REGISTERED NUMBER: 09833451 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

South Street Lettings Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

262

523

Investment property

5

925,049

925,049

925,311

925,572

CURRENT ASSETS

Debtors

6

629

2,014

Cash at bank

10,884

4,343

11,513

6,357

CREDITORS

Amounts falling due within one year

7

(924,217

)

(926,599

)

NET CURRENT LIABILITIES

(912,704

)

(920,242

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,607

5,330

PROVISIONS FOR LIABILITIES

(50

)

(99

)

NET ASSETS

12,557

5,231

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

12,457

5,131

SHAREHOLDERS' FUNDS

12,557

5,231

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2026 and were signed on its behalf by:

Mr R Stewart - Director

1.	STATUTORY INFORMATION

South Street Lettings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09833451

Registered office:

21 Queens Road

Brighton

East Sussex

BN1 3XA

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

The long leasehold property has been acquired at arms length and as such no adjustment is deemed necessary at 31 December 2025.

Fixtures and fittings are depreciated over a period of 5 years.

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.

Taxation

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

Other operating income

Other operating income is measured at the fair value of the consideration received or receivable and trade discounts.

Rental income is recognised in line with respective lease agreements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2025

and 31 December 2025

1,306

DEPRECIATION

At 1 January 2025

783

Charge for year

261

At 31 December 2025

1,044

NET BOOK VALUE

At 31 December 2025

262

At 31 December 2024

523

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

925,049

NET BOOK VALUE

At 31 December 2025

925,049

At 31 December 2024

925,049

The directors have considered the fair value of the two properties.

The London investment property is considered to be valued at £460,000 (2024: £460,000) by the directors with their knowledge of the current market. No fair value adjustment is deemed necessary at 31 December 2025 as the cost value is £459,886.

The Brighton investment property is considered to be valued at £465,000 (2024: £465,000) by the directors with their knowledge of the current market. No fair value adjustment is deemed necessary at 31 December 2025 as the cost value is £465,163.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

629

2,014

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

-

897

Amounts owed to group undertakings

921,498

921,498

Taxation and social security

1,768

838

Other creditors

951

3,366

924,217

926,599