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REGISTERED NUMBER: 01064630 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

STROLLMOOR LIMITED

STROLLMOOR LIMITED (REGISTERED NUMBER: 01064630)






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




Page

Company Information 1

Report of the Director 2

Consolidated Income Statement 3

Consolidated Balance Sheet 4

Company Balance Sheet 5

Consolidated Cash Flow Statement 7

Notes to the Consolidated Cash Flow Statement 8

Notes to the Consolidated Financial Statements 9


STROLLMOOR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mrs P S Graham





SECRETARY: Mr M C K See





REGISTERED OFFICE: E3 The Premier Centre
Abbey Park
Romsey
Hampshire
SO51 9DG





REGISTERED NUMBER: 01064630 (England and Wales)





ACCOUNTANTS: TBW Accountancy Limited
E3 The Premier Centre
Abbey Park
Romsey
Hampshire
SO51 9DG

STROLLMOOR LIMITED (REGISTERED NUMBER: 01064630)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 MARCH 2023

The director presents her report with the financial statements of the company and the group for the year ended 31 March 2023.

DIRECTOR
Mrs P S Graham held office during the whole of the period from 1 April 2022 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr M C K See - Secretary


12 October 2023

STROLLMOOR LIMITED (REGISTERED NUMBER: 01064630)

CONSOLIDATED INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
Notes £    £   

TURNOVER 1,486,130 1,426,120

Administrative expenses 1,022,899 1,610,122
OPERATING PROFIT/(LOSS) 463,231 (184,002 )

Sale of investment properties 4 (480,766 ) 908,192
(17,535 ) 724,190

Interest receivable and similar income 69,405 2,700
51,870 726,890

Interest payable and similar expenses 390,569 151,049
(LOSS)/PROFIT BEFORE TAXATION (338,699 ) 575,841

Tax on (loss)/profit - -
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(338,699

)

575,841

(Loss)/profit attributable to:
Owners of the parent (338,699 ) 575,841

STROLLMOOR LIMITED (REGISTERED NUMBER: 01064630)

CONSOLIDATED BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 990,000 990,000
Investments 7 - -
Investment property 8 38,844,351 40,064,278
39,834,351 41,054,278

CURRENT ASSETS
Debtors 9 480,060 577,391
Cash at bank and in hand 4,736,569 3,784,668
5,216,629 4,362,059
CREDITORS
Amounts falling due within one year 10 15,155,231 15,181,889
NET CURRENT LIABILITIES (9,938,602 ) (10,819,830 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,895,749

30,234,448

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Share premium 11 747,362 747,362
Revaluation reserve 11 21,193,538 21,999,577
Capital redemption reserve 11 133,000 133,000
Retained earnings 11 7,818,849 7,351,509
SHAREHOLDERS' FUNDS 29,895,749 30,234,448

The company and the group are 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 and the group 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 her responsibilities for:
(a) ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 12 October 2023 and were signed by:



Mrs P S Graham - Director


STROLLMOOR LIMITED (REGISTERED NUMBER: 01064630)

COMPANY BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 - -
Investments 7 757,145 757,145
Investment property 8 - -
757,145 757,145

CURRENT ASSETS
Debtors 9 906,035 2,106,718
Cash at bank and in hand 4,736,569 3,784,668
5,642,604 5,891,386
CREDITORS
Amounts falling due within one year 10 940,050 1,034,782
NET CURRENT ASSETS 4,702,554 4,856,604
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,459,699

5,613,749

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Share premium 11 747,362 747,362
Retained earnings 11 4,709,337 4,863,387
SHAREHOLDERS' FUNDS 5,459,699 5,613,749

Company's (loss)/profit for the financial year (154,050 ) 468,938

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 her 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.

STROLLMOOR LIMITED (REGISTERED NUMBER: 01064630)

COMPANY BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 12 October 2023 and were signed by:





Mrs P S Graham - Director


STROLLMOOR LIMITED (REGISTERED NUMBER: 01064630)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 492,765 (30,728 )
Interest paid (390,569 ) (151,049 )
Tax refunds 41,139 -
Net cash from operating activities 143,335 (181,777 )

Cash flows from investing activities
Purchase of investment property (354,163 ) (121,540 )
Sale of tangible fixed assets - 1,000
Sale of investment property 1,093,324 44,988,948
Interest received 69,405 2,700
Net cash from investing activities 808,566 44,871,108

Cash flows from financing activities
Loan repayments in year - (3,664,470 )
Equity dividends paid - (39,000,000 )
Net cash from financing activities - (42,664,470 )

Increase in cash and cash equivalents 951,901 2,024,861
Cash and cash equivalents at beginning of
year

2

3,784,668

1,759,807

Cash and cash equivalents at end of year 2 4,736,569 3,784,668

STROLLMOOR LIMITED (REGISTERED NUMBER: 01064630)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023

1. RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
2023 2022
£    £   
(Loss)/profit before taxation (338,699 ) 575,841
Loss/(profit) on disposal of fixed assets 480,766 (909,191 )
Finance costs 390,569 151,049
Finance income (69,405 ) (2,700 )
463,231 (185,001 )
Decrease in trade and other debtors 56,190 50,244
(Decrease)/increase in trade and other creditors (26,656 ) 104,029
Cash generated from operations 492,765 (30,728 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2023
31.3.23 1.4.22
£    £   
Cash and cash equivalents 4,736,569 3,784,668
Year ended 31 March 2022
31.3.22 1.4.21
£    £   
Cash and cash equivalents 3,784,668 1,759,807


3. ANALYSIS OF CHANGES IN NET DEBT

At 1.4.22 Cash flow At 31.3.23
£    £    £   
Net cash
Cash at bank and in hand 3,784,668 951,901 4,736,569
3,784,668 951,901 4,736,569
Debt
Debts falling due within 1 year (12,925,155 ) - (12,925,155 )
(12,925,155 ) - (12,925,155 )
Total (9,140,487 ) 951,901 (8,188,586 )

STROLLMOOR LIMITED (REGISTERED NUMBER: 01064630)

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

1. STATUTORY INFORMATION

Strollmoor 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 General 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.

Basis of consolidation
The consolidated financial statements include the accounts of the company and its subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

Investments in companies in which the group has the ability to exercise significant influence over their operating and financial policies, but where the company and the group does not have a controlling financial interest are accounted for using the purchase method.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Significant judgements and estimates
In the application of the group's accounting policies, management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below.

Valuation of freehold and investment properties
As described in note 10 to the financial statements, investment property are stated at fair value based on valuation performed by an independent professional valuer Fussell Consultancy with recent experience in the location and category of property valued. The valuer used observable market prices adjusted as necessary for any difference in the future, location or condition of the specific asset.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

STROLLMOOR LIMITED (REGISTERED NUMBER: 01064630)

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

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided by the group to write off the cost of fixed tangible assets over their estimated useful economic lives by equal instalments at the following rates:

Furniture and fittings -100%
Plant and machinery - 25%
Motor vehicles - 25%

Freehold properties held and used in the group's activities for supplying of services or for administrative purposes are stated in the balance sheet of the company as investment properties. On consolidation, these are restated as freehold properties and are carried at their revalued amounts. The revalued amounts equates to their fair value at the date of revaluation. Any change in revaluation is recognised in the revaluation reserves.

No depreciation is provided on freehold properties.

Investment property
Investment properties are properties held for long term rental yields and include those that are being constructed or developed for future use as investment properties.

Investment properties are initially recognised at cost and subsequently carried at fair value, determined by independent professional valuers. Changes in fair value are recognised in the revaluation reserves.

Investment properties are subject to renovations or improvements at regular intervals. The cost of major renovations and improvements is capitalised and the carrying amounts of the replaced components are recognised in profit or loss. The cost of maintenance, repairs and minor improvements is recognised in profit or loss when incurred.

On disposal of an investment property, the difference between the disposal proceeds and the carrying amount is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

STROLLMOOR LIMITED (REGISTERED NUMBER: 01064630)

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

2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

The average number of employees by undertakings that were proportionately consolidated during the year was NIL (2022 - NIL).

4. EXCEPTIONAL ITEMS
2023 2022
£    £   
Sale of investment properties (480,766 ) 908,192

5. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


6. TANGIBLE FIXED ASSETS

Group
Freehold Fixtures
investment and
property fittings Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 990,000 887,663 1,877,663
DEPRECIATION
At 1 April 2022
and 31 March 2023 - 887,663 887,663
NET BOOK VALUE
At 31 March 2023 990,000 - 990,000
At 31 March 2022 990,000 - 990,000

STROLLMOOR LIMITED (REGISTERED NUMBER: 01064630)

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

7. FIXED ASSET INVESTMENTS

Company



Shares in
group
undertakings
£
COST
At 1 April 2022
and 31 March 2023 757,145
NET BOOK VALUE
At 31 March 2023 757,145

At 31 March 2022 757,145


The company's investments at the Balance Sheet date in the share capital of companies include the following wholly owned subsidiary undertakings which are incorporated in England and Wales, with registered office at E3, The Premier Centre, Abbey Park, Romsey, Hampshire SO51 9DG, United Kingdom:

Company Principal activity

Adeptus Limited Property trading and investment
Colebrook Holdings Limited Dormant
D & F Estates Limited Property investment
DWG Estates Limited Dormant
Dyson Holdings Limited Property investment
Elksian Securities Limited Property trading and investment
Glenfield Holdings Limited Dormant
Gweneth Estates Limited Property investment
J & L Estates Limited Dormant
Maxiacre Limited Property investment
Morribrook Investments Limited Property investment
Seal Estates Limited Property investment
Stoke Ideal Estates Limited Dormant
Super Estates Limited Dormant
Wayside Holdings Limited Property investment

8. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1 April 2022 40,064,278
Additions 354,163
Disposals (1,574,090 )
At 31 March 2023 38,844,351
NET BOOK VALUE
At 31 March 2023 38,844,351
At 31 March 2022 40,064,278

STROLLMOOR LIMITED (REGISTERED NUMBER: 01064630)

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

8. INVESTMENT PROPERTY - continued

Group

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2015 20,656,216
Cost 18,188,135
38,844,351

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 18,188,135 23,657,045
Aggregate depreciation (31,840 ) (31,840 )

investment properties were valued on an open market basis on 31 March 2015 by Fussell Consultancy MRICS .

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2023 2022 2023 2022
£    £    £    £   
Trade debtors 14,741 13,244 - -
Amounts owed by group undertakings - - 604,213 1,713,357
Other debtors 340,176 388,815 301,013 351,413
Tax 4,846 45,985 - 41,139
Deferred tax asset 68,925 68,925 - -
Prepayments 51,372 60,422 809 809
480,060 577,391 906,035 2,106,718

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2023 2022 2023 2022
£    £    £    £   
Bank loans and overdrafts 12,925,155 12,925,155 - -
Trade creditors 31,678 42,913 1,773 1,297
Tax 12,119 157,809 8,157 153,847
Other creditors 40,832 39,494 - -
Accruals and deferred income 1,213,677 1,135,230 - -
Accrued expenses 931,770 881,288 930,120 879,638
15,155,231 15,181,889 940,050 1,034,782

STROLLMOOR LIMITED (REGISTERED NUMBER: 01064630)

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

11. RESERVES

Group
Capital
Retained Share Revaluation redemption
earnings premium reserve reserve Totals
£    £    £    £    £   

At 1 April 2022 7,351,509 747,362 21,999,577 133,000 30,231,448
Deficit for the year (338,699 ) (338,699 )
Property revaluation 39,440 - (61,790 ) - (22,350 )
Property disposal 766,599 - (744,249 ) - 22,350
At 31 March 2023 7,818,849 747,362 21,193,538 133,000 29,892,749

Company
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2022 4,863,387 747,362 5,610,749
Deficit for the year (154,050 ) - (154,050 )
At 31 March 2023 4,709,337 747,362 5,456,699