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Company Registration No. 06482536 (England and Wales)
Stormfast Estates Ltd Unaudited accounts for the year ended 31 January 2023
Stormfast Estates Ltd Unaudited accounts Contents
Page
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Stormfast Estates Ltd Company Information for the year ended 31 January 2023
Directors
Deborah Rebecca Adler Maurice Adler
Company Number
06482536 (England and Wales)
Registered Office
137 LEESIDE CRESCENT LONDON NW11 0JN ENGLAND
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Stormfast Estates Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
737,000 
737,000 
Current assets
Cash at bank and in hand
432 
6,057 
Creditors: amounts falling due within one year
(311,444)
(305,985)
Net current liabilities
(311,012)
(299,928)
Total assets less current liabilities
425,988 
437,072 
Creditors: amounts falling due after more than one year
(412,316)
(412,316)
Net assets
13,672 
24,756 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
13,670 
24,754 
Shareholders' funds
13,672 
24,756 
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by
Maurice Adler Director Company Registration No. 06482536
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Stormfast Estates Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Stormfast Estates Ltd is a private company, limited by shares, registered in England and Wales, registration number 06482536. The registered office is 137 LEESIDE CRESCENT, LONDON, NW11 0JN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25%
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 February 2022
1,796 
At 31 January 2023
1,796 
Depreciation
At 1 February 2022
1,796 
At 31 January 2023
1,796 
Net book value
At 31 January 2023
- 
5
Investment property
2023 
£ 
Fair value at 1 February 2022
737,000 
At 31 January 2023
737,000 
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Stormfast Estates Ltd Notes to the Accounts for the year ended 31 January 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
514 
Other creditors
311,194 
305,221 
Accruals
250 
250 
311,444 
305,985 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
412,316 
412,316 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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