5 STEINE ST LIMITED


Directors	ANDERSON MANN, Jennifer
	FRIZZELL, Damian Mark
	SPENCER, Antony Ian


Registered Address	99 Preston Drove
	Brighton
	BN1 6LD


Registered Number	11493671 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Investment property	3		1,000,000		1,000,000
			1,000,000		1,000,000
Current assets
Debtors		16,610		16,826
Cash at bank and on hand		5,015		3,131
		21,625		19,957
Creditors amounts falling due within one year		(453,779)		(431,199)
Net current assets (liabilities)			(432,154)		(411,242)
Total assets less current liabilities			567,846		588,758
Creditors amounts falling due after one year			(621,155)		(620,720)
Net assets			(53,309)		(31,962)
Capital and reserves
Called up share capital			1		1
Profit and loss account			(53,310)		(31,963)
Shareholders' funds			(53,309)		(31,962)

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 12 December 2025, and are signed on its behalf by:

ANDERSON MANN, Jennifer
Director
Registered Company No. 11493671

5 STEINE ST LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and 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 in Pound Sterling (£) and rounding is to the nearest (£).

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of VAT and discounts. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable. Rents received are shown gross of commissions and fees.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of VAT and discounts. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Rents received are shown gross of commissions and fees.

	Current taxation
	Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Current taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Investment property
	The investment property fair value of £1,000,000 (2023 - £1,000,000) was determined by the directors. based on the market value of similar properties in the area


		£
	Fair value at 01 January 24	1,000,000
	At 31 December 24	1,000,000

4.	Secured creditors
	Bank loans of £530,919 (2023 - £530,485) are secured against the assets to which they relate.

5.	Related party transactions
	Within creditors are amounts owed to group undertakings of £310,687 (2023 - £309,635) and amounts owed to associates of £70,151 (2023 - £78,610).