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REGISTERED NUMBER: 03717660 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Stroudwater Redevelopment Partnership
Limited

Stroudwater Redevelopment Partnership
Limited (Registered number: 03717660)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stroudwater Redevelopment Partnership
Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: R J Tanner





SECRETARY: Mrs A L Tanner





REGISTERED OFFICE: 122 Winchcombe Street
Cheltenham
GL52 2NW





REGISTERED NUMBER: 03717660 (England and Wales)





ACCOUNTANTS: Crossley and Co.
122 Winchcombe Street
Cheltenham
Gloucestershire
GL52 2NW

Stroudwater Redevelopment Partnership
Limited (Registered number: 03717660)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,157 -
Investments 5 662,642 662,642
Investment property 6 1,177,000 1,957,000
1,916,799 2,619,642

CURRENT ASSETS
Debtors 7 1,508,951 1,648,749
Cash at bank 357,560 6,824
1,866,511 1,655,573
CREDITORS
Amounts falling due within one year 8 768,147 524,471
NET CURRENT ASSETS 1,098,364 1,131,102
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,015,163

3,750,744

CREDITORS
Amounts falling due after more than one year 9 - (813,667 )

PROVISIONS FOR LIABILITIES 11 (271,130 ) (271,130 )
NET ASSETS 2,744,033 2,665,947

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 12 2,744,031 2,665,945
SHAREHOLDERS' FUNDS 2,744,033 2,665,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Stroudwater Redevelopment Partnership
Limited (Registered number: 03717660)

Balance Sheet - continued
28 February 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 20 October 2023 and were signed by:





R J Tanner - Director


Stroudwater Redevelopment Partnership
Limited (Registered number: 03717660)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Stroudwater Redevelopment Partnership 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.

Turnover
Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

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.

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.

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.

Stroudwater Redevelopment Partnership
Limited (Registered number: 03717660)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 398 of the Companies Act 2006 not to prepare group accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2022 103,460 19,633 - 123,093
Additions 84,284 - 7,329 91,613
At 28 February 2023 187,744 19,633 7,329 214,706
DEPRECIATION
At 1 March 2022 103,460 19,633 - 123,093
Charge for year 12,624 - 1,832 14,456
At 28 February 2023 116,084 19,633 1,832 137,549
NET BOOK VALUE
At 28 February 2023 71,660 - 5,497 77,157
At 28 February 2022 - - - -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2022
and 28 February 2023 662,642
NET BOOK VALUE
At 28 February 2023 662,642
At 28 February 2022 662,642

Stroudwater Redevelopment Partnership
Limited (Registered number: 03717660)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 1,957,000
Additions 20,000
Disposals (800,000 )
At 28 February 2023 1,177,000
NET BOOK VALUE
At 28 February 2023 1,177,000
At 28 February 2022 1,957,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 49,048 103,191
Related company loans 1,381,030 1,545,558
Other loans 50,000 -
VAT 28,873 -
1,508,951 1,648,749

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 42,053 38,494
Social security and other taxes 44 -
VAT - 4,090
Related company creditors 634,288 359,730
Directors' current accounts 136 30,531
Accrued expenses 91,626 91,626
768,147 524,471

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans - 2-5 years - 813,667

Stroudwater Redevelopment Partnership
Limited (Registered number: 03717660)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans - 813,667

11. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 271,130 271,130

Deferred
tax
£   
Balance at 1 March 2022 271,130
Property valuation
Balance at 28 February 2023 271,130

12. RESERVES
Retained
earnings
£   

At 1 March 2022 2,665,945
Profit for the year 78,086
At 28 February 2023 2,744,031

13. RELATED PARTY DISCLOSURES

The company has loans to the value of £1,381,030 outstanding from related companies and owes £634,288 to related companies.

14. ULTIMATE CONTROLLING PARTY

Ultimate control vests with the director by virtue of his majority shareholding.