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Registered number: 12221237
Street Acquisitions Bowlalley Lane Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Thomas Tax (Coventry) Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12221237
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 626,926
- 626,926
CURRENT ASSETS
Debtors 5 188,041 5,693
Cash at bank and in hand 4,260 4,265
192,301 9,958
Creditors: Amounts Falling Due Within One Year 6 (191,204 ) (208,921 )
NET CURRENT ASSETS (LIABILITIES) 1,097 (198,963 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,097 427,963
Creditors: Amounts Falling Due After More Than One Year 7 - (405,469 )
NET ASSETS 1,097 22,494
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 (288 ) (288 )
Profit and Loss Account 1,285 22,682
SHAREHOLDERS' FUNDS 1,097 22,494
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Streets
Director
13th June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Street Acquisitions Bowlalley Lane Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12221237 . The registered office is 30 Binley Road, Coventry, CV3 1JA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises rents received from tenants.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% on cost
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2023 625,000 2,797 627,797
Additions - 1,279 1,279
Disposals (625,000 ) (4,076 ) (629,076 )
As at 30 September 2024 - - -
Depreciation
As at 1 October 2023 - 871 871
Disposals - (871 ) (871 )
As at 30 September 2024 - - -
Net Book Value
As at 30 September 2024 - - -
As at 1 October 2023 625,000 1,926 626,926
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income - 1,300
Other debtors 183,648 -
Deferred tax current asset 4,393 4,393
188,041 5,693
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 3,987
Corporation tax - 2,865
Other creditors 1,542 1,042
Accruals and deferred income 2,426 2,865
Director's loan account 262 262
Amounts owed to group undertakings 186,974 197,900
191,204 208,921
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans - 405,469
8. Secured Creditors
2024 2023
£ £
Bank loans and overdrafts - 405,469
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Revaluation Reserve
£
As at 1 October 2023 (288 )
As at 30 September 2024 (288 )
11. Related Party Transactions
Street Acquisitions Limited own 100% of the shareholding in Street Acquisitions Bowlalley Lane Limited.
Mr M Streets is a director of both Street Acquisitions Limited and Street Acquisitions Bowlalley Lane Limited.
As at 30 September 2024, Street Acquisitions Bowlalley Lane Limited owe £193,868 to Street Acquisitions Limited.
Street Acquisitions Bowlalley Lane Limited are owed £6,894 by Suffolk Chambers Limited. Mr M Streets is a director of both Street Acquisitions Bowlalley Lane Limited and Suffolk Chambers Limited.
Street Acquisitions Bowlalley Lane Limited has an outstanding loan balance of £1,542 with Exponential Group Limited. No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year. Mr M Streets is a director of both Street Acquisitions Bowlalley Lane Limited and Exponential Group Limited.
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