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REGISTERED NUMBER: 06821757 (England and Wales)





















STATELY CAPITAL LTD

Unaudited Financial Statements

FOR THE YEAR ENDED

31 January 2023






STATELY CAPITAL LTD (REGISTERED NUMBER: 06821757)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


STATELY CAPITAL LTD

Company Information
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: J Lawer





REGISTERED OFFICE: Gothic House
Barker Gate
Nottingham
NG1 1JU





REGISTERED NUMBER: 06821757 (England and Wales)





ACCOUNTANTS: Keith Willis Associates Limited
Gothic House
Barker Gate
Nottingham
Nottinghamshire
NG1 1JU

STATELY CAPITAL LTD

Report of the Accountants to the Director of
Stately Capital Ltd


The following reproduces the text of the report prepared for the director 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 Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2023 set out on pages four to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Keith Willis Associates Limited
Gothic House
Barker Gate
Nottingham
Nottinghamshire
NG1 1JU


29 September 2023

STATELY CAPITAL LTD (REGISTERED NUMBER: 06821757)

Balance Sheet
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,789 38,436
Investments 5 1 1
Investment property 6 1,118,136 720,719
1,147,926 759,156

CURRENT ASSETS
Stocks 628,300 630,300
Debtors 7 118,923 126,205
Cash at bank 90,755 69,869
837,978 826,374
CREDITORS
Amounts falling due within one year 8 170,555 184,056
NET CURRENT ASSETS 667,423 642,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,815,349

1,401,474

CREDITORS
Amounts falling due after more than one
year

9

2,458,523

1,736,479
NET LIABILITIES (643,174 ) (335,005 )

CAPITAL AND RESERVES
Called up share capital 203 203
Retained earnings 11 (643,377 ) (335,208 )
(643,174 ) (335,005 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

STATELY CAPITAL LTD (REGISTERED NUMBER: 06821757)

Balance Sheet - continued
31 JANUARY 2023


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 29 September 2023 and were signed by:





J Lawer - Director


STATELY CAPITAL LTD (REGISTERED NUMBER: 06821757)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Stately Capital 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 20% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

STATELY CAPITAL LTD (REGISTERED NUMBER: 06821757)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 February 2022 63,364
Additions 1,250
At 31 January 2023 64,614
DEPRECIATION
At 1 February 2022 24,928
Charge for year 9,897
At 31 January 2023 34,825
NET BOOK VALUE
At 31 January 2023 29,789
At 31 January 2022 38,436

5. FIXED ASSET INVESTMENTS
Interest
in
associate
undertaking
£   
COST
At 1 February 2022
and 31 January 2023 1
NET BOOK VALUE
At 31 January 2023 1
At 31 January 2022 1

6. INVESTMENT PROPERTY
Total
£   
COST
At 1 February 2022 720,719
Additions 397,417
At 31 January 2023 1,118,136
NET BOOK VALUE
At 31 January 2023 1,118,136
At 31 January 2022 720,719

Investment properties are valued at cost by the directors who believe that this is a fair representation of their market value.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 8,354 8,354
Other debtors 110,569 117,851
118,923 126,205

STATELY CAPITAL LTD (REGISTERED NUMBER: 06821757)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,030 19,191
Trade creditors - 2
Other creditors 164,525 164,863
170,555 184,056

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 571,720 257,297
Other creditors 1,886,803 1,479,182
2,458,523 1,736,479

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 249,854 -

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 577,750 276,488

The loans are secured by fixed and floating charges over properties owned by the company.

11. RESERVES
Retained
earnings
£   

At 1 February 2022 (335,208 )
Deficit for the year (308,169 )
At 31 January 2023 (643,377 )