St Andrews Limited - Accounts to registrar (filleted) - small 18.2

St Andrews Limited - Accounts to registrar (filleted) - small 18.2

ST ANDREWS LIMITED - Company Information

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REGISTERED NUMBER: 09961184 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2020

FOR

ST ANDREWS LIMITED
ST ANDREWS LIMITED (REGISTERED NUMBER: 09961184)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ST ANDREWS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2020







DIRECTOR: Mr A L Charalambous





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 09961184 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ
Page 1
ST ANDREWS LIMITED (REGISTERED NUMBER: 09961184)

BALANCE SHEET
31 JANUARY 2020

31.1.20 31.1.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,231 1,966
Investment property 5 977,654 977,654
979,885 979,620

CURRENT ASSETS
Cash at bank and in hand 389 108

CREDITORS
Amounts falling due within one year 6 36,013 27,049
NET CURRENT LIABILITIES (35,624 ) (26,941 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
944,261
952,679

CREDITORS
Amounts falling due after more than one
year
7
984,308
984,308
NET LIABILITIES (40,047 ) (31,629 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (40,147 ) (31,729 )
SHAREHOLDERS' FUNDS (40,047 ) (31,629 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 notes form part of these financial statements

Page 2 continued...
ST ANDREWS LIMITED (REGISTERED NUMBER: 09961184)

BALANCE SHEET - continued
31 JANUARY 2020


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2021 and were signed by:





Mr A L Charalambous - Director


The notes form part of these financial statements

Page 3
ST ANDREWS LIMITED (REGISTERED NUMBER: 09961184)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020


1. STATUTORY INFORMATION

St Andrews 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.

Turnover
Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred.

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 - 15% on reducing balance

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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

Page 4 continued...
ST ANDREWS LIMITED (REGISTERED NUMBER: 09961184)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2020


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2019 2,663
Additions 659
At 31 January 2020 3,322
DEPRECIATION
At 1 February 2019 697
Charge for year 394
At 31 January 2020 1,091
NET BOOK VALUE
At 31 January 2020 2,231
At 31 January 2019 1,966

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2019
and 31 January 2020 977,654
NET BOOK VALUE
At 31 January 2020 977,654
At 31 January 2019 977,654

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.20 31.1.19
£    £   
Trade creditors 1,405 -
Amount due to related parties 32,217 23,508
Accrued expenses 2,391 3,541
36,013 27,049

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.20 31.1.19
£    £   
Bank loans (see note 8) 984,308 984,308

Page 5 continued...
ST ANDREWS LIMITED (REGISTERED NUMBER: 09961184)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2020


8. LOANS

An analysis of the maturity of loans is given below:

31.1.20 31.1.19
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 984,308 984,308

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.1.20 31.1.19
value: £    £   
100 Ordinary shares £1 100 100

Page 6