| REGISTERED NUMBER: |
| ST PAUL'S STREET (INVESTMENTS) LTD |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| REGISTERED NUMBER: |
| ST PAUL'S STREET (INVESTMENTS) LTD |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| ST PAUL'S STREET (INVESTMENTS) LTD (REGISTERED NUMBER: 02040543) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ST PAUL'S STREET (INVESTMENTS) LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Tattersall House |
| East Parade |
| Harrogate |
| North Yorkshire |
| HG1 5LT |
| BANKERS: |
| 2 The Headrow |
| Leeds |
| West Yorkshire |
| LS1 6PN |
| ST PAUL'S STREET (INVESTMENTS) LTD (REGISTERED NUMBER: 02040543) |
| BALANCE SHEET |
| 31 OCTOBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Non-distributable reserves |
| Distributable reserves |
| SHAREHOLDERS' FUNDS |
| 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. |
| ST PAUL'S STREET (INVESTMENTS) LTD (REGISTERED NUMBER: 02040543) |
| BALANCE SHEET - continued |
| 31 OCTOBER 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ST PAUL'S STREET (INVESTMENTS) LTD (REGISTERED NUMBER: 02040543) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| 1. | STATUTORY INFORMATION |
| St Paul's Street (Investments) Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the total invoice value, excluding value added tax, of rents receivable and services rendered during the year. |
| Tangible fixed assets |
| Freehold property | - |
| Motor vehicles | - |
| Land is not depreciated. |
| 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. |
| 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. |
| 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. |
| ST PAUL'S STREET (INVESTMENTS) LTD (REGISTERED NUMBER: 02040543) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company operates a small self administered retirement benefit scheme. The costs of the scheme are borne by the employer company and contributions paid are charged to the profit and loss account in the period to which they relate. |
| Investments |
| Investments held as fixed assets are stated at cost less provision for permanent diminution in value. Those held as current assets are stated at the lower of cost and net realisable value. |
| Dividends are brought to account in the profit and loss account when received. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Motor | Computer |
| property | vehicles | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 November 2023 |
| Additions |
| At 31 October 2024 |
| DEPRECIATION |
| At 1 November 2023 |
| Charge for year |
| At 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 31 October 2023 |
| Included in cost of land and buildings is freehold land of £ 100,000 (2023 - £ 100,000 ) which is not depreciated. |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 November 2023 |
| and 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 31 October 2023 |
| ST PAUL'S STREET (INVESTMENTS) LTD (REGISTERED NUMBER: 02040543) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 November 2023 |
| Additions |
| Disposals | ( |
) |
| Revaluations | 4,207,256 |
| At 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 31 October 2023 |
| Cost or valuation at 31 October 2024 is represented by: |
| £ |
| Valuation in 2000 | 616,487 |
| Valuation in 2001 | 277,302 |
| Valuation in 2002 | 35,830 |
| Valuation in 2003 | 23,683 |
| Valuation in 2005 | 3,397,941 |
| Valuation in 2006 | 110,407 |
| Valuation in 2007 | 72,435 |
| Valuation in 2008 | (271,503 | ) |
| Valuation in 2010 | (150,000 | ) |
| Valuation in 2011 | (329,970 | ) |
| Valuation in 2012 | (254,921 | ) |
| Valuation in 2015 | 537,710 |
| Valuation in 2016 | (3,480 | ) |
| Valuation in 2017 | (298,430 | ) |
| Valuation in 2018 | 1,966,882 |
| Valuation in 2019 | 435,847 |
| Valuation in 2020 | (813,053 | ) |
| Valuation in 2021 | 1,761,818 |
| Valuation in April 2022 | 361,145 |
| Valuation in October 2022 | (1,088,670 | ) |
| Valuation in 2023 | (1,333,920 | ) |
| Valuation in 2024 | 4,207,255 |
| Cost | 16,364,213 |
| 25,625,000 |
| If the investment properties had not been revalued they would have been included at the following historical | cost: |
| 2024 | 2023 |
| £ | £ |
| Cost | 16,364,213 | 15,4321,467 |
| Investment properties were valued on an open market basis on 31 October 2024 by the professionally | qualified directors. |
| ST PAUL'S STREET (INVESTMENTS) LTD (REGISTERED NUMBER: 02040543) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | OTHER FINANCIAL COMMITMENTS |
| The total future minimum lease payments under non-cancellable operating leases are as follows: |
| Land and buildings |
| 2024 | 2023 |
| £ | £ |
| Expiry date: |
| Less than one year | 88,565 | - |
| Two to five years | 265,695 | - |
| Over five years | 531,390 | 478.625 |
| Total | 885,650 | 478.625 |