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Registration number: 05040478

39/41 Islington Park Street Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2025

 

39/41 Islington Park Street Limited

Contents
__________________________________________________________________________

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

39/41 Islington Park Street Limited

Company Information
__________________________________________________________________________

Directors

William Lowndes

Laurence Pearson

Sarah Lowndes

Company secretary

Sarah Lowndes

Registered office

Viewlands Broomehall Road
Coldharbour
Surrey
RH5 6HJ


 

Accountants

Brooks Green
Chartered AccountantsAbbey House
342 Regents Park Road
London
N3 2LJ

 

39/41 Islington Park Street Limited

(Registration number: 05040478)
Balance Sheet as at 28 February 2025
__________________________________________________________________________

Note

2025
£

2024
£

           

Fixed assets

   

 

Tangible assets

3

 

37,478

 

37,478

Current assets

   

 

Debtors

4

16

 

16

 

Cash at bank and in hand

 

5,995

 

1,122

 

 

6,011

 

1,138

 

Creditors: Amounts falling due within one year

5

(5,995)

 

(1,122)

 

Net current assets

   

16

 

16

Net assets

   

37,494

 

37,494

Capital and reserves

   

 

Called up share capital

6

16

 

16

 

Other reserves

37,478

 

37,478

 

Shareholders' funds

   

37,494

 

37,494

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 April 2025 and signed on its behalf by:
 

.........................................
Sarah Lowndes
Company secretary and director

 

39/41 Islington Park Street Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025
__________________________________________________________________________

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property

Not depreciated

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

39/41 Islington Park Street Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025
__________________________________________________________________________

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 March 2024

37,478

37,478

At 28 February 2025

37,478

37,478

Depreciation

Carrying amount

At 28 February 2025

37,478

37,478

At 29 February 2024

37,478

37,478

Included within the net book value of land and buildings above is £37,478 (2024 - £37,478) in respect of long leasehold land and buildings.
 

4

Debtors

Current

2025
£

2024
£

Other debtors

16

16

 

16

16

 

39/41 Islington Park Street Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025
__________________________________________________________________________

5

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Other creditors

5,995

1,122

6

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary share capital of £1 each

16

16

16

16