4 Steine St Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11493757 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2021 to 31 March 2022

for

4 Steine St Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

J Anderson-Mann

D M Frizzell

A Spencer

Registered office:

85 Church Road

Hove

East Sussex

BN3 2BB

Registered number:

11493757 (England and Wales)

Accountants:

Wilson Sandford Limited

Chartered accountants

85 Church Road

Hove

East Sussex

BN3 2BB

Fixed assets

Investment property

4

-

500,000

Current assets

Debtors

5

80,472

2,882

Cash at bank

4,105

1,452

84,577

4,334

Creditors: amounts falling due within one year

6

119,270

535,681

Net current liabilities

(34,693

)

(531,347

)

Total assets less current liabilities

(34,693

)

(31,347

)

Capital and reserves

Called up share capital

8

1

1

Retained earnings

(34,694

)

(31,348

)

Shareholders' funds

(34,693

)

(31,347

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2022 and were signed on its behalf by:

J Anderson-Mann - Director

1.	Statutory information

4 Steine St 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 in Pound Sterling (£) and rounding is to the nearest (£).

The period covered by the financial statements is 15 months therefore comparatives are not entirely

comparable. The reason for extending the year end is to incorporate the sale of the property.

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 is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued at its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Taxation

Taxation for the period 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Significant events affecting the company

During the period, the UK and many other countries around the world have imposed restrictions on daily life that have impacted their economies. The company has begun to see the effect of these restrictions in these accounts but it is too early to determine the full financial impact.

3.	Employees and directors

The average number of employees during the period was NIL (2020 - NIL).

4.	Investment property

Total

£

Fair value

At 1 January 2021

500,000

Disposals

(500,000

)

At 31 March 2022

-

Net book value

At 31 March 2022

-

At 31 December 2020

500,000

The investment property fair value of £nil (2020 - £500,000) was determined by the directors based on the market value of similar properties in the area

5.

Debtors: amounts falling due within one year

2022

2020

£

£

Amounts owed by group undertakings

80,472

2,105

Other debtors

-

777

80,472

2,882

6.

Creditors: amounts falling due within one year

2022

2020

£

£

Trade creditors

-

4,347

Amounts owed to group undertakings

105,225

494,443

Amounts owed to associates

12,402

35,100

Other creditors

1,643

1,791

119,270

535,681

7.	Secured debts

The following secured debts are included within creditors:

2022

2020

£

£

Loans from group undertakings

-

375,000

Loans are secured against the assets to which they relate.

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2020

value:

£

£

1

Ordinary

£1

1

1

9.	Related party disclosures

Within creditors are amounts owed to group undertakings of £105,225 (2020 - £494,058) and amounts owed to associates of £12,402 (2020 - £35,100).