165 West Street Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06819170 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2018

for

165 West Street Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTORS:

D E Hinchliffe

D S Hinchliffe

REGISTERED OFFICE:

Omega Court

360 Cemetery Road

Sheffield

South Yorkshire

S11 8FT

REGISTERED NUMBER:

06819170 (England and Wales)

ACCOUNTANTS:

Hewson & Howson

8 Shepcote Office Village

Shepcote Lane

Sheffield

South Yorkshire

S9 1TG

FIXED ASSETS

Tangible assets

3

151,358

191,598

Investment property

4

742,332

742,332

893,690

933,930

CURRENT ASSETS

Debtors

5

16,428

17,335

Cash at bank

4

12

16,432

17,347

CREDITORS

Amounts falling due within one year

6

482,873

542,981

NET CURRENT LIABILITIES

(466,441

)

(525,634

)

TOTAL ASSETS LESS CURRENT LIABILITIES

427,249

408,296

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

427,248

408,295

SHAREHOLDERS' FUNDS

427,249

408,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 31st July 2019 and were signed on its behalf by:

D E Hinchliffe - Director

1.	STATUTORY INFORMATION

165 West 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.

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

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

Fixtures and fittings

-

10% on cost

Investment property

Investment property is included at 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2018

and 31st December 2018

402,404

DEPRECIATION

At 1st January 2018

210,806

Charge for year

40,240

At 31st December 2018

251,046

NET BOOK VALUE

At 31st December 2018

151,358

At 31st December 2017

191,598

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2018

and 31st December 2018

742,332

NET BOOK VALUE

At 31st December 2018

742,332

At 31st December 2017

742,332

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Other debtors

16,428

17,335

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Amounts owed to group undertakings

363,949

410,598

Taxation and social security

10,099

20,731

Other creditors

108,825

111,652

482,873

542,981

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

£

1

Ordinary

£1

1

1

8.	CONTINGENT LIABILITIES

165 West Street Limited and Primesite UK Limited have given an unlimited inter-company guarantee to secure

the mortgage on 159/165 West Street. The maximum liability of the company at the year end was £2,240,055.

9.	RELATED PARTY DISCLOSURES

Included within other creditors is £363,949 (2017: £410,598) owing to the parent company, Primesite UK

Limited. No interest has been charged on this loan.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31st December 2018 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Hewson & Howson

8 Shepcote Office Village

Shepcote Lane

Sheffield

South Yorkshire

S9 1TG

31st July 2019