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REGISTERED NUMBER: 00663522 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022

FOR

STONESHEY GATE PROPERTY COMPANY LIMITED

STONESHEY GATE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00663522)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 5 April 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STONESHEY GATE PROPERTY COMPANY LIMITED

COMPANY INFORMATION
for the Year Ended 5 April 2022







DIRECTOR: J B Crossley





REGISTERED OFFICE: Stoneshey Gate
Heptonstall
Hebden Bridge
HX7 7HD





REGISTERED NUMBER: 00663522 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Sreet
Hebden Bridge
HX7 6AD

STONESHEY GATE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00663522)

BALANCE SHEET
5 April 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,866 3,376
Investment property 5 1,490,000 1,490,000
1,492,866 1,493,376

CURRENT ASSETS
Debtors 6 414 577
Cash at bank 17,324 26,596
17,738 27,173
CREDITORS
Amounts falling due within one year 7 246,786 246,092
NET CURRENT LIABILITIES (229,048 ) (218,919 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,263,818

1,274,457

PROVISIONS FOR LIABILITIES 8 217,772 220,148
NET ASSETS 1,046,046 1,054,309

CAPITAL AND RESERVES
Called up share capital 9 3,550 3,550
Fair value reserve 10 1,208,591 1,206,215
Retained earnings 10 (166,095 ) (155,456 )
SHAREHOLDERS' FUNDS 1,046,046 1,054,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2022 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.

STONESHEY GATE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00663522)

BALANCE SHEET - continued
5 April 2022


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2022 and were signed by:





J B Crossley - Director


STONESHEY GATE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00663522)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 5 April 2022

1. STATUTORY INFORMATION

Stoneshey Gate Property Company 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 the Pound Sterling (£).


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.

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

Turnover
Turnover represents income from lettings.

Investment property
The investment property is included in fixed assets at its latest valuation plus subsequent additions at cost, and surpluses and deficits on valuation are included in the revaluation reserve. Profits and losses on the sale of this property are calculated by reference to its carrying amount.

Depreciation is not provided in respect of the investment property . This treatment is a departure from the Companies Act 2006 concerning the depreciation of fixed assets. However, such property is not held for consumption but for investment and the directors consider systematic annual depreciation would be inappropriate and this policy is necessary for the accounts to give a true and fair view. Depreciation is only one of the many factors reflected in the valuation and the amount which may otherwise have been shown cannot be separately identified or quantified.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

STONESHEY GATE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00663522)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 5 April 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 6 April 2021 40,326
Disposals (35,225 )
At 5 April 2022 5,101
DEPRECIATION
At 6 April 2021 36,950
Charge for year 510
Eliminated on disposal (35,225 )
At 5 April 2022 2,235
NET BOOK VALUE
At 5 April 2022 2,866
At 5 April 2021 3,376

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2021
and 5 April 2022 1,490,000
NET BOOK VALUE
At 5 April 2022 1,490,000
At 5 April 2021 1,490,000

Fair value at 5 April 2022 is represented by:
£   
Valuation in 2008 1,235,940
Valuation in 2011 (220,000 )
Valuation in 2014 70,803
Valuation in 2015 82,500
Valuation in 2016 27,000
Valuation in 2017 31,000
Valuation in 2018 109,120
Valuation in 2019 90,000
Cost 63,637
1,490,000

STONESHEY GATE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00663522)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 5 April 2022

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 63,637 63,637
Aggregate depreciation (24,287 ) (23,106 )

Investment property was valued on an open market basis on 5 April 2022 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Prepayments and accrued income 414 577

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Directors' current accounts 243,094 243,094
Accrued expenses 3,692 2,998
246,786 246,092

8. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 217,772 220,148

Deferred
tax
£   
Balance at 6 April 2021 220,148
Provided during year (2,376 )
Balance at 5 April 2022 217,772

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1,810 A Ordinary £1 1,810 1,810
595 C Ordinary £1 595 595
595 D Ordinary £1 595 595
550 B Ordinary £1 550 550
3,550 3,550

STONESHEY GATE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00663522)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 5 April 2022

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 6 April 2021 (155,456 ) 1,206,215 1,050,759
Deficit for the year (8,263 ) (8,263 )
Fair value adjustment (2,376 ) 2,376 -
At 5 April 2022 (166,095 ) 1,208,591 1,042,496