Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity2023-09-2900truefalsetrue 15174222 2023-09-28 15174222 2023-09-29 2024-09-30 15174222 2022-09-29 2023-09-28 15174222 2024-09-30 15174222 c:Director1 2023-09-29 2024-09-30 15174222 d:CurrentFinancialInstruments 2024-09-30 15174222 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 15174222 d:ShareCapital 2024-09-30 15174222 d:RetainedEarningsAccumulatedLosses 2024-09-30 15174222 c:FRS102 2023-09-29 2024-09-30 15174222 c:AuditExempt-NoAccountantsReport 2023-09-29 2024-09-30 15174222 c:FullAccounts 2023-09-29 2024-09-30 15174222 c:PrivateLimitedCompanyLtd 2023-09-29 2024-09-30 15174222 d:Right-of-useInvestmentProperty 2023-09-29 2024-09-30 15174222 d:Right-of-useInvestmentProperty 2024-09-30 15174222 e:PoundSterling 2023-09-29 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 15174222









PARK STREET INVESTORS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 SEPTEMBER 2024

 
PARK STREET INVESTORS LIMITED
REGISTERED NUMBER: 15174222

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
Note
£

Fixed assets
  

Investment property
 5 
388,561

  
388,561

Current assets
  

Cash at bank and in hand
 6 
249

  
249

Creditors: amounts falling due within one year
 7 
(390,047)

Net current liabilities
  
 
 
(389,798)

Total assets less current liabilities
  
(1,237)

  

Net liabilities
  
(1,237)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(1,337)

  
(1,237)


Page 1

 
PARK STREET INVESTORS LIMITED
REGISTERED NUMBER: 15174222
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

Daniel Sebastian Katz
Director

Date: 25 June 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PARK STREET INVESTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

1.


General information

Park Street Investors Limited (the "Company") is a private company limited by share capital, incorporated under the Companies Act 2006 and domiciled in England. The address of the Company's registered office is 124 Finchley Road, London, NW3 5JS.

2.Accounting policies

  
2.1

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all reporting periods presented, unless otherwise stated.

 
2.2

Basis of preparation of financial statements

The financial statements of the Company have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland, and Companies Act 2006.
The preparation of financial statements in conformity with Financial Reporting Standard 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Company's accounting policies.
Details of those estimates and/or judgments made in applying the Company's accounting policies towards the preparation of these financial statements that may be considered as yielding a significant risk of a material adjustment being made to the carrying amounts of assets and/or liabilities reported in the balance sheet during the next financial reporting period are disclosed in note 3 to the financial statements.

  
2.3

Functional and presentational currency

Items included in the financial statements of the Company are measured using the currency of the primary economic environment in which the Company operates (the "functional currency").
The functional currency of the Company, and the currency in which the financial statements are presented (the "presentational currency"), is 'Pounds Sterling' (£) rounded to the nearest single unit of currency.

 
2.4

Going concern

In assessing whether the going concern basis remains appropriate for the preparation of the financial statements, the director has reviewed the Company’s principal and emerging risks, existing loan facilities, access to funding and liquidity position and the Company's performance up to the date these financial statements were approved and expected performance over the 18 months following the balance sheet date.
Based on his assessment, the director at the time of approving the financial statements has a reasonable expectation that the Company has, available at its disposal, adequate resources to continue in operational existence for the foreseeable future.

Page 3

 
PARK STREET INVESTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the reporting period in which they are incurred
except where borrowing costs are in respect of borrowings undertaken towards the development
and/or construction of investment properties (see note 2.6).
Such borrowing costs are capitalised as part of the total cost of the specific investment property and subsequently released on impairment and/or disposal of the investment property.

 
2.6

Investment property

Investment property comprises of property held by the Company to earn income or for capital appreciation, or both.
Investment property is initially recognised at purchase cost plus directly attributable acquisition
expenses and subsequently measured at fair value.
Where an initially acquired investment property requires additional expenditure in order to bring the investment property to the condition necessary for investment purposes as intended upon acquisition; said investments are recognised and held at cost until all necessary works have been completed or abandoned following which the investment properties are held at fair value. 
Investment properties are not depreciated.
Gains and losses arising from changes in fair value are recognised in profit or loss during the period in which they arise.
Purchases and sales of investment property are recognised when contracts have been unconditionally exchanged and the significant risks and rewards of ownership have been transferred.

  
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities; with said financial assets and liabilities classified in accordance with the substance of the underlying contractual obligations rather than its legal form.
Financial assets and liabilities are recognised upon the Company becoming party to the contractual provisions of the instrument. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or the financial asset is transferred along with substantially all the risks and rewards of ownership of the asset to another party. Financial liabilities are derecognised only when the Company’s obligations are discharged, cancelled or expired.
The measurement of specific financial assets, financial liabilities and equity held by the Company is as outlined in notes 2.8 to 2.10 of the financial statements.

 
2.8

Cash and cash equivalents

Cash balances are reported by the Company as being financial instruments classified as short term receivables and are represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours and subject to an insignificant risk of changes in value. Cash balances are held at floating interest rates linked to UK bank rates.

Page 4

 
PARK STREET INVESTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

Creditors

Creditors are initially measured and subsequently held at transaction price.

 
2.10

Equity and dividends

Ordinary share capital, shown in equity, is initially measured and subsequently held at its nominal value. Where the transaction price for issued shares exceeds their nominal value, the difference is shown under equity in a share premium account with any directly attributable transaction costs associated with the issuing of said shares deducted from said share premium account.
Equity dividends are recognised in the reporting period in which they become legally payable.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the Company's accounting policies, the director is required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. Although the expected outcome of said estimates and assumptions will, by definition, seldom equal the related actual results; estimates and judgments made are continually re-evaluated and are based on historical experience as well as other factors, including expectations of future events that are believed to be reasonable under the circumstances.
In preparing these financial statements, the director was of the opinion that there were no judgments, estimates and/or assumptions made that would be considered as having a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial period.


4.


Employees

The average monthly number of employees, including directors, during the period was 0.
In accordance with UK legislation, office holders (i.e. registered company directors or secretaries) of the Company are not employees of the Company on the grounds that they are not party to a contract with the Company that meets the criteria for status of an employee.

Page 5

 
PARK STREET INVESTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

5.


Investment property



£



Valuation


Additions at cost
388,561



At 30 September 2024
388,561

A single investment property was held by the Company and is reported at cost as at the balance sheet date. Works in order to bring the investment property to a condition for investment purposes as intended upon acquisition were ongoing as at and following the balance sheet date and are expected to complete successfully.





6.


Cash and cash equivalents

2024
£

Cash at bank and in hand
249



7.


Creditors: Amounts falling due within one year

2024
£

Other loans
155,047

Amounts owed to participating interests
235,000

390,047


Other loans are unsecured, repayable on demand with no fixed date for repayment and bear basic interest at 10% per annum.
Amounts owed to participating interests comprise of loans made by shareholders and are unsecured, non-interest bearing and repayable on demand with no fixed date of repayment.


8.


Related party transactions

At the balance sheet date, the Company owed £155,047 to companies under common control in respect of other loans (see note 7).

Page 6

 
PARK STREET INVESTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024

9.


Controlling party

The Company was under the control of its sole director.

 
Page 7