| REGISTERED NUMBER: |
| St James (Becketwell) Limited |
| Strategic Report, Report of the Directors and |
| Financial Statements |
| for the Year Ended 30 September 2024 |
| REGISTERED NUMBER: |
| St James (Becketwell) Limited |
| Strategic Report, Report of the Directors and |
| Financial Statements |
| for the Year Ended 30 September 2024 |
| St James (Becketwell) Limited (Registered number: 13054316) |
| Contents of the Financial Statements |
| for the year ended 30 September 2024 |
| Page |
| Company Information | 1 |
| Strategic Report | 2 |
| Report of the Directors | 3 |
| Report of the Independent Auditors | 5 |
| Income Statement | 9 |
| Other Comprehensive Income | 10 |
| Balance Sheet | 11 |
| Statement of Changes in Equity | 12 |
| Notes to the Financial Statements | 13 |
| St James (Becketwell) Limited |
| Company Information |
| for the year ended 30 September 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Accountants & Statutory Auditors |
| 33 George Street |
| Wakefield |
| West Yorkshire |
| WF1 1LX |
| St James (Becketwell) Limited (Registered number: 13054316) |
| Strategic Report |
| for the year ended 30 September 2024 |
| The directors present their strategic report for the year ended 30 September 2024. |
| REVIEW OF BUSINESS |
| The company is a direct subsidiary of St James Securities Group Limited. In turn, St James (Becketwell) Limited is the holding company of SJS (2) Limited, SJS (4) Limited and SJS (Derby) Limited. |
| The company does not have any trading activities in its own right. It's parent company and funding partner, Peveril Securities Limited, provides loans to the company so that it can provide loans to its subsidiary companies to fund work in progress for property development. These loans are repaid when profits are realised when those developments are completed. |
| When other development opportunities arise in the future, further funding may be required under a similar arrangement. |
| The company receives dividend income from its subsidiaries upon receipt of development profits. In turn, dividends are paid to its parent company from net profits after the deduction of administrative expenses. |
| KEY PERFORMANCE INDICATORS |
| As the company does not trade there are no key performance indicators as these are measured in the individual subsidiaries or at group level in the consolidated accounts of St James Securities Group Limited. |
| PRINCIPAL RISKS AND UNCERTAINTIES |
| The principal risk of the company is the recoverability of the loans that it has advanced to its subsidiaries for work in progress. The recoverability of the work in progress is monitored by each subsidiary company. |
| ON BEHALF OF THE BOARD: |
| St James (Becketwell) Limited (Registered number: 13054316) |
| Report of the Directors |
| for the year ended 30 September 2024 |
| The directors present their report with the financial statements of the company for the year ended 30 September 2024. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company in the year under review was that of a holding company for a property development group. The development group is currently participating in a regeneration development in Derby City Centre. |
| DIVIDENDS |
| The total distribution of dividends for the year ended 30 September 2024 will be £ |
| EVENTS SINCE THE END OF THE YEAR |
| Information relating to events since the end of the year is given in the notes to the financial statements. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report. |
| STATEMENT OF DIRECTORS' RESPONSIBILITIES |
| The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations. |
| Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: |
| - | select suitable accounting policies and then apply them consistently; |
| - | make judgements and accounting estimates that are reasonable and prudent; |
| - | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
| The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
| STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
| So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information. |
| St James (Becketwell) Limited (Registered number: 13054316) |
| Report of the Directors |
| for the year ended 30 September 2024 |
| AUDITORS |
| The auditors, SMH Jolliffe Cork Audit Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
| ON BEHALF OF THE BOARD: |
| Report of the Independent Auditors to the Members of |
| St James (Becketwell) Limited |
| Opinion |
| We have audited the financial statements of St James (Becketwell) Limited (the 'company') for the year ended 30 September 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). |
| In our opinion the financial statements: |
| - | give a true and fair view of the state of the company's affairs as at 30 September 2024 and of its profit for the year then ended; |
| - | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
| - | have been prepared in accordance with the requirements of the Companies Act 2006. |
| Basis for opinion |
| We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
| Conclusions relating to going concern |
| In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
| Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
| Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. |
| Other information |
| The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon. |
| Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
| In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
| Opinions on other matters prescribed by the Companies Act 2006 |
| In our opinion, based on the work undertaken in the course of the audit: |
| - | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
| - | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements. |
| Report of the Independent Auditors to the Members of |
| St James (Becketwell) Limited |
| Matters on which we are required to report by exception |
| In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors. |
| We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: |
| - | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
| - | the financial statements are not in agreement with the accounting records and returns; or |
| - | certain disclosures of directors' remuneration specified by law are not made; or |
| - | we have not received all the information and explanations we require for our audit. |
| Responsibilities of directors |
| As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
| In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. |
| Report of the Independent Auditors to the Members of |
| St James (Becketwell) Limited |
| Auditors' responsibilities for the audit of the financial statements |
| Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
| The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
| The extent to which the audit was considered capable of detecting irregularities including fraud |
| Our approach to identifying and assessing the risks of material misstatements in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: |
| - | the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; |
| - | we identified the laws and regulations applicable to the company through discussions with the Directors and other informed management which we considered may have a direct material effect on the financial statements or the operations of the company and thereafter, the audit team remained alert to instances of non-compliance throughout the audit. |
| We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: |
| - | making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud and; |
| - | considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; |
| To address the risk of fraud through management bias and override of controls, we: |
| - | performed analytical procedures to identify any unusual or unexpected relationships; |
| - | tested journal entries to identify unusual transactions; |
| - | assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and investigated the rationale behind significant or unusual transactions. |
| In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: |
| - | agreeing financial statement disclosures to underlying supporting documentation; |
| - | enquiring of management as to actual and potential litigation and claims and reviewing correspondence with HMRC and the company's legal advisors. |
| There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. |
| Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. |
| A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. |
| Report of the Independent Auditors to the Members of |
| St James (Becketwell) Limited |
| Use of our report |
| This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
| for and on behalf of |
| Accountants & Statutory Auditors |
| 33 George Street |
| Wakefield |
| West Yorkshire |
| WF1 1LX |
| St James (Becketwell) Limited (Registered number: 13054316) |
| Income Statement |
| for the year ended 30 September 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| TURNOVER |
| Administrative expenses |
| OPERATING LOSS | 4 | ( |
) | ( |
) |
| Forgiveness of debt | 5 |
| (2,365 | ) | 39,470 |
| Income from shares in group undertakings |
| 806,279 | 939,470 |
| Interest payable and similar expenses | 6 |
| PROFIT BEFORE TAXATION |
| Tax on profit | 7 |
| PROFIT FOR THE FINANCIAL YEAR |
| St James (Becketwell) Limited (Registered number: 13054316) |
| Other Comprehensive Income |
| for the year ended 30 September 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| PROFIT FOR THE YEAR |
| OTHER COMPREHENSIVE INCOME | - | - |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
| St James (Becketwell) Limited (Registered number: 13054316) |
| Balance Sheet |
| 30 September 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 9 |
| CURRENT ASSETS |
| Debtors | 10 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 11 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 13 |
| Retained earnings | 14 |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| St James (Becketwell) Limited (Registered number: 13054316) |
| Statement of Changes in Equity |
| for the year ended 30 September 2024 |
| Called up |
| share | Retained | Total |
| capital | earnings | equity |
| £ | £ | £ |
| Balance at 1 October 2022 | ( |
) | ( |
) |
| Changes in equity |
| Dividends | - | ( |
) | ( |
) |
| Total comprehensive income | - |
| Balance at 30 September 2023 |
| Changes in equity |
| Dividends | - | ( |
) | ( |
) |
| Total comprehensive income | - |
| Balance at 30 September 2024 |
| St James (Becketwell) Limited (Registered number: 13054316) |
| Notes to the Financial Statements |
| for the year ended 30 September 2024 |
| 1. | STATUTORY INFORMATION |
| SJS (Becketwell) Limited is a private limited 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. The company's principal place of business is 36 Park Cross Street, Leeds, LS1 2QH. |
| The functional and presentation currency for the company is pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": |
| • | the requirements of Section 7 Statement of Cash Flows. |
| Preparation of consolidated financial statements |
| The financial statements contain information about St James (Becketwell) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, St James Securities Group Limited, 33 George Street, Wakefield, WF1 1LX. |
| St James (Becketwell) Limited (Registered number: 13054316) |
| Notes to the Financial Statements - continued |
| for the year ended 30 September 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Going concern |
| The Company's business activities, together with the factors likely to affect its future development, performance and position are set out in the Group Strategic Report, prepared by the company's holding company, St James Securities Group Limited. The Group Strategic Report further describes the financial position of the Group, risks and uncertainties. |
| During the financial year and up to the date of signing these accounts, St James Securities Group Limited and its subsidiary companies, including St James (Becketwell) Limited, has continued to spend the majority of its time and financial resources working on its £230m regeneration of the Becketwell area of Derby City Centre. |
| Post year end, in another Group member, SJS (4) Limited, the £45.8m 3,500 capacity Arena for Derby City Council completed in early February 2025. The development was delivered within the fixed price contract agreed with Derby City Council. At completion, the Arena was leased to and is operated by ASM Global. |
| ASM Global is the world's leading venue management company, operating the likes of the OVO Arena Wembley, AO Arena Manchester, First Direct Arena Leeds amongst many others. The Becketwell Arena has been named as "Vaillant Live". |
| In another Group member, SJS (Derby) Limited, the £37.375m 259 unit Build to Rent (BTR) apartment building for Grainger Land & Regeneration Limited completed in July 2023. |
| In SJS (4) Limited, the £1.8m Public Square at Becketwell, which was built for Derby City Council completed in July 2023. |
| All three developments were delivered within budget, despite the cost pressures from inflation and the impact of the war in Ukraine. |
| With the first phases consisting of the Arena, Public Square and BTR complete, we are seeing the consequential benefits of the regeneration of a major UK city. |
| Although demand for a MSCP and hotel is high, cost viability continues to be a major issue without significant third-party intervention. As mentioned in the Strategic Report, the supply of third-party intervention has reduced significantly in recent years. While discussions are continuing, our attention is focused on other development sectors, which are more deliverable. |
| Other property assets and land options have previously been acquired by SJS (4) Limited and SJS (2) Limited, to ensure the development and completion of the Becketwell regeneration. These other property assets and land will be utilised in the future. The income generated from these assets has ensured that 91.8% of the Group's work in progress property assets are income producing until they are developed. This income far exceeds the holding costs, providing a trading surplus to the Group. |
| We still remain confident that the regeneration of the Becketwell area of Derby will be delivered within the next 4-5 years. |
| The Funding and Development Partnership with Peveril Securities Limited and its Building Contractor owner, Bowmer & Kirkland Limited continues to thrive. Upon receipt of its profit on the BTR, St James (Becketwell) Limited was able to repay an element of its debt with Peveril Securities Limited. Furthermore, the loans that St James Securities Group Limited has advanced to its subsidiaries are at parity with the remaining loans that Peveril Securities Limited has outstanding with St James (Becketwell) Limited. While ever the loan parity continues, interest is not charged by Peveril Securities Limited on the remaining loan balances. |
| St James (Becketwell) Limited (Registered number: 13054316) |
| Notes to the Financial Statements - continued |
| for the year ended 30 September 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Going concern - continued |
| The Funding and Development Partnership, together with the associated benefits of working with Bowmer & Kirkland Limited as building contractor, continues to ensure the successful delivery of future phases of the Becketwell development. |
| When making their assessment of the company's ability to continue as a going concern, the directors acknowledge that uncertainties do exist, as reported in the Group's Strategic Report. However, after considering the above, the directors of St James (Becketwell) Limited have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements. |
| Significant judgements and estimates |
| In the application of both the company and group's accounting policies, the directors are required to make adjustments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting estimates, by definition, seldom equal the related actual results. |
| Financial instruments |
| The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments. |
| Financial assets |
| Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
| The company has no 'Other financial assets'. |
| Financial assets are derecognised when (a) the contractual rights to the cashflow from the asset expire or are settled or (b) substantially all the risks and rewards of ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. |
| Financial liabilities |
| Basic financial liabilities, including trade and other creditors and hire purchase contracts, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. |
| The company has no 'Other financial liabilities'. |
| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. |
| Investments in subsidiaries |
| Investments are included at cost less amounts written off. Profits or losses arising from disposal of fixed asset investments are treated as part of the result from ordinary activities. |
| St James (Becketwell) Limited (Registered number: 13054316) |
| Notes to the Financial Statements - continued |
| for the year ended 30 September 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year 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 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| There were no staff costs for the year ended 30 September 2024 nor for the year ended 30 September 2023. |
| The average number of employees during the year was NIL (2023 - NIL). |
| 2024 | 2023 |
| £ | £ |
| Directors' remuneration |
| 4. | OPERATING LOSS |
| The operating loss is stated after charging: |
| 2024 | 2023 |
| £ | £ |
| Auditors' remuneration |
| 5. | FORGIVENESS OF DEBT |
| Profit before taxation is stated after charging the following items: |
| 2024 | 2023 |
| £ | £ |
| Forgiveness of debt from parent undertaking | - | 42,347 |
| - | 42,347 |
| St James (Becketwell) Limited (Registered number: 13054316) |
| Notes to the Financial Statements - continued |
| for the year ended 30 September 2024 |
| 6. | INTEREST PAYABLE AND SIMILAR EXPENSES |
| 2024 | 2023 |
| £ | £ |
| Loan interest |
| 7. | TAXATION |
| Analysis of the tax charge |
| No liability to UK corporation tax arose for the year ended 30 September 2024 nor for the year ended 30 September 2023. |
| 8. | DIVIDENDS |
| 2024 | 2023 |
| £ | £ |
| Interim |
| 9. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 October 2023 |
| and 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| At 30 September 2024, the company held shareholdings in the following subsidiaries, all of which are incorporated in England and Wales and share a registered office with this company. |
Principal activity |
Percentage of issued ordinary shares |
| SJS (2) Limited | property development | 100% |
| SJS (4) Limited | property development | 100% |
| SJS (Derby) Limited | property development | 100% |
| 10. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Amounts owed by group undertakings |
| St James (Becketwell) Limited (Registered number: 13054316) |
| Notes to the Financial Statements - continued |
| for the year ended 30 September 2024 |
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other loans (see note 12) |
| Amounts owed to group undertakings |
| Accruals and deferred income |
| 12. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2024 | 2023 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Other loans |
| 13. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 10,000 | 10,000 |
| 14. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 October 2023 |
| Profit for the year |
| Dividends | ( |
) |
| At 30 September 2024 |
| 15. | CONTINGENT LIABILITIES |
| Peveril Securities Limited has a Debenture including a Fixed and Floating Charge over all of the assets of the company, subject to a Facilities Agreement dated 5th October 2021 between Peveril Securities Limited and St James (Becketwell) Limited. |
| St James Securities Group Limited has a Debenture including a Fixed and Floating Charge over all of the assets of the company, subject to a Facilities Agreement dated 5th October 2021 between St James Securities Group Limited and St James (Becketwell) Limited. |
| St James (Becketwell) Limited (Registered number: 13054316) |
| Notes to the Financial Statements - continued |
| for the year ended 30 September 2024 |
| 16. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group undertakings. |
| The ultimate parent company is St James Securities Group Limited, whose registered office is: |
| 33 George Street |
| Wakefield |
| West Yorkshire |
| WF1 1LX. |
| In the opinion of the directors, O A Quarmby is the ultimate controlling party. |
| 17. | POST BALANCE SHEET EVENTS |
| Post year end, in February 2025, SJS (4) Limited completed the delivery of a £45.8m 3,500 capacity Arena for Derby City Council, on time and within budget. |