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REGISTERED NUMBER: 00015623 (England and Wales)















SAINT MARY STREET BUILDINGS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024






SAINT MARY STREET BUILDINGS LIMITED (REGISTERED NUMBER: 00015623)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAINT MARY STREET BUILDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: Mrs S Dunmore
Mrs C Usher
Mrs H E Blessley





SECRETARY: Mrs H E Blessley





REGISTERED OFFICE: 38 Heol St Denys
Lisvane
Cardiff
CF14 0RU





REGISTERED NUMBER: 00015623 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

SAINT MARY STREET BUILDINGS LIMITED (REGISTERED NUMBER: 00015623)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2 2
Investments 5 488,478 452,882
Investment property 6 5,914,760 4,120,000
6,403,240 4,572,884

CURRENT ASSETS
Debtors 7 5,918 10,897
Cash at bank 111,680 138,001
117,598 148,898
CREDITORS
Amounts falling due within one year 8 26,155 21,916
NET CURRENT ASSETS 91,443 126,982
TOTAL ASSETS LESS CURRENT LIABILITIES 6,494,683 4,699,866

PROVISIONS FOR LIABILITIES 699,059 294,570
NET ASSETS 5,795,624 4,405,296

CAPITAL AND RESERVES
Called up share capital 8,000 8,000
Fair value reserve 9 4,775,578 3,378,388
Retained earnings 1,012,046 1,018,908
SHAREHOLDERS' FUNDS 5,795,624 4,405,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

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.

SAINT MARY STREET BUILDINGS LIMITED (REGISTERED NUMBER: 00015623)

BALANCE SHEET - continued
31ST DECEMBER 2024


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st May 2025 and were signed on its behalf by:





Mrs S Dunmore - Director


SAINT MARY STREET BUILDINGS LIMITED (REGISTERED NUMBER: 00015623)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

Saint Mary Street Buildings 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:
- The valuation of the company's freehold investment properties.
- The market value of the company's fixed asset investments.

Turnover
Turnover comprises rent receivable from the company's principal activity and is stated on an accruals basis after due allowance for rent in arrears or advance

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% straight line on cost

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.

Properties let on assured shorthold tenancies have been valued on their open market vacant possession values. Properties let on contractual or protected tenancies have been valued on an investment basis. The values reflect selling each property individually rather than as a single lot.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

SAINT MARY STREET BUILDINGS LIMITED (REGISTERED NUMBER: 00015623)

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


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st January 2024
and 31st December 2024 2,319
DEPRECIATION
At 1st January 2024
and 31st December 2024 2,317
NET BOOK VALUE
At 31st December 2024 2
At 31st December 2023 2

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st January 2024 452,882
Disposals (5,787 )
Revaluations 41,383
At 31st December 2024 488,478
NET BOOK VALUE
At 31st December 2024 488,478
At 31st December 2023 452,882

SAINT MARY STREET BUILDINGS LIMITED (REGISTERED NUMBER: 00015623)

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


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31st December 2024 is represented by:

Other
investments
£   
Valuation in 2019 39,177
Valuation in 2020 113,021
Valuation in 2021 34,030
Valuation in 2022 (107,334 )
Valuation in 2023 53,744
Valuation in 2024 41,383
Cost 314,457
488,478

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2024 4,120,000
Additions 34,464
Revaluations 1,760,296
At 31st December 2024 5,914,760
NET BOOK VALUE
At 31st December 2024 5,914,760
At 31st December 2023 4,120,000

Fair value at 31st December 2024 is represented by:
£   
Valuation in 2015 4,784,915
Valuation in 2021 (1,250,000 )
Valuation in 2024 1,760,296
Cost 619,549
5,914,760

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

2024 2023
£    £   
Cost 659,612 585,085

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,918 10,897

SAINT MARY STREET BUILDINGS LIMITED (REGISTERED NUMBER: 00015623)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,361 4,856
Other creditors 24,794 17,060
26,155 21,916

9. RESERVES
Fair
value
reserve
£   
At 1st January 2024 3,378,388
Revaluation in the year 1,397,190

At 31st December 2024 4,775,578