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REGISTERED NUMBER: 02040543 (England and Wales)















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: Mr P Kilmartin
Mr A N Carter
Mrs M Kilmartin
Mrs L M Carter
Mr P A S Carter



SECRETARY: Mr P Kilmartin



REGISTERED OFFICE: Lodge House
12 Town Street
Horsforth
Leeds
LS18 4RJ



REGISTERED NUMBER: 02040543 (England and Wales)



ACCOUNTANTS: DSC
Chartered Accountants
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT



BANKERS: Lloyds TSB Bank plc
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 4 237,030 261,126
Investments 5 8 8
Investment property 6 25,625,000 20,375,000
25,862,038 20,636,134

CURRENT ASSETS
Debtors 7 774,305 664,387
Cash at bank 3,282,384 6,616,118
4,056,689 7,280,505
CREDITORS
Amounts falling due within one year 8 2,059,869 4,094,051
NET CURRENT ASSETS 1,996,820 3,186,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,858,858

23,822,588

PROVISIONS FOR LIABILITIES 1,371,350 675,670
NET ASSETS 26,487,508 23,146,918

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Non-distributable reserves 9,181,657 5,673,719
Distributable reserves 17,290,851 17,458,199
SHAREHOLDERS' FUNDS 26,487,508 23,146,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

ST PAUL'S STREET (INVESTMENTS) LTD (REGISTERED NUMBER: 02040543)

BALANCE SHEET - continued
31 OCTOBER 2024


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

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 15 July 2025 and were signed on its behalf by:





Mr P A S Carter - Director


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 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the total invoice value, excluding value added tax, of rents receivable and services rendered during the year.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Motor vehicles - 25% on cost

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 340,865 84,623 544 426,032
Additions - - 691 691
At 31 October 2024 340,865 84,623 1,235 426,723
DEPRECIATION
At 1 November 2023 129,108 35,634 164 164,906
Charge for year 4,817 19,661 309 24,787
At 31 October 2024 133,925 55,295 473 189,693
NET BOOK VALUE
At 31 October 2024 206,940 29,328 762 237,030
At 31 October 2023 211,757 48,989 380 261,126

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 8
NET BOOK VALUE
At 31 October 2024 8
At 31 October 2023 8

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 20,375,000
Additions 1,054,969
Disposals (12,225 )
Revaluations 4,207,256
At 31 October 2024 25,625,000
NET BOOK VALUE
At 31 October 2024 25,625,000
At 31 October 2023 20,375,000

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 720,807 624,419
Other debtors 53,498 39,968
774,305 664,387

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 21,150 48,861
Taxation and social security 366,280 2,229,491
Other creditors 1,672,439 1,815,699
2,059,869 4,094,051

9. OTHER FINANCIAL COMMITMENTS

The total future minimum lease payments under non-cancellable operating leases are as follows:

Land and buildings
20242023
£   £   
Expiry date:

Less than one year88,565-
Two to five years265,695-
Over five years531,390478.625

Total885,650478.625