Street Acquisitons Bowlalley Lane Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12221237 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 23 SEPTEMBER 2019 TO 30 SEPTEMBER 2020

FOR

STREET ACQUISITONS BOWLALLEY LANE LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Streets

REGISTERED OFFICE:

30 Binley Road

Coventry

West Midlands

CV3 1JA

REGISTERED NUMBER:

12221237 (England and Wales)

ACCOUNTANTS:

Thomas & Co

Chartered Certified Accountants

30 Binley Road

Coventry

West Midlands

CV3 1JA

FIXED ASSETS

Investment property

4

630,000

CURRENT ASSETS

Debtors

4,149

Cash at bank

4,582

8,731

CREDITORS

Amounts falling due within one year

236,093

NET CURRENT LIABILITIES

(227,362

)

TOTAL ASSETS LESS CURRENT LIABILITIES

402,638

CREDITORS

Amounts falling due after more than one year

5

405,450

NET LIABILITIES

(2,812

)

CAPITAL AND RESERVES

Called up share capital

100

Other reserves

5,000

Retained earnings

(7,912

)

(2,812

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 30 September 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 September 2021 and were signed by:

M Streets - Director

1.	STATUTORY INFORMATION

Street Acquisitons Bowlalley Lane Ltd 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.

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 comprises rents received from tenants.

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 period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

625,000

Revaluations

5,000

At 30 September 2020

630,000

NET BOOK VALUE

At 30 September 2020

630,000

Fair value at 30 September 2020 is represented by:

£

Valuation in 2020

630,000

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

£

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

405,450

6.	SECURED DEBTS

The following secured debts are included within creditors:

£

Mortgage

405,450

Hampshire Trust Bank Plc have registered fixed charge and negative pledge at Companies House in respect of a mortgage secured on 13-14 Bowlalley Lane, Hull.

7.	RELATED PARTY DISCLOSURES