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No description of principal activity
2024-01-01
Sage Accounts Production Advanced 2024 - FRS102_2024
742,332
583,910
1,326,242
1,326,242
742,332
xbrli:pure
xbrli:shares
iso4217:GBP
06819170
2024-01-01
2024-12-31
06819170
2024-12-31
06819170
2023-12-31
06819170
2023-01-01
2023-12-31
06819170
2023-12-31
06819170
2022-12-31
06819170
core:PlantMachinery
2024-01-01
2024-12-31
06819170
bus:RegisteredOffice
2024-01-01
2024-12-31
06819170
bus:LeadAgentIfApplicable
2024-01-01
2024-12-31
06819170
bus:Director1
2024-01-01
2024-12-31
06819170
bus:Director2
2024-01-01
2024-12-31
06819170
bus:CompanySecretary1
2024-01-01
2024-12-31
06819170
core:LandBuildings
core:OwnedOrFreeholdAssets
2024-01-01
2024-12-31
06819170
core:WithinOneYear
2024-12-31
06819170
core:WithinOneYear
2023-12-31
06819170
core:ShareCapital
2024-12-31
06819170
core:ShareCapital
2023-12-31
06819170
core:RetainedEarningsAccumulatedLosses
2024-12-31
06819170
core:RetainedEarningsAccumulatedLosses
2023-12-31
06819170
core:LandBuildings
core:OwnedOrFreeholdAssets
2024-12-31
06819170
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-12-31
06819170
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-12-31
06819170
bus:SmallEntities
2024-01-01
2024-12-31
06819170
bus:AuditExemptWithAccountantsReport
2024-01-01
2024-12-31
06819170
bus:SmallCompaniesRegimeForAccounts
2024-01-01
2024-12-31
06819170
bus:PrivateLimitedCompanyLtd
2024-01-01
2024-12-31
06819170
bus:FullAccounts
2024-01-01
2024-12-31
COMPANY REGISTRATION NUMBER:
06819170
|
Filleted Unaudited Financial Statements |
|
Year ended 31 December 2024
|
Officers and professional advisers |
1 |
|
|
|
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements |
2 |
|
|
|
Statement of financial position |
3 |
|
|
|
Notes to the financial statements |
5 |
|
|
|
Officers and Professional Advisers |
|
|
The board of directors |
Mr D E Hinchliffe |
|
Mr D S Hinchliffe |
|
|
|
Company secretary |
Mr M J Nelson |
|
|
|
Registered office |
Omega Court |
|
360 Cemetery Road |
|
Sheffield |
|
S11 8FT |
|
|
|
Accountants |
Hebblethwaites |
|
Chartered accountants |
|
2 Westbrook Court |
|
Sharrow Vale Road |
|
Sheffield |
|
S11 8YZ |
|
|
|
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
165 West Street Limited |
|
Year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 165 West Street Limited for the year ended 31 December 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of 165 West Street Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of 165 West Street Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 165 West Street Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that 165 West Street Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 165 West Street Limited. You consider that 165 West Street Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of 165 West Street Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hebblethwaites
Chartered accountants
2 Westbrook Court
Sharrow Vale Road
Sheffield
S11 8YZ
11 July 2025
|
Statement of Financial Position |
|
31 December 2024
Fixed assets
|
Tangible assets |
4 |
1,326,242 |
742,332 |
|
|
|
|
Current assets
|
Debtors |
5 |
108,450 |
134,650 |
|
Cash at bank and in hand |
24,753 |
22,142 |
|
--------- |
--------- |
|
133,203 |
156,792 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
951,651 |
449,132 |
|
--------- |
--------- |
|
Net current liabilities |
818,448 |
292,340 |
|
------------ |
--------- |
|
Total assets less current liabilities |
507,794 |
449,992 |
|
--------- |
--------- |
|
Net assets |
507,794 |
449,992 |
|
--------- |
--------- |
|
|
|
|
|
Statement of Financial Position (continued) |
|
31 December 2024
Capital and reserves
|
Called up share capital |
1 |
1 |
|
Profit and loss account |
507,793 |
449,991 |
|
--------- |
--------- |
|
Shareholders funds |
507,794 |
449,992 |
|
--------- |
--------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
11 July 2025
, and are signed on behalf of the board by:
|
Mr D E Hinchliffe |
|
Director |
|
Company registration number:
06819170
|
Notes to the Financial Statements |
|
Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Omega Court, 360 Cemetery Road, Sheffield, S11 8FT.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. In the opinion of management, there are no areas of judgement or key sources of estimation uncertainty that have a significant effect on the financial statements, other than those highlighted below.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Income tax
The taxation expense represents the sum of the tax currently payable. Current tax is recognised on taxable profit for the current year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and further excludes items that are never taxable or deductible. The company's tax liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery |
- |
10% straight line |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Tangible assets
|
Freehold property |
|
£ |
|
Cost |
|
|
At 1 January 2024 |
742,332 |
|
Additions |
583,910 |
|
------------ |
|
At 31 December 2024 |
1,326,242 |
|
------------ |
|
Depreciation |
|
|
At 1 January 2024 and 31 December 2024 |
– |
|
------------ |
|
Carrying amount |
|
|
At 31 December 2024 |
1,326,242 |
|
------------ |
|
At 31 December 2023 |
742,332 |
|
------------ |
|
|
5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
108,450 |
134,650 |
|
--------- |
--------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
4,314 |
– |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
818,306 |
275,963 |
|
Corporation tax |
15,358 |
13,299 |
|
Other creditors |
113,673 |
159,870 |
|
--------- |
--------- |
|
951,651 |
449,132 |
|
--------- |
--------- |
|
|
|
7.
Related party transactions
Included within creditors at the year end date are loan amounts owed by
165 West Street Limited
to its parent company, in the sum of £818,306 (2023: £275,963). The loan is not subject to any formal repayment terms and neither is any interest chargeable.
8.
Controlling party
The parent company is Primesite Group Limited, a company incorporated in England and Wales. The registered office address of the parent company is Omega Court, 360 Cemetery Road, Sheffield, S11 8FT. The group structure headed by Primesite Group Limited qualifies as a small group, and therefore the parent company is not required to prepare consolidated financial statements. The ultimate controlling party is
Mr D E Hinchliffe
.