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Company Registration No. 13601122 (England and Wales)
King St Limited Unaudited accounts for the year ended 30 September 2025
King St Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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King St Limited Company Information for the year ended 30 September 2025
Directors
Peter Charnley David Cookson
Company Number
13601122 (England and Wales)
Registered Office
Hare House 732 Whittingham Lane Preston PR3 2JJ
Accountants
The Tax Farm Hare House 732 Whittingham Lane Preston PR3 2JJ
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King St Limited Statement of financial position as at 30 September 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
540,000
590,000
Current assets
Debtors
5
13,126
708
Cash at bank and in hand
50,261
23,533
63,387
24,241
Creditors: amounts falling due within one year
6
(30,403)
(26,035)
Net current assets/(liabilities)
32,984
(1,794)
Total assets less current liabilities
572,984
588,206
Creditors: amounts falling due after more than one year
7
(530,250)
(540,250)
Net assets
42,734
47,956
Capital and reserves
Called up share capital
100
100
Profit and loss account
42,634
47,856
Shareholders' funds
42,734
47,956
For the year ending 30 September 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 21 April 2026 and were signed on its behalf by
Peter Charnley Director Company Registration No. 13601122
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King St Limited Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
King St Limited is a private company, limited by shares, registered in England and Wales, registration number 13601122. The registered office is Hare House, 732 Whittingham Lane, Preston, PR3 2JJ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
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 taxation
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.
4
Investment property
2025
£
Fair value at 1 October 2024
590,000
Net loss from fair value adjustments
(50,000)
At 30 September 2025
540,000
The fair value of the investment properties have been arrived at on the basis of a valuation carried out by the directors at the year end.
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King St Limited Notes to the Accounts for the year ended 30 September 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Deferred tax asset
12,500
-
Accrued income and prepayments
526
608
Other debtors
100
100
13,126
708
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
10,760
6,202
Other creditors
19,643
19,833
30,403
26,035
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
425,250
425,250
Amounts owed to group undertakings and other participating interests
105,000
115,000
530,250
540,250
8
Controlling party
King St Limited is a wholly owned subsidiary of Market St Limited.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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