Company registration number 05507757 (England and Wales)
S T B C Developments Limited
Unaudited
Financial Statements
for the year ended 31 December 2021
PAGES FOR FILING WITH REGISTRAR
S T B C Developments Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
S T B C Developments Limited
Balance sheet
as at 31 December 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Tangible assets
4
32,804
33,691
Current assets
-
-
Creditors: amounts falling due within one year
5
(76,155)
(76,155)
Net current liabilities
(76,155)
(76,155)
Net liabilities
(43,351)
(42,464)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(43,352)
(42,465)
Total equity
(43,351)
(42,464)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 14 September 2022
P D Schofield
Director
Company Registration No. 05507757
S T B C Developments Limited
Notes to the financial statements
for the year ended 31 December 2021
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
Going concern
The company is technically insolvent, and will be reliant on the support of Sowerby Tennis and Bowling Club to which it owes £76,005 at 31 December 2019 if it is to trade in the future.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings Freehold
2% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
S T B C Developments Limited
Notes to the financial statements (continued)
for the year ended 31 December 2021
- 3 -
4
Tangible fixed assets
Land and buildings Freehold
£
Cost
At 1 January 2021 and 31 December 2021
44,335
Depreciation and impairment
At 1 January 2021
10,644
Depreciation charged in the year
887
At 31 December 2021
11,531
Carrying amount
At 31 December 2021
32,804
At 31 December 2020
33,691
5
Creditors: amounts falling due within one year
2021
2020
£
£
Other creditors
76,005
76,005
Accruals and deferred income
150
150
76,155
76,155
6
Company information
S T B C Developments Limited is a private company limited by shares incorporated in England and Wales. The registered office is St Peter's Avenue, Sowerby, Sowerby Bridge, West Yorkshire, HX6 1HA.