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REGISTERED NUMBER: 10920967 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 August 2024

for

2 New Street Property Limited

2 New Street Property Limited (Registered number: 10920967)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

2 New Street Property Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs S L Gasztowicz
Ms A E Scott





SECRETARY:





REGISTERED OFFICE: 2 New Street
Leicester
LE1 5NA





REGISTERED NUMBER: 10920967 (England and Wales)





ACCOUNTANTS: Aktiv Accounts Limited
14 Dovedale Crescent
Belper
Derbyshire
DE56 1HJ

2 New Street Property Limited (Registered number: 10920967)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 265,000 265,000

CURRENT ASSETS
Cash at bank 451 1,431

CREDITORS
Amounts falling due within one year 5 63,678 62,645
NET CURRENT LIABILITIES (63,227 ) (61,214 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,773

203,786

CREDITORS
Amounts falling due after more than one
year

6

(177,871

)

(188,277

)

PROVISIONS FOR LIABILITIES (3,877 ) (3,877 )
NET ASSETS 20,025 11,632

RESERVES
Retained earnings 20,025 11,632
20,025 11,632

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

2 New Street Property Limited (Registered number: 10920967)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





Mrs S L Gasztowicz - Director


2 New Street Property Limited (Registered number: 10920967)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

2 New Street Property Limited is a private company, limited by guarantee , 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 September 2023
and 31 August 2024 265,000
NET BOOK VALUE
At 31 August 2024 265,000
At 31 August 2023 265,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other loans (see note 7) 61,864 61,925
Trade creditors 458 604
VAT 1,175 -
Accrued expenses 181 116
63,678 62,645

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans (see note 7) 137,871 148,277
Other loans (see note 7) 40,000 40,000
177,871 188,277

2 New Street Property Limited (Registered number: 10920967)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.8.24 31.8.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 102,251 109,995
Bank loans more 5 yr by instal 35,620 38,282
137,871 148,277

7. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due within one year or on demand:
Other loans 61,864 61,925

Amounts falling due between two and five years:
Other loans - 2-5 years 40,000 40,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 102,251 109,995
Bank loans more 5 yr by instal 35,620 38,282
137,871 148,277

8. NON DISTRIBUTABLE RESERVES

As at 31.08.2024 the company has non distributable reserves of £31,800 arising from property revaluation. (2023: £31,800)

2 New Street Property Limited

Report of the Accountants to the Directors of
2 New Street Property Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2024 set out on pages one to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Aktiv Accounts Limited
14 Dovedale Crescent
Belper
Derbyshire
DE56 1HJ


28 May 2025