Company Registration No. 12413436 (England and Wales)
Market St Limited
Unaudited accounts
for the year ended 31 January 2025
Market St Limited
Unaudited accounts
Contents
Market St Limited
Company Information
for the year ended 31 January 2025
Directors
Peter Charnley
David Cookson
Company Number
12413436 (England and Wales)
Registered Office
Hare House
732 Whittingham Lane
Preston
PR3 2JJ
United Kingdom
Accountants
The Tax Farm
Hare House
732 Whittingham Lane
Preston
PR3 2JJ
Market St Limited
Statement of financial position
as at 31 January 2025
Investment property
300,100
300,000
Cash at bank and in hand
21,367
17,517
Creditors: amounts falling due within one year
(347,578)
(382,199)
Net current liabilities
(127,211)
(149,054)
Total assets less current liabilities
172,889
150,946
Provisions for liabilities
Deferred tax
(6,990)
(6,990)
Net assets
165,899
143,956
Called up share capital
1,000
1,000
Profit and loss account
164,899
142,956
Shareholders' funds
165,899
143,956
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2025 and were signed on its behalf by
Peter Charnley
Director
Company Registration No. 12413436
Market St Limited
Notes to the Accounts
for the year ended 31 January 2025
Market St Limited is a private company, limited by shares, registered in England and Wales, registration number 12413436. The registered office is Hare House , 732 Whittingham Lane, Preston, PR3 2JJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 February 2024
300,000
Transfers from tangible fixed assets
100
At 31 January 2025
300,100
The investment property has been included at fair value, on the basis of a valuation carried out by the directors.
Amounts falling due after more than one year
Amounts due from group undertakings etc.
198,000
214,628
Market St Limited
Notes to the Accounts
for the year ended 31 January 2025
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
1,446
1,447
Taxes and social security
6,918
6,639
Other creditors
120,100
140,000
Loans from directors
218,630
233,631
7
Transactions with related parties
The following amounts were outstanding at the reporting end date:
Amounts owed to related parties
Lancaster Property Lettings Limited £140,000 (2022 - £140,000)
P&PC Surveyors Limited £Nil (2022 - £200,371)
Amounts owed from related parties
P&PC Surveyors Limited £24,628 (2022 - £Nil)
The amount outstanding due to Lancaster Property Lettings Limited, a company in which Mr. P Charnley is a director and shareholder, is in respect of a loan. No Interest was charged on the loan during the year.
The amount outstanding due from P&PC Surveyors Limited, a company in which Mr. P Charnley is a director and shareholder, is in respect of a loan. No interest was charged on the loan during the year.
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).