruments
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. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 4,295,100
Additions 4,280
Revaluations 564,620
At 31 May 2024 4,864,000
NET BOOK VALUE
At 31 May 2024 4,864,000
At 31 May 2023 4,295,100

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2015 1,819,000
Valuation in 2016 (657,200 )
Valuation in 2017 36,000
Valuation in 2018 57,000
Valuation in 2019 (19,000 )
Valuation in 2020 24,000
Valuation in 2021 (57,600 )
Valuation in 2022 3,353,000
Valuation in 2023 (260,100 )
Valuation in 2024 568,900
4,864,000

STREET COUNTY (STOCKHOLDERS) LIMITED (REGISTERED NUMBER: 00772282)

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


5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 3,849,831 3,845,551

Investment property was valued to fair value by the directors at 31 May 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 928 794

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 2,982,720 3,039,571
Taxation and social security 20,687 23,634
Other creditors 76,890 74,473
3,080,297 3,137,678

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 757,191 616,036

Deferred
tax
£   
Balance at 1 June 2023 616,036
Provided during year 141,155
Balance at 31 May 2024 757,191

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
100 Deferred £1 100 100
200 200

STREET COUNTY (STOCKHOLDERS) LIMITED (REGISTERED NUMBER: 00772282)

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


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

At 1 June 2023 708,466 (166,486 ) 541,980
Profit for the year 485,260 - 485,260
Fair value adjustment (423,465 ) 423,465 -
At 31 May 2024 770,261 256,979 1,027,240

11. 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

12. RELATED PARTY DISCLOSURES

During the year the company paid management charges of £35,703 to Renatus Property Management Limited (2023 : £40,112), a company under common control, for services rendered.

The amount payable to Renatus Property Management Limited, a company under common control, shown under creditors is £2,982,720 (2023: £3,034,471).

13. ULTIMATE CONTROLLING PARTY

At the balance sheet date, the company was a wholly 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.