Registered number
10884374
St John's Wood Real Estate Ltd
Filleted Accounts
31 July 2024
St John's Wood Real Estate Ltd
Registered number: 10884374
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 945,692 945,692
Current assets
Debtors 4 129,750 -
Cash at bank and in hand 79,026 117,907
208,776 117,907
Creditors: amounts falling due within one year 5 (16,334) (30,355)
Net current assets 192,442 87,552
Total assets less current liabilities 1,138,134 1,033,244
Creditors: amounts falling due after more than one year 6 (1,145,321) (1,045,321)
Net liabilities (7,187) (12,077)
Capital and reserves
Called up share capital 1 1
Profit and loss account (7,188) (12,078)
Shareholder's funds (7,187) (12,077)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Azhar
Director
Approved by the board on 29 April 2025
St John's Wood Real Estate Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rental of properties and related services.
Tangible fixed assets
No depreciation is provided in respect of freehold land & building . This treatment is not in accordance with the Companies Act 2006 but director considers that this accounting policy results in the accounts showing a true and fair view.
Freehold buildings Nil
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 August 2023 945,692
At 31 July 2024 945,692
Depreciation
At 31 July 2024 -
Net book value
At 31 July 2024 945,692
At 31 July 2023 945,692
4 Debtors 2024 2023
£ £
Other debtors 129,750 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 14,724 14,724
Taxation and social security costs 610 631
Other creditors 1,000 15,000
16,334 30,355
6 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to related undertakings 1,145,321 1,045,321
7 Related party transactions
Related parties have provided interest free loans to the company for its working capital requirements and development of its properties. The balance outstanding the year end was £1,145,321 (2023: £1,045,321).
8 Other information
St John's Wood Real Estate Ltd is a private company limited by shares and incorporated in England. Its registered office is:
51 Pimblett Street
Manchester
M3 1FU
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