REGISTERED NUMBER: 13412475 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

54 And 56 Park Street Bristol Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J Brecknell

W E B Marshall

REGISTERED OFFICE:

5 Park Street Avenue

Bristol

BS1 5LQ

REGISTERED NUMBER:

13412475 (England and Wales)

ACCOUNTANTS:

Silbury Accountants Limited

Chartered Accountants

Oak Apple House

North Street

Milborne Port

Sherborne

DT9 5EW

FIXED ASSETS

Property, plant and equipment

4

57,779

77,038

Investments

5

100

-

Investment property

6

5,445,000

3,613,469

5,502,879

3,690,507

CURRENT ASSETS

Debtors

7

68,393

39,171

Cash at bank

5,139

21,743

73,532

60,914

CREDITORS

Amounts falling due within one year

8

1,522,114

1,029,775

NET CURRENT LIABILITIES

(1,448,582

)

(968,861

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,054,297

2,721,646

CREDITORS

Amounts falling due after more than one year

9

(3,178,384

)

(3,060,419

)

PROVISIONS FOR LIABILITIES

11

(377,940

)

-

NET ASSETS/(LIABILITIES)

497,973

(338,773

)

CAPITAL AND RESERVES

Called up share capital

12

110

110

Non-distributable reserves

13

1,133,819

-

Retained earnings

13

(635,956

)

(338,883

)

SHAREHOLDERS' FUNDS

497,973

(338,773

)

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

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

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 4 September 2025 and were signed on its behalf by:

J Brecknell - Director

1.	STATUTORY INFORMATION

54 And 56 Park Street Bristol 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.

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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Financial instruments

The company classifies its financial instruments as basic financial instruments in accordance with Section 11 of FRS 102. Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method, less any impairment. Basic financial liabilities, including trade and other payables and loans, are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method. Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are settled. Financial liabilities are derecognised when the obligation is discharged, cancelled, or expires.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

102,717

DEPRECIATION

At 1 January 2024

25,679

Charge for year

19,259

At 31 December 2024

44,938

NET BOOK VALUE

At 31 December 2024

57,779

At 31 December 2023

77,038

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

100

At 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

3,613,469

Additions

319,773

Revaluations

1,511,758

At 31 December 2024

5,445,000

NET BOOK VALUE

At 31 December 2024

5,445,000

At 31 December 2023

3,613,469

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

1,511,758

Cost

3,933,242

5,445,000

If freehold property had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

3,933,242

3,613,469

Investment property was valued on open market basis on 11 February 2025 by CBRE, Chartered Surveyors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

11,524

Amounts owed by group undertakings

64,218

-

Other debtors

4,175

27,647

68,393

39,171

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

10,648

26,782

Amounts owed to group undertakings

83,000

-

Taxation and social security

430

-

Other creditors

1,428,036

1,002,993

1,522,114

1,029,775

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

3,178,384

3,060,419

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

3,178,384

3,060,419

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

3,178,384

3,060,419

A fixed charge is in place on the freehold property.

11.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

377,940

-

Deferred

tax

£

Provided during year

377,940

Balance at 31 December 2024

377,940

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary A

£1

100

100

10

Ordinary B

£1

10

10

110

110

13.

RESERVES

Retained

Non-distributable

earnings

reserves

Totals

£

£

£

At 1 January 2024

(338,883

)

-

(338,883

)

Profit for the year

836,746

836,746

Transfer of non distributable

gain/loss

(1,133,819

)

1,133,819

-

At 31 December 2024

(635,956

)

1,133,819

497,863

The transfer of non distributable gains are net of deferred tax.

14.	RELATED PARTY DISCLOSURES

During the period, the company paid management fees of £4,578 (2023 £0) to Urban Creation Ltd, of which J Brecknell, director, is director and shareholder.

The company has a loan from a director amounting to £1,416,992 (2023 £1,001,993). This loan is unsecured, interest-free, and repayable on demand. As the loan is repayable on demand and interest-free, it is measured at the amount repayable and classified as a current liability in the balance sheet.

15.	ULTIMATE CONTROLLING PARTY

The controlling party is Toppy Mctopco Ltd.

The registered office of Toppy Mctopco Ltd is 5 Park Street Avenue, Bristol BS1 5LQ.

16.	GOING CONCERN

The directors will continue to support the company and believe that the business is a going concern. In making this assessment, the directors have considered the likely trading conditions for a period of 12 months from the date of approval of these accounts.