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COMPANY REGISTRATION NUMBER: 02661221
Market Street Properties Limited
Filleted Unaudited Financial Statements
31 October 2024
Market Street Properties Limited
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
Fixed assets
Investments
5
200,000
Current assets
Debtors
6
69,159
6
Cash at bank and in hand
8,992
317,460
--------
---------
78,151
317,466
Creditors: amounts falling due within one year
7
1,400
1,264
--------
---------
Net current assets
76,751
316,202
---------
---------
Total assets less current liabilities
276,751
316,202
---------
---------
Net assets
276,751
316,202
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
276,749
316,200
---------
---------
Shareholders funds
276,751
316,202
---------
---------
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 October 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 .
Market Street Properties Limited
Statement of Financial Position (continued)
31 October 2024
These financial statements were approved by the board of directors and authorised for issue on 16 July 2025 , and are signed on behalf of the board by:
Mr CA Selby
Director
Company registration number: 02661221
Market Street Properties Limited
Notes to the Financial Statements
Year ended 31 October 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 The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 2 ).
5. Investments
Other investments other than loans
£
Cost
At 1 November 2023
Additions
200,000
---------
At 31 October 2024
200,000
---------
Impairment
At 1 November 2023 and 31 October 2024
---------
Carrying amount
At 31 October 2024
200,000
---------
At 31 October 2023
---------
6. Debtors
2024
2023
£
£
Other debtors
69,159
6
--------
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
1,400
1,264
-------
-------
8. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr CA Selby
( 32)
20,195
( 11,000)
9,163
Mrs JC Selby
( 33)
20,195
( 11,000)
9,162
----
--------
--------
--------
( 65)
40,390
( 22,000)
18,325
----
--------
--------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr CA Selby
( 7,337)
18,680
( 11,375)
( 32)
Mrs JC Selby
( 7,338)
18,680
( 11,375)
( 33)
--------
--------
--------
----
( 14,675)
37,360
( 22,750)
( 65)
--------
--------
--------
----