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COMPANY REGISTRATION NUMBER: 03185891

Stochastic Holdings Limited

Filleted Unaudited Financial Statements

30 April 2023

Stochastic Holdings Limited

Financial Statements

Year ended 30th April 2023

Contents | Page

Report to the board of directors on the preparation of the unaudited statutory financial statements | 1

Statement of financial position | 2

Notes to the financial statements | 4

Stochastic Holdings Limited

Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Stochastic Holdings Limited

Year ended 30th April 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stochastic Holdings Limited for the year ended 30th April 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
JAY & JAY PARTNERSHIP LIMITED Chartered Certified Accountants
2 Chesterfield Buildings Westbourne Place Clifton Bristol BS8 1RU
29 August 2023

Stochastic Holdings Limited

Statement of Financial Position

30 April 2023

| 2023 | 2022
Note | £ | £

Fixed assets

Intangible assets | 5 | 1 | 1
Tangible assets | 6 | 2,827,073 | 2,581,457
| ------------ | ------------
| 2,827,074 | 2,581,458

Current assets

Debtors | 7 | 373,183 | 38,613
Cash at bank and in hand | 103,952 | 828,657
| --------- | ---------
| 477,135 | 867,270

Creditors: amounts falling due within one year | 8 | 74,077 | 39,764
| --------- | ---------
Net current assets | 403,058 | 827,506
| ------------ | ------------
Total assets less current liabilities | 3,230,132 | 3,408,964
| ------------ | ------------
Net assets | 3,230,132 | 3,408,964
| ------------ | ------------

Capital and reserves

Called up share capital | 2,000 | 2,000
Share premium account | 1,191,878 | 1,191,878
Profit and loss account | 2,036,254 | 2,215,086
| ------------ | ------------
Shareholders funds | 3,230,132 | 3,408,964
| ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30th April 2023 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Stochastic Holdings Limited

Statement of Financial Position (continued)

30 April 2023
These financial statements were approved by the board of directors and authorised for issue on 29 August 2023 , and are signed on behalf of the board by:

Mr P. Carroll
Director

Company registration number: 03185891

Stochastic Holdings Limited

Notes to the Financial Statements

Year ended 30th April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Chesterfield Buildings, Westbourne Place, Clifton, Bristol, BS8 1RU.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exception: Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and fittings | - | 25% straight line
| Equipment | - | 25% straight line

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Intangible assets

| Goodwill
| £
Cost |
At 1st May 2022 and 30th April 2023 | 1
| ----
Amortisation |
At 1st May 2022 and 30th April 2023 | –
| ----
Carrying amount |
At 30th April 2023 | 1
| ----
At 30th April 2022 | 1
| ----

6. Tangible assets

| Land and buildings | Fixtures and fittings | Equipment | Capital projects in progress | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1st May 2022 | 2,561,565 | 37,384 | 790 | – | 2,599,739
Additions | – | – | – | 252,241 | 252,241
| ------------ | -------- | ---- | --------- | ------------
At 30th April 2023 | 2,561,565 | 37,384 | 790 | 252,241 | 2,851,980
| ------------ | -------- | ---- | --------- | ------------
Depreciation |  |  |  |  |
At 1st May 2022 | – | 17,493 | 789 | – | 18,282
Charge for the year | – | 6,625 | – | – | 6,625
| ------------ | -------- | ---- | --------- | ------------
At 30th April 2023 | – | 24,118 | 789 | – | 24,907
| ------------ | -------- | ---- | --------- | ------------
Carrying amount |  |  |  |  |
At 30th April 2023 | 2,561,565 | 13,266 | 1 | 252,241 | 2,827,073
| ------------ | -------- | ---- | --------- | ------------
At 30th April 2022 | 2,561,565 | 19,891 | 1 | – | 2,581,457
| ------------ | -------- | ---- | --------- | ------------

Included within the above is investment property as follows:

| £
| ------------
At 1st May 2022 and 30th April 2023 | 2,561,565
| ------------

The directors consider the fair value of the investment properties to be £2,561,565 at 30 April 2023.
Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

| Freehold property
| £
At 30th April 2023 |
Aggregate cost | 2,561,565
Aggregate depreciation | –
| ------------
Carrying value | 2,561,565
| ------------

At 30th April 2022 |
Aggregate cost | 2,561,565
Aggregate depreciation | –
| ------------
Carrying value | 2,561,565
| ------------

7. Debtors

| 2023 | 2022
| £ | £
Trade debtors | – | 2,194
Other debtors | 373,183 | 36,419
| --------- | --------
| 373,183 | 38,613
| --------- | --------

8. Creditors: amounts falling due within one year

| 2023 | 2022
| £ | £
Corporation tax | 27,192 | –
Social security and other taxes | 525 | –
Other creditors | 46,360 | 39,764
| -------- | --------
| 74,077 | 39,764
| -------- | --------

9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:

| 2023
|  | Balance brought forward | Advances/ (credits) to the directors | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| Mr P. Carroll | ( 41) | 109,324 | ( 60,411) | 48,872
| Mrs C. A. Carroll | ( 41) | 109,324 | ( 60,411) | 48,872
|  | ---- | --------- | --------- | --------
|  | ( 82) | 218,648 | ( 120,822) | 97,744
|  | ---- | --------- | --------- | --------

| 2022
|  | Balance brought forward | Advances/ (credits) to the directors | Amounts repaid | Balance outstanding
|  | £ | £ | £ | £
| Mr P. Carroll | ( 1) | ( 40) | – | ( 41)
| Mrs C. A. Carroll | ( 1) | ( 40) | – | ( 41)
|  | ---- | ---- | ---- | ----
|  | ( 2) | ( 80) | – | ( 82)
|  | ---- | ---- | ---- | ----