REGISTERED NUMBER: 00594595 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

60 POLAND STREET LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms A J Sinclair

SECRETARY:

P Bamborough

REGISTERED OFFICE:

32 The Square

Gillingham

Dorset

SP8 4AR

REGISTERED NUMBER:

00594595 (England and Wales)

ACCOUNTANTS:

Andrews and Palmer

Chartered Accountants

32 The Square

Gillingham

Dorset

SP8 4AR

FIXED ASSETS

Tangible assets

4

8,816

12,571

Investment property

5

5,930,148

5,930,148

5,938,964

5,942,719

CURRENT ASSETS

Debtors

6

70,652

38,501

Cash at bank

192,940

77,696

263,592

116,197

CREDITORS

Amounts falling due within one year

7

164,661

201,434

NET CURRENT ASSETS/(LIABILITIES)

98,931

(85,237

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,037,895

5,857,482

CREDITORS

Amounts falling due after more than one year

8

(20,000

)

(20,000

)

PROVISIONS FOR LIABILITIES

(1,226,148

)

(1,227,087

)

NET ASSETS

4,791,747

4,610,395

CAPITAL AND RESERVES

Called up share capital

10

600

600

Undistributable reserves

11

3,671,830

3,671,830

Retained earnings

11

1,119,317

937,965

SHAREHOLDERS' FUNDS

4,791,747

4,610,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 27 November 2025 and were signed by:

Ms A J Sinclair - Director

1.	STATUTORY INFORMATION

60 Poland Street Limited is a private company, limited by shares , 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 the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the fair value of rental income receivable during the year, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Financial instruments

Basic financial instruments are measured at amortised cost.

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.

Finance costs

Finance costs relating to the interest on the preference shares are charged to the profit and loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2024

and 30 June 2025

28,913

261,971

10,995

4,897

306,776

DEPRECIATION

At 1 July 2024

28,913

258,849

4,811

1,632

294,205

Charge for year

-

577

1,546

1,632

3,755

At 30 June 2025

28,913

259,426

6,357

3,264

297,960

NET BOOK VALUE

At 30 June 2025

-

2,545

4,638

1,633

8,816

At 30 June 2024

-

3,122

6,184

3,265

12,571

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

and 30 June 2025

5,930,148

NET BOOK VALUE

At 30 June 2025

5,930,148

At 30 June 2024

5,930,148

Fair value at 30 June 2025 is represented by:

£

Valuation in 2016

3,895,540

Valuation in 2023

1,000,000

Valuation in 2024

234

Cost

1,034,374

5,930,148

Investment property was valued on a fair value basis on 30 June 2025 by the Director .

At the year end, the investment property was not valued by an independent professionally qualified valuer with recent experience in the location and class of the investment property being valued.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

25,476

29,942

Other debtors

40,000

3,500

Prepayments

5,176

5,059

70,652

38,501

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

750

3,657

Tax

61,625

62,540

VAT

12,642

12,310

Other creditors

32,434

30,834

Directors' current accounts

50,090

85,090

Deferred income

4,670

4,553

Accrued expenses

2,450

2,450

164,661

201,434

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Preference shares

20,000

20,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Preference shares

20,000

20,000

9.	LEASING AGREEMENTS

Minimum lease rent receivables under non-cancellable operating leases fall due as follows:

30.6.25

30.6.24

£

£

Within one year

169,229

278,283

Between one and five years

-

169,229

In more than five years

-

-

169,229

447,512

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

600

Ordinary

£1

600

600

Non-equity shares:

The company has allotted 20,000 (2024 - 20,000) 8% preference shares of £1 each.

11.

RESERVES

Retained

Undistributable

earnings

reserves

Totals

£

£

£

At 1 July 2024

937,965

3,671,830

4,609,795

Profit for the year

181,352

181,352

At 30 June 2025

1,119,317

3,671,830

4,791,147

The Company's reserves are as follows:

Retained earnings

Retained earnings represents cumulative distributable profits or losses, net of dividends paid and other adjustments.

Undistributable reserves

Undistributable reserves represents the cumulative difference between the fair value of fixed assets carried at a valuation and their historic cost, net of relevant deferred taxation adjustments.