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Company Registration No. 05524854 (England and Wales)
College Street Properties Limited Unaudited accounts for the year ended 30 September 2025
College Street Properties Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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College Street Properties Limited Company Information for the year ended 30 September 2025
Directors
J A Brackenbury E M Killoughery
Secretary
S V Killoughery
Company Number
05524854 (England and Wales)
Registered Office
College Street Properties Ltd 2 Varity Park Vicarage Farm Road Peterborough Cambridgeshire PE1 5GU England
Accountants
Coles Accounting (Cambridge) Limited Newton Hall Town Street, Newton Cambridge Cambridgeshire CB22 7ZE
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College Street Properties Limited Statement of financial position as at 30 September 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Investment property
4
3,691,128 
3,691,128 
Current assets
Inventories
107,996 
77,827 
Debtors
5
24,884 
25,718 
Cash at bank and in hand
15,505 
36,537 
148,385 
140,082 
Creditors: amounts falling due within one year
6
(1,701,500)
(2,040,468)
Net current liabilities
(1,553,115)
(1,900,386)
Total assets less current liabilities
2,138,013 
1,790,742 
Creditors: amounts falling due after more than one year
7
(1,581,154)
(1,282,741)
Net assets
556,859 
508,001 
Capital and reserves
Called up share capital
8
1 
1 
Profit and loss account
556,858 
508,000 
Shareholders' funds
556,859 
508,001 
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 24 June 2026 and were signed on its behalf by
E M Killoughery Director Company Registration No. 05524854
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College Street Properties Limited Notes to the Accounts for the year ended 30 September 2025
1
Statutory information
College Street Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 05524854. The registered office is College Street Properties Ltd, 2 Varity Park, Vicarage Farm Road, Peterborough, Cambridgeshire, PE1 5GU, England.
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.
Significant judgements and estimates
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. No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
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.
Stocks
Stock is stated at the lower of cost and net realisable value. Work in progress comprises direct materials, labour costs, site overheads, associated professional charges and other attributable overheads. Net realisable value represents the estimated selling prices less all estimated cots of completion.
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College Street Properties Limited Notes to the Accounts for the year ended 30 September 2025
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. 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, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.
4
Investment property
2025 
£ 
Fair value at 1 October 2024
3,691,128 
At 30 September 2025
3,691,128 
Investment properties were valued on an open market basis on 30 September 2025 by the directors. The historical cost of the investment property is £3,691,128.
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,710 
17,787 
Other debtors
22,174 
7,931 
24,884 
25,718 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
6,667 
330,000 
Trade creditors
63,447 
51,469 
Other creditors
1,631,386 
1,658,999 
1,701,500 
2,040,468 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
1,581,154 
1,282,741 
The total amount due on secured bank loads is £1,587,821 (2024: £1,612,741). The bank loans are secured on the company's properties. There is an unlimited omnibus guarantee and set off agreement in respect of the liabilities now or hereafter, owing or incurred from or by College Street Properties Limited, GKL Holdings Limited, GKL Buildings and Civil Engineering Limited and GKL Northern Limited.
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College Street Properties Limited Notes to the Accounts for the year ended 30 September 2025
8
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Controlling party
The ultimate controlling party is E M Killoughery.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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