Company registration number 12611430 (England and Wales)
ST MARGARETS (CHELTENHAM) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
ST MARGARETS (CHELTENHAM) LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
ST MARGARETS (CHELTENHAM) LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
9,051
3,333
Cash at bank and in hand
2,446
6,052
11,497
9,385
Creditors: amounts falling due within one year
(4,460)
(3,940)
Net current assets
7,037
5,445
Capital and reserves
Called up share capital
4
100
100
Profit and loss reserves
6,937
5,345
Total equity
7,037
5,445

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 28 May 2025
Mr H Kaveh Baghbadrani
Director
Company registration number 12611430 (England and Wales)
ST MARGARETS (CHELTENHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information

St Margarets (Cheltenham) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 251-253 Wells Road, Malvern Wells, Malvern, Worcestershire, WR14 4JF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Freehold Property

St Margarets (Cheltenham) Limited owns the freehold to the property that it manages. No value has been included in these financial statements, as the value of the freehold is deemed by the director to be unascertainable without undue cost.

ST MARGARETS (CHELTENHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 3 -
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
50
50
50
50
Ordinary B shares of £1 each
50
50
50
50
100
100
100
100
5
Related party transactions

My Freeholds Limited

Parent company

During a previous period, the related party advanced money to this company as working capital. At the end of the year there was a balance of £200 (2023: £200) owing to the related party, which is shown in 'other creditors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed.

 

Crystalight Limited

A company under common control

This company has advanced money to the related party as working capital. At the end of the year there was a balance of £7,837 (2023: £1,981) owing from the related party, which is shown in 'other debtors' in these financial statements. This debt is unsecured; no terms of interest or repayment have been agreed.

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