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REGISTERED NUMBER: 07140278 (England and Wales)












Abridged Unaudited Financial Statements

for the Year Ended 30 June 2018

for

STERLING LAND AND NEW HOMES LTD

STERLING LAND AND NEW HOMES LTD (REGISTERED NUMBER: 07140278)






Contents of the Financial Statements
for the Year Ended 30 June 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

STERLING LAND AND NEW HOMES LTD

Company Information
for the Year Ended 30 June 2018







DIRECTORS: B J O'Connor
R D Ryan





REGISTERED OFFICE: 337 Bath Road
Slough
Berkshire
SL1 5PR





BUSINESS ADDRESS: Hutts Farm Cottage
Blagrove Lane
Wokingham
Berkshire
RG41 4AX





REGISTERED NUMBER: 07140278 (England and Wales)





ACCOUNTANTS: Masons
337 Bath Road
Slough
Berkshire
SL1 5PR

STERLING LAND AND NEW HOMES LTD (REGISTERED NUMBER: 07140278)

Abridged Balance Sheet
30 June 2018

30.6.18 30.6.17
Notes £    £   
CURRENT ASSETS
Stocks 7,284 -
Debtors 949,402 764,572
Cash at bank 15,718 500,057
972,404 1,264,629
CREDITORS
Amounts falling due within one year 29,395 284,415
NET CURRENT ASSETS 943,009 980,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

943,009

980,214

CAPITAL AND RESERVES
Called up share capital 4 100 100
Retained earnings 942,909 980,114
SHAREHOLDERS' FUNDS 943,009 980,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

STERLING LAND AND NEW HOMES LTD (REGISTERED NUMBER: 07140278)

Abridged Balance Sheet - continued
30 June 2018


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.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Balance Sheet for the year ended 30 June 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 31 October 2018 and were signed on
its behalf by:





R D Ryan - Director


STERLING LAND AND NEW HOMES LTD (REGISTERED NUMBER: 07140278)

Notes to the Financial Statements
for the Year Ended 30 June 2018

1. STATUTORY INFORMATION

Sterling Land and New Homes 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling
costs in bringing stocks to their present location and condition.

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.

STERLING LAND AND NEW HOMES LTD (REGISTERED NUMBER: 07140278)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.18 30.6.17
value: £    £   
100 Ordinary £1 100 100

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2018 and
30 June 2017:

30.6.18 30.6.17
£    £   
B J O'Connor
Balance outstanding at start of year 2,200 (1,287,089 )
Amounts advanced - 1,786,619
Amounts repaid (2,659 ) (497,330 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (459 ) 2,200

R D Ryan
Balance outstanding at start of year 2,181 (74,691 )
Amounts advanced - 354,202
Amounts repaid (5,466 ) (277,330 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,285 ) 2,181

6. RELATED PARTY DISCLOSURES

At the period end there were amounts owing from £840,000 (2017 - £760,000) from related parties
that the directors control. Loans are repayable upon demand and carry no right to interest/

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Sterling Land and New Homes Ltd

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 Balance Sheet. Readers are cautioned that the Abridged Statement of
Comprehensive Income and certain other primary statements and the Report of the Directors are not
required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your
approval the financial statements of Sterling Land and New Homes Ltd for the year ended 30 June 2018
which comprise the Abridged Statement of Comprehensive Income, Abridged Balance Sheet, Statement of
Changes in Equity and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Sterling Land and New Homes Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sterling Land and New Homes Ltd and state those matters that we have agreed to state to the Board of Directors of Sterling Land and New Homes Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sterling Land and New Homes Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sterling Land and New Homes Ltd. You consider that Sterling Land and New Homes Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sterling Land and New Homes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Masons
337 Bath Road
Slough
Berkshire
SL1 5PR


31 October 2018