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Registration number: 01520237

Stapleton Finance Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 June 2022

 

Stapleton Finance Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Stapleton Finance Limited

Company Information

Directors

Marlene Elizabeth Meredith

Robert Ernest Lionel Meredith

Company secretary

Marlene Elizabeth Meredith

Registered office

Pool Lodge Farm
Dyers Lane
Iron Acton
Bristol
BS37 9XU

Accountants

Burton Sweet Limited
Spencer House
Morston Court
Aisecome Way
Weston Super Mare
BS22 8NG

 

Stapleton Finance Limited

(Registration number: 01520237)
Balance Sheet
30 June 2022

Note

2022
£

2021
£

Fixed assets

 

Investment property

4

280,000

215,000

Current assets

 

Cash at bank and in hand

 

25,551

40,926

Creditors: Amounts falling due within one year

5

(14,671)

(16,630)

Net current assets

 

10,880

24,296

Net assets

 

290,880

239,296

Capital and reserves

 

Called up share capital

100

100

Retained earnings

290,780

239,196

Shareholders' funds

 

290,880

239,296

 

Stapleton Finance Limited

(Registration number: 01520237)
Balance Sheet
30 June 2022

For the financial year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 7 September 2022 and signed on its behalf by:
 

.........................................
Robert Ernest Lionel Meredith
Director

 

Stapleton Finance Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Pool Lodge Farm
Dyers Lane
Iron Acton
Bristol
BS37 9XU

These financial statements were authorised for issue by the Board on 7 September 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Stapleton Finance Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2022

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Depreciation

Asset class

Depreciation method and rate

Land and buildings

Not depreciated

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2021 - 2).

4

Investment properties

2022
£

At 1 July

215,000

Fair value adjustments

65,000

At 30 June

280,000

There has been no valuation of investment property by an independent valuer.

 

Stapleton Finance Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2022

5

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Taxation and social security

 

70

310

Other creditors

 

14,601

16,320

 

14,671

16,630