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REGISTERED NUMBER: 05707007 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

DEACON STREET PARTNERS LIMITED

DEACON STREET PARTNERS LIMITED (REGISTERED NUMBER: 05707007)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


DEACON STREET PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: A E Entwistle
S A Harris





REGISTERED OFFICE: 50 Loampit Vale
London
SE13 7FR





REGISTERED NUMBER: 05707007 (England and Wales)





ACCOUNTANTS: Banks Cooper Associates Limited
21 Marina Court
Castle Street
Hull
HU1 1TJ

DEACON STREET PARTNERS LIMITED (REGISTERED NUMBER: 05707007)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 42,600 118,827
Tangible assets 5 4,160 5,569
Investments 6 1 1
Investment property 7 9,920 9,920
56,681 134,317

CURRENT ASSETS
Debtors 567,013 442,649
Cash at bank 33,566 167,088
600,579 609,737
CREDITORS
Amounts falling due within one year 183,435 292,832
NET CURRENT ASSETS 417,144 316,905
TOTAL ASSETS LESS CURRENT LIABILITIES 473,825 451,222

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 473,823 451,220
473,825 451,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 June 2025 and were signed on its behalf by:



S A Harris - Director


DEACON STREET PARTNERS LIMITED (REGISTERED NUMBER: 05707007)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Deacon Street Partners Limited is a private 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The directors have prepared forecasts for the future performance of the company.
Based on these forecasts and the current trading position of the company, the directors conclude that the company has sufficient facilities to meet its liabilities as they fall due for at least 12 months from the date of signing of these accounts.
Accordingly, they continue to adopt the going concern basis in preparing the statutory financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Deacon Street Partners Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents sales to external customers at invoiced amounts less value added tax or local taxes on sales.

Revenue from management services is recognised as services are rendered. Revenue from interest income is recognised when received. Revenue from long term projects is recognised when receivable.

Intangible assets
Long term project costs represent directly attributable costs incurred in the development of certain projects which span more than one accounting period. These costs are carried forward in intangible assets until such time as the project begins to generate future economic benefits and the associated revenue and costs can be measured reliably. These costs are then amortised over the estimated economic life of the project to match against the revenues generated.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment and furniture - 10% - 33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

DEACON STREET PARTNERS LIMITED (REGISTERED NUMBER: 05707007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

No depreciation is provided on investment property.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

DEACON STREET PARTNERS LIMITED (REGISTERED NUMBER: 05707007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 2,169,465
Additions 416,504
At 30 September 2024 2,585,969
AMORTISATION
At 1 October 2023 2,050,638
Amortisation for year 492,731
At 30 September 2024 2,543,369
NET BOOK VALUE

At 30 September 2024 42,600
At 30 September 2023 118,827

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 33,494
Additions 1,285
At 30 September 2024 34,779
DEPRECIATION
At 1 October 2023 27,925
Charge for year 2,694
At 30 September 2024 30,619
NET BOOK VALUE
At 30 September 2024 4,160
At 30 September 2023 5,569

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 October 2023
and 30 September 2024 1
NET BOOK VALUE
At 30 September 2024 1
At 30 September 2023 1

DEACON STREET PARTNERS LIMITED (REGISTERED NUMBER: 05707007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 34,700
DEPRECIATION
At 1 October 2023
and 30 September 2024 24,780
NET BOOK VALUE
At 30 September 2024 9,920
At 30 September 2023 9,920

The investment properties, representing freehold reversionary interests in a block of flats, were subject to a full valuation on 30 September 2018, with a reduction in value due to lease extensions granted on eight flats

The 2024 and 2023 valuations were made by the Directors, by reference to the 2018 full valuation on an open market value for existing use basis.

8. RELATED PARTY DISCLOSURES





Sales to
related
parties
Recharges
by (to
related
parties



)
Amounts
owed by
related
parties
Amounts
owed to
related
parties
£    £    £    £   
2024
Entities related through common directors and
common ultimate controlling party

159,743

(9,647

)

190,851

-
Entities related through common directors 78,817 291,220 123,877 57,021
Entities related through common ultimate
controlling party

308,769

-

-

21,737
Transactions with ultimate controlling party 514,542 (465,581 ) 88,178 -

2023
Entities related through common directors and
common ultimate controlling party

116,258

(11,523

)

156,809

-
Entities related through common directors 100,000 722,967 90,534 55,728
Entities related through common ultimate
controlling party

325,301

-

-

21,737
Transactions with ultimate controlling party 498,396 (384,202 ) 146,606 -


9. ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Oren Investment Group Limited, a company incorporated in British Virgin Islands.

Lord Michael Ashcroft KCMG PC is considered to be the ultimate controlling party by virtue of his shareholding in Burac Holdings Limited.