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REGISTERED NUMBER: 09367795 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

STOREY REAL ESTATE INVESTMENTS LTD

STOREY REAL ESTATE INVESTMENTS LTD (REGISTERED NUMBER: 09367795)

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

Report of the Accountants 7

STOREY REAL ESTATE INVESTMENTS LTD

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: J E C Storey





REGISTERED OFFICE: 35 Court Hill
South Croydon
Surrey
CR2 9ND





REGISTERED NUMBER: 09367795 (England and Wales)





ACCOUNTANTS: Jardines
Chartered Certified Accountants
73 Park Lane
Croydon
Surrey
CR0 1JG

STOREY REAL ESTATE INVESTMENTS LTD (REGISTERED NUMBER: 09367795)

Balance Sheet
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 366,781 366,967

CURRENT ASSETS
Debtors 5 737 1,316
Cash at bank 2,910 4,736
3,647 6,052
CREDITORS
Amounts falling due within one year 6 149,246 192,010
NET CURRENT LIABILITIES (145,599 ) (185,958 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,182

181,009

CREDITORS
Amounts falling due after more than one year 7 123,990 87,110
NET ASSETS 97,192 93,899

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 59,000 59,000
Retained earnings 38,191 34,898
97,192 93,899

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 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.

STOREY REAL ESTATE INVESTMENTS LTD (REGISTERED NUMBER: 09367795)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2023 and were signed by:





J E C Storey - Director


STOREY REAL ESTATE INVESTMENTS LTD (REGISTERED NUMBER: 09367795)

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


1. STATUTORY INFORMATION

Storey Real Estate Investments 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 as modified by the revaluation of certain assets.

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.
Land and buildings - not provided
Plant and machinery etc - 25% on cost

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 NIL (2022 - NIL).

STOREY REAL ESTATE INVESTMENTS LTD (REGISTERED NUMBER: 09367795)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 366,681 1,747 368,428
DEPRECIATION
At 1 April 2022 - 1,461 1,461
Charge for year - 186 186
At 31 March 2023 - 1,647 1,647
NET BOOK VALUE
At 31 March 2023 366,681 100 366,781
At 31 March 2022 366,681 286 366,967

Cost or valuation at 31 March 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2018 59,000 - 59,000
Cost 307,681 1,747 309,428
366,681 1,747 368,428

If the long leaseholds had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 307,681 307,681

Long leasehold assets were valued on an open market basis on 31 March 2018 by Adair Paxton Estate Agents .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 101
Other debtors 737 1,215
737 1,316

STOREY REAL ESTATE INVESTMENTS LTD (REGISTERED NUMBER: 09367795)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,720 52,320
Taxation and social security 814 1,780
Other creditors 140,712 137,910
149,246 192,010

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 123,990 87,110

The company part financed the purchase of the properties owned with loans from Handelsbanken. The company has two loans outstanding. The terms of the loans are:

Loan 1:
Capital balance as at 31st March 2023: £44,600
Repayments: Interest and capital
Interest rate : Current rate of interest 7.58%
Matures 12th January 2028

Loan 2
Capital balance as at 31st March 2023: £87,110
Repayments: Interest and capital
Interest rate : Current rate of interest 7.58%
Matures 27th October 2025

Total capital outstanding:
31st March 2023 £131,710 (2021 : £139,430).

8. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 59,000

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director provided the company with interest free loans to assist with the purchase of the properties. During the year, the director has provided the Company with a further interest free loan of £1,500. The balance outstanding on these loans at 31st March 2023 was £137,499 (2022: £135,999).

No repayments were made during the year.

10. ULTIMATE CONTROLLING PARTY

The controlling party is J E C Storey.

The ultimate controlling party is J E C Storey.

STOREY REAL ESTATE INVESTMENTS LTD

Report of the Accountants to the Director of
Storey Real Estate Investments 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 March 2023 set out on page nil 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.






Jardines
Chartered Certified Accountants
73 Park Lane
Croydon
Surrey
CR0 1JG


16 October 2023