IRIS Accounts Production v23.2.0.158 01701881 Board of Directors 1.4.22 31.3.23 31.3.23 true false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure017018812022-03-31017018812023-03-31017018812022-04-012023-03-31017018812021-03-31017018812021-04-012022-03-31017018812022-03-3101701881ns16:EnglandWales2022-04-012023-03-3101701881ns15:PoundSterling2022-04-012023-03-3101701881ns11:Director12022-04-012023-03-3101701881ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3101701881ns11:SmallEntities2022-04-012023-03-3101701881ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3101701881ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3101701881ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3101701881ns11:FullAccounts2022-04-012023-03-3101701881ns11:OrdinaryShareClass12022-04-012023-03-3101701881ns11:Director22022-04-012023-03-3101701881ns11:Director32022-04-012023-03-3101701881ns11:CompanySecretary12022-04-012023-03-3101701881ns11:RegisteredOffice2022-04-012023-03-3101701881ns6:CurrentFinancialInstruments2023-03-3101701881ns6:CurrentFinancialInstruments2022-03-3101701881ns6:ShareCapital2023-03-3101701881ns6:ShareCapital2022-03-3101701881ns6:RevaluationReserve2023-03-3101701881ns6:RevaluationReserve2022-03-3101701881ns6:RetainedEarningsAccumulatedLosses2023-03-3101701881ns6:RetainedEarningsAccumulatedLosses2022-03-3101701881ns6:PlantMachinery2022-04-012023-03-3101701881ns6:LandBuildings2022-03-3101701881ns6:PlantMachinery2022-03-3101701881ns6:LandBuildings2022-04-012023-03-3101701881ns6:LandBuildings2023-03-3101701881ns6:PlantMachinery2023-03-3101701881ns6:LandBuildings2022-03-3101701881ns6:PlantMachinery2022-03-3101701881ns6:CostValuation2022-03-3101701881ns6:AdditionsToInvestments2023-03-3101701881ns6:DisposalsRepaymentsInvestments2023-03-3101701881ns6:RevaluationsIncreaseDecreaseInInvestments2023-03-3101701881ns6:TransfersBetweenInvestmentClassesIncreaseDecreaseInInvestments2023-03-3101701881ns6:CostValuation2023-03-3101701881ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3101701881ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3101701881ns11:OrdinaryShareClass12023-03-3101701881ns6:RetainedEarningsAccumulatedLosses2022-03-3101701881ns6:RevaluationReserve2022-03-3101701881ns6:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 01701881 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

STONYDELPH LIMITED

STONYDELPH LIMITED (REGISTERED NUMBER: 01701881)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STONYDELPH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: D J Sketchley
J W Sketchley
P D Sketchley





SECRETARY: P D Sketchley





REGISTERED OFFICE: The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 01701881 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

STONYDELPH LIMITED (REGISTERED NUMBER: 01701881)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,499,769 13,429,296
Investments 5 5,553,582 5,776,975
Investment property 6 3,519,895 3,919,895
22,573,246 23,126,166

CURRENT ASSETS
Stocks 678,912 894,633
Debtors 7 661,875 519,506
Cash at bank 323,090 423,663
1,663,877 1,837,802
CREDITORS
Amounts falling due within one year 8 2,058,510 2,123,291
NET CURRENT LIABILITIES (394,633 ) (285,489 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,178,613

22,840,677

PROVISIONS FOR LIABILITIES 40,000 304,000
NET ASSETS 22,138,613 22,536,677

CAPITAL AND RESERVES
Called up share capital 9 400 400
Revaluation reserve 10 1,288,631 1,178,694
Retained earnings 10 20,849,582 21,357,583
SHAREHOLDERS' FUNDS 22,138,613 22,536,677

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

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

STONYDELPH LIMITED (REGISTERED NUMBER: 01701881)

BALANCE SHEET - continued
31 MARCH 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





P D Sketchley - Director


STONYDELPH LIMITED (REGISTERED NUMBER: 01701881)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Stonydelph 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 as modified by the revaluation of certain assets.

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

Turnover
Turnover represents rental, farming and other income recognisable during the period, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tractor, plant & machinery - 20% reducing balance

Investments in subsidiaries
Investments in subsidiary 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
Stock is valued at the lower of cost and net realisable value.


Fixed asset investments
Investments are included at fair value. Listed investments are valued at their market value at the balance sheet date and any changes in their fair value between the previous year end or acquisition, as applicable are recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


STONYDELPH LIMITED (REGISTERED NUMBER: 01701881)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Tractor,
Freehold plant &
property machinery Totals
£    £    £   
COST
At 1 April 2022 12,020,814 1,950,179 13,970,993
Additions - 496,515 496,515
Disposals - (153,447 ) (153,447 )
At 31 March 2023 12,020,814 2,293,247 14,314,061
DEPRECIATION
At 1 April 2022 - 541,697 541,697
Charge for year - 308,489 308,489
Eliminated on disposal - (35,894 ) (35,894 )
At 31 March 2023 - 814,292 814,292
NET BOOK VALUE
At 31 March 2023 12,020,814 1,478,955 13,499,769
At 31 March 2022 12,020,814 1,408,482 13,429,296

STONYDELPH LIMITED (REGISTERED NUMBER: 01701881)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 4,430,120 1,346,855 5,776,975
Additions - 1,259,314 1,259,314
Disposals - (1,276,872 ) (1,276,872 )
Revaluations - (227,126 ) (227,126 )
Dividends received - 21,713 21,713
Reclassification/transfer - (422 ) (422 )
At 31 March 2023 4,430,120 1,123,462 5,553,582
NET BOOK VALUE
At 31 March 2023 4,430,120 1,123,462 5,553,582
At 31 March 2022 4,430,120 1,346,855 5,776,975


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 3,919,895
Disposals (400,000 )
At 31 March 2023 3,519,895
NET BOOK VALUE
At 31 March 2023 3,519,895
At 31 March 2022 3,919,895


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 137,566 37,164
Other debtors 524,309 482,342
661,875 519,506

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 30,103 -
Taxation and social security - 14,333
Other creditors 2,028,407 2,108,958
2,058,510 2,123,291

STONYDELPH LIMITED (REGISTERED NUMBER: 01701881)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
400 Ordinary £1 400 400

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2022 21,357,583 1,178,694 22,536,277
Deficit for the year (398,064 ) (398,064 )
Transfer on revaluation (109,937 ) 109,937 -
At 31 March 2023 20,849,582 1,288,631 22,138,213

11. RELATED PARTY DISCLOSURES

Other related parties;

Amounts due to related parties at the balance sheet date was £1,911,493 (2022 - £2,008,388)

Amounts due from related parties at the balance sheet date was £483,049 (2022 - £398,419)