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REGISTERED NUMBER: 08235709 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2023

FOR

STANBRIDGE HOUSE LIMITED

STANBRIDGE HOUSE LIMITED (REGISTERED NUMBER: 08235709)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STANBRIDGE HOUSE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 MARCH 2023







DIRECTORS: Ms K Sanders
P Hudson





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 08235709 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

STANBRIDGE HOUSE LIMITED (REGISTERED NUMBER: 08235709)

BALANCE SHEET
30 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 15,221 42,454
15,221 42,454

CURRENT ASSETS
Stocks 5 10,000 12,000
Debtors 6 29,052 -
Cash at bank 125,659 211,428
164,711 223,428
CREDITORS
Amounts falling due within one year 7 108,011 125,517
NET CURRENT ASSETS 56,700 97,911
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,921

140,365

CREDITORS
Amounts falling due after more than one
year

8

71,839

89,346
NET ASSETS 82 51,019

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 80 51,017
SHAREHOLDERS' FUNDS 82 51,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

STANBRIDGE HOUSE LIMITED (REGISTERED NUMBER: 08235709)

BALANCE SHEET - continued
30 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 Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:




P Hudson - Director



Ms K Sanders - Director


STANBRIDGE HOUSE LIMITED (REGISTERED NUMBER: 08235709)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2023

1. 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 represents sales of services and is recognised at the point the customer is entitled to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

STANBRIDGE HOUSE LIMITED (REGISTERED NUMBER: 08235709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2023

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 21 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 March 2022
and 30 March 2023 200,001
AMORTISATION
At 31 March 2022
and 30 March 2023 200,001
NET BOOK VALUE
At 30 March 2023 -
At 30 March 2022 -

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 31 March 2022 100,334 54,417 11,905 166,656
Additions - 2,171 209 2,380
At 30 March 2023 100,334 56,588 12,114 169,036
DEPRECIATION
At 31 March 2022 69,175 46,155 8,872 124,202
Charge for year 25,076 3,114 1,423 29,613
At 30 March 2023 94,251 49,269 10,295 153,815
NET BOOK VALUE
At 30 March 2023 6,083 7,319 1,819 15,221
At 30 March 2022 31,159 8,262 3,033 42,454

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 31 March 2022
and 30 March 2023 93,789
DEPRECIATION
At 31 March 2022 69,175
Charge for year 25,076
At 30 March 2023 94,251
NET BOOK VALUE
At 30 March 2023 (462 )
At 30 March 2022 24,614

STANBRIDGE HOUSE LIMITED (REGISTERED NUMBER: 08235709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2023

5. STOCKS
2023 2022
£    £   
Stocks 10,000 12,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,273 -
Directors' loan accounts 8,779 -
29,052 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 38,227 40,898
Hire purchase contracts 5,054 5,054
Tax 22,925 35,405
Social security and other taxes 6,845 8,682
Other creditors 1,533 2,049
Directors' loan accounts - 1
Deferred income 30,000 30,000
Accrued expenses 3,427 3,428
108,011 125,517

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 13,530 13,589
Bank loans - 2-5 years 22,979 32,785
Bank loans more 5 yr by instal 25,220 27,808
Hire purchase contracts 10,110 15,164
71,839 89,346

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 25,220 27,808

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Mr P Hudson & Ms K Sanders took a loan from the company. As at 30 March 2023, the amount outstanding was £8,778 (2022: (£1)). This balance represented the maximum amount outstanding during the year.

During the year, the company paid Ms K Sanders & P Hudson rent amounting to £24,774 (2022: £24,774).

10. ULTIMATE CONTROLLING PARTY

The controlling party is K Sanders & P Hudson.

This was by virtue of their 100% holding of the issued share capital.