| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 11 October 2023 to 31 October 2024 |
| for |
| Eighteen Clarence Street Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 11 October 2023 to 31 October 2024 |
| for |
| Eighteen Clarence Street Ltd |
| Eighteen Clarence Street Ltd (Registered number: 15203825) |
| Contents of the Financial Statements |
| for the Period 11 October 2023 to 31 October 2024 |
| Page |
| Statement of Financial Position | 1 |
| Notes to the Financial Statements | 3 |
| Eighteen Clarence Street Ltd (Registered number: 15203825) |
| Statement of Financial Position |
| 31 October 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET LIABILITIES | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| Eighteen Clarence Street Ltd (Registered number: 15203825) |
| Statement of Financial Position - continued |
| 31 October 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Eighteen Clarence Street Ltd (Registered number: 15203825) |
| Notes to the Financial Statements |
| for the Period 11 October 2023 to 31 October 2024 |
| 1. | STATUTORY INFORMATION |
| Eighteen Clarence Street Ltd is a |
| Registered number: |
| Registered office: |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes. |
| Investment property |
| The investment property has been stated at cost. The Board do not consider the fair value of the property to be materially different from the value disclosed. |
| 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 statement of financial position date. |
| Eighteen Clarence Street Ltd (Registered number: 15203825) |
| Notes to the Financial Statements - continued |
| for the Period 11 October 2023 to 31 October 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 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. |
| Going concern |
| The company has net liabilities of £43,559. The accounts have been prepared on going concern basis as the directors have confirmed that they will continue to provide financial support to the company for the foreseeable future. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| Additions |
| At 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| Investment property situated at 18 Clarence Street, Leeds, LS13 4DD is under a charge from Hope Capital 2 Limited. The charge was created on 20 May 2024. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Other debtors |
| Eighteen Clarence Street Ltd (Registered number: 15203825) |
| Notes to the Financial Statements - continued |
| for the Period 11 October 2023 to 31 October 2024 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Bank loans and overdrafts |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| £ |
| Other creditors |
| 8. | SECURED DEBTS |
| The loan amounting to £227,096 is secured by the way of charge on the property situated at 18 Clarence Street, Leeds, LS13 4DD (disclosed as investment property). The charge was created in the name of Hope Capital 2 Limited on 20 May 2024. |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal |
| value: | £ |
| Ordinary | £1 | 120 |
| 120 Ordinary shares of £1 each were allotted and fully paid for |
| 10. | RELATED PARTY DISCLOSURES |
| The company owes £163,323 (including €180,000) to Only Unicorn Ltd, a company registered in United Kingdom (Company registered number: 15491791), who is also a 50% shareholder of the company as at accounting year end date. |
| The company owes £5,514 to Last First Ltd, a company registered in United Kingdom (Company registered number: 13914086), who is also a 41.67% shareholder of the company as at accounting year end date. |