Registered number
05354590
Stoman Developments Limited
Filleted Accounts
28 February 2023
Stoman Developments Limited
Registered number: 05354590
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 10,710 -
Cash at bank and in hand 3,079 44,027
13,789 44,027
Creditors: amounts falling due within one year 4 (13,607) (25,856)
Net current assets 182 18,171
Net assets 182 18,171
Capital and reserves
Called up share capital 100 100
Profit and loss account 82 18,071
Shareholders' funds 182 18,171
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Neil Stones
Director
Approved by the board on 15.11.23
Stoman Developments Limited
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the total invoice value of rents receivable during the financial year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than leasehold land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life. The directors consider that the inclusion of the property at cost only, shows a true and fair view.
Furniture and fittings 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2023 2022
£ £
Other debtors 10,710 -
4 Creditors: amounts falling due within one year 2023 2022
£ £
Directors loan accounts 9,973 21,952
Other creditors 3,634 3,904
13,607 25,856
5 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
P T Mannion
[Loan 1] 104 (43,356) 32,542 (10,710)
104 (43,356) 32,542 (10,710)
6 Other information
Stoman Developments Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 Carlton Crescent
Urmstone
Manchester
M41 9HZ
Stoman Developments Limited 05354590 false 2022-03-01 2023-02-28 2023-02-28 VT Final Accounts October 2023 release 2 Neil Stones No description of principal activity 05354590 2021-03-01 2022-02-28 05354590 core:WithinOneYear 2022-02-28 05354590 core:ShareCapital 2022-02-28 05354590 core:RetainedEarningsAccumulatedLosses 2022-02-28 05354590 2022-03-01 2023-02-28 05354590 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 05354590 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 05354590 bus:Director40 2022-03-01 2023-02-28 05354590 1 2022-03-01 2023-02-28 05354590 2 2022-03-01 2023-02-28 05354590 bus:Director2 2022-03-01 2023-02-28 05354590 bus:Director2 1 2022-03-01 2023-02-28 05354590 countries:England 2022-03-01 2023-02-28 05354590 bus:FRS102 2022-03-01 2023-02-28 05354590 bus:FullAccounts 2022-03-01 2023-02-28 05354590 2023-02-28 05354590 core:WithinOneYear 2023-02-28 05354590 core:ShareCapital 2023-02-28 05354590 core:RetainedEarningsAccumulatedLosses 2023-02-28 05354590 bus:Director2 1 2023-02-28 05354590 2022-02-28 05354590 bus:Director2 1 2022-02-28 iso4217:GBP xbrli:pure