Streets Bloodstock Accountants Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10374441

STREETS BLOODSTOCK ACCOUNTANTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

31 March 2025

STREETS BLOODSTOCK ACCOUNTANTS LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	45,240	48,289

Current assets

Stocks		–	24,750
Debtors	6	141,286	204,516
Cash at bank and in hand		144,665	19,328
		----------	----------
		285,951	248,594

Creditors: amounts falling due within one year	7	( 175,822)	( 207,257)
		----------	----------
Net current assets		110,129	41,337
		----------	---------
Total assets less current liabilities		155,369	89,626

Provisions	( 11,216)	( 11,968)
	----------	---------
Net assets	144,153	77,658
	----------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	144,053	77,558
	----------	---------
Shareholder funds	144,153	77,658
	----------	---------

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 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has 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 .

STREETS BLOODSTOCK ACCOUNTANTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

P F Tutin

Director

Company registration number: 10374441

STREETS BLOODSTOCK ACCOUNTANTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Tower House, Lucy Tower Street, Lincoln, Lincs, LN1 1XW.

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 and in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. No significant judgements or estimates have been made by management in the process of applying the entity's accounting policies that would have a significant effect on the amounts recognised in the financial statements.

Revenue recognition

The turnover shown in the profit and loss account represents amounts invoiced during the year exclusive of Value Added Tax, and is inclusive of accrued income for any work done not invoiced. Given the nature of the services provided the billings plus any accrued income represent the fair value of the services provided.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property Works	-	10% straight line
Office equipment	-	`33.33% and 20% Straight line`

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2024: 5 ).

5. Tangible assets

	Leasehold Property Works	Office Equipment	Total
	£	£	£
Cost
At 1 April 2024	46,584	9,969	56,553
Additions	3,092	1,281	4,373
	---------	---------	---------
At 31 March 2025	49,676	11,250	60,926
	---------	---------	---------
Depreciation
At 1 April 2024	6,552	1,712	8,264
Charge for the year	4,968	2,454	7,422
	---------	---------	---------
At 31 March 2025	11,520	4,166	15,686
	---------	---------	---------
Carrying amount
At 31 March 2025	38,156	7,084	45,240
	---------	---------	---------
At 31 March 2024	40,032	8,257	48,289
	---------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	91,639	147,245
Other debtors	49,647	57,271
	----------	----------
	141,286	204,516
	----------	----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	30,151	61,002
Corporation tax	23,260	10,707
Social security and other taxes	17,483	6,985
Other creditors	104,928	128,563
	----------	----------
	175,822	207,257
	----------	----------

8. Charges on assets

Natwest Bank hold a debenture which secures all amounts owing to the bank by any of the Streets entities. The debenture contains a fixed and floating charge over the assets of this limited company and other related Streets entities.

9. Related party transactions

The company is a 100% owned subsidiary of Streets Whitmarsh Sterland LLP. Streets Whitmarsh Sterland LLP is under the control of Streets Management Services, a general commercial partnership. The company did not enter into any transactions during the current or previous year, that would require disclosure in accordance with FRS 102 section 1A.