For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

131 St Johns Hill Limited is a private company limited by shares incorporated in England and Wales. The registered office can be found on the Company Information page.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

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

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The average monthly number of persons (including directors) employed by the company during the year was:

The split of the property valuation at the balance sheet date is represented by:

Included within bank loans is a BBLS of £26,852.00. The term is 6 years, inclusive of a 12 month interest free period which is subsidised by the government in full. It attracts a fixed interest rate of 2.50% from the 13th month.

Landbay Loan of £236,062 (2024: £236,062). The loan is secured by a fixed and floating charge on the company's assets and undertaking.

Landbay Loan of £191,580 (2024: £191,580). The loan is secured by a fixed charge on the company's assets and undertaking. The charge contains a negative pledge.

Hampshire Trust Bank Loan of £2,157,730 (2024: £2,157,688). The loan is secured by a fixed charge on the company's assets and undertaking. The charge contains a negative pledge.

Shawbrook Loan of £5,624,229 (2024: £5,623,400). The loan is secured by a fixed charge on the company's assets and undertaking. The charge contains a negative pledge.

Landbay Loan of £267,750 (2024: £267,750). The loan is secured by a fixed charge on the company's assets and undertaking. The charge contains a negative pledge.

Hampshire Trust Bank Loan of £1,706,254 (2024: £nil). The loan is secured by a fixed charge on the company's assets and undertaking. The charge contains a negative pledge.

Quantum Mortgages Loan of £276,281 (2024: £nil). The loan is secured by a fixed charge on the company's assets and undertaking. The charge contains a negative pledge.

Quantum Mortgages Loan of £299,963 (2024: £nil). The loan is secured by a fixed charge on the company's assets and undertaking. The charge contains a negative pledge.

Quantum Mortgages Loan of £328,633 (2024: £nil). The loan is secured by a fixed charge on the company's assets and undertaking. The charge contains a negative pledge.

The following loans have been repaid in the year and are satisfied:

Silverstream Loan of £nil (2024: £175,000).

Silverstream Loan of £nil (2024: £215,000).

Silverstream Loan of £nil (2024: £1,145,000).

The transfer from retained earnings comprises of £86,203 revaluation gain on the investment property, offset by the deferred tax impact of £21,551.