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REGISTERED NUMBER: 08550382 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2022

FOR

STEWART PROPERTIES AND LETTINGS LIMITED

STEWART PROPERTIES AND LETTINGS LIMITED (REGISTERED NUMBER: 08550382)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


STEWART PROPERTIES AND LETTINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2022







DIRECTORS: B M Stewart
Ms J Barker





REGISTERED OFFICE: 3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED





REGISTERED NUMBER: 08550382 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

STEWART PROPERTIES AND LETTINGS LIMITED (REGISTERED NUMBER: 08550382)

STATEMENT OF FINANCIAL POSITION
31ST MAY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,196 15,088

CURRENT ASSETS
Stocks - 22,207
Debtors 5 7,873 2,036
Cash at bank 133,800 67,889
141,673 92,132
CREDITORS
Amounts falling due within one year 6 56,361 37,677
NET CURRENT ASSETS 85,312 54,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,508

69,543

CREDITORS
Amounts falling due after more than one
year

7

(41,838

)

(48,322

)

PROVISIONS FOR LIABILITIES (2,317 ) (2,704 )
NET ASSETS 53,353 18,517

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 53,253 18,417
SHAREHOLDERS' FUNDS 53,353 18,517

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th August 2022 and were signed on its behalf by:





B M Stewart - Director


STEWART PROPERTIES AND LETTINGS LIMITED (REGISTERED NUMBER: 08550382)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2022

1. STATUTORY INFORMATION

Stewart Properties and Lettings 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 is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered stated net of discounts and of Value Added Tax.

Revenue is recognised once the service has been completed and where it is virtually certain that payment will be received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

STEWART PROPERTIES AND LETTINGS LIMITED (REGISTERED NUMBER: 08550382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st June 2021 10,558 859 34,999 1,781 48,197
Additions 905 - - 270 1,175
At 31st May 2022 11,463 859 34,999 2,051 49,372
DEPRECIATION
At 1st June 2021 8,843 706 22,501 1,059 33,109
Charge for year 655 39 3,125 248 4,067
At 31st May 2022 9,498 745 25,626 1,307 37,176
NET BOOK VALUE
At 31st May 2022 1,965 114 9,373 744 12,196
At 31st May 2021 1,715 153 12,498 722 15,088

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 4,666 -
Other debtors 3,207 2,036
7,873 2,036

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 5,980 1,678
Trade creditors 31,665 18,891
Taxation and social security 17,259 13,128
Other creditors 1,457 3,980
56,361 37,677

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 41,838 48,322

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,369 29,730

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year under review, Directors received loans from the company which are interest free and repayable on demand.

The company made advances totalling £2,296 (2021: £79,866) and this was offset by credits totalling £1,365 (2021: £58,950).

At the balance sheet date, the amount owed to the company by the directors was £910 (2021: £21 - owed to the directors). This is included within other debtors (2021 - included within other creditors).