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REGISTERED NUMBER: 02225842












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

S & A Stone Limited

S & A Stone Limited (Registered number: 02225842)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


S & A Stone Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr C A Stone
Mrs C Stone





REGISTERED OFFICE: Redland House
157 Redland Road
Redland
Bristol
BS6 6YE





REGISTERED NUMBER: 02225842





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

S & A Stone Limited (Registered number: 02225842)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,444 10,029
Investment property 5 1,761,156 1,760,122
1,783,600 1,770,151

CURRENT ASSETS
Debtors 6 17,894 23,722
Cash at bank 193,026 154,849
210,920 178,571
CREDITORS
Amounts falling due within one year 7 744,209 783,924
NET CURRENT LIABILITIES (533,289 ) (605,353 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,250,311

1,164,798

PROVISIONS FOR LIABILITIES 4,265 1,906
NET ASSETS 1,246,046 1,162,892

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,245,946 1,162,792
SHAREHOLDERS' FUNDS 1,246,046 1,162,892

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 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.

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 23 October 2023 and were signed on its behalf by:



Mr C A Stone - Director


S & A Stone Limited (Registered number: 02225842)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

S & A Stone Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Plant and machinery etc - 33.33% on straight line basis, 25% on reducing balance basis and 15% on reducing balance basis

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.

3. EMPLOYEES AND DIRECTORS

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

S & A Stone Limited (Registered number: 02225842)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 19,365
Additions 18,578
At 31 March 2023 37,943
DEPRECIATION
At 1 April 2022 9,336
Charge for year 6,163
At 31 March 2023 15,499
NET BOOK VALUE
At 31 March 2023 22,444
At 31 March 2022 10,029

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2022 1,760,122
Additions 1,034
At 31 March 2023 1,761,156
NET BOOK VALUE
At 31 March 2023 1,761,156
At 31 March 2022 1,760,122

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially
recognised at cost, which includes the purchase cost and any directly attributable expenditure.
Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation
is recognised in profit or loss.

Cost or valuation at 31 March 2023 is represented by:
£   
Valuation in 2020 850,000
Valuation in 2021 910,122
Valuation in 2023 1,034
1,761,156

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,761,156 1,760,122
Aggregate depreciation 328,832 305,350

investment property was valued on open market basis on 31 March 2023 by the Directors .

S & A Stone Limited (Registered number: 02225842)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,894 23,722

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 304 2,319
Amounts owed to group undertakings 704,044 743,862
Taxation and social security 26,274 21,120
Other creditors 13,587 16,623
744,209 783,924

8. RELATED PARTY DISCLOSURES

At the year end there was a loan outstanding from S&A Stone Holdings Limited, the parent company, in the sum of £704,044 (2022 £743,862).

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of S & A Stone Holdings Limited, a company incorporated in England and Wales.