1 May 2022 false No description of principal activity Taxfiler 2023.10.1 11360204business:PrivateLimitedCompanyLtd2022-05-012023-03-31 113602042022-04-30 113602042022-05-012023-03-31 11360204business:AuditExemptWithAccountantsReport2022-05-012023-03-31 11360204business:FilletedAccounts2022-05-012023-03-31 113602042023-03-31 113602042022-04-30 11360204core:WithinOneYear2023-03-31 11360204core:WithinOneYear2022-04-30 11360204core:AfterOneYear2023-03-31 11360204core:AfterOneYear2022-04-30 11360204core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 11360204core:ShareCapitalcore:PreviouslyStatedAmount2022-04-30 11360204core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 11360204core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-04-30 11360204core:PreviouslyStatedAmount2023-03-31 11360204core:PreviouslyStatedAmount2022-04-30 11360204business:SmallEntities2022-05-012023-03-31 11360204business:Director12022-05-012023-03-31 11360204countries:EnglandWales2022-05-012023-03-31 11360204business:RegisteredOffice2022-05-012023-03-31 11360204core:RevaluationPropertyDeferredTax2023-03-31 11360204core:RevaluationPropertyDeferredTax2022-04-30 113602042021-04-30 113602042021-05-012022-04-30 11360204business:Director112022-05-012023-03-31 11360204business:Director112022-04-30 11360204business:Director112023-03-31 11360204business:Director22022-05-012023-03-31 11360204business:Director222022-05-012023-03-31 11360204business:Director222022-04-30 11360204business:Director222023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 11360204 (England and Wales)
Stephen Charles Property Management Ltd Unaudited accounts for the period from 1 May 2022 to 31 March 2023
Stephen Charles Property Management Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
- 
163,328 
Current assets
Debtors
50,721 
8,917 
Cash at bank and in hand
14,597 
936 
65,318 
9,853 
Creditors: amounts falling due within one year
(18,746)
(134,399)
Net current assets/(liabilities)
46,572 
(124,546)
Total assets less current liabilities
46,572 
38,782 
Creditors: amounts falling due after more than one year
(28,665)
(44,167)
Net assets/(liabilities)
17,907 
(5,385)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
17,905 
(5,387)
Shareholders' funds
17,907 
(5,385)
For the period ending 31 March 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 16 November 2023 and were signed on its behalf by
Liam Hague Director Company Registration No. 11360204
- 2 -
Stephen Charles Property Management Ltd Notes to the Accounts for the period from 1 May 2022 to 31 March 2023
1
Statutory information
Stephen Charles Property Management Ltd is a private company, limited by shares, registered in England and Wales, registration number 11360204. The registered office is 24 RUSSET WAY, BIDFORD-ON-AVON, ALCESTER, B50 4QN, UNITED KINGDOM.
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 period, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2023 
£ 
Fair value at 1 May 2022
163,328 
Disposals
(163,328)
At 31 March 2023
- 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
3,117 
Amounts falling due after more than one year
Other debtors
50,721 
5,800 
- 3 -
Stephen Charles Property Management Ltd Notes to the Accounts for the period from 1 May 2022 to 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
5,833 
Trade creditors
697 
476 
Taxes and social security
7,270 
483 
Loans from directors
- 
126,851 
Accruals
779 
756 
18,746 
134,399 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
28,665 
44,167 
8
Deferred taxation
2023 
2022 
£ 
£ 
Revaluation of land and buildings
- 
(3,117)
2023 
2022 
£ 
£ 
Provision at start of period
(3,117)
(2,195)
Charged/(credited) to the profit and loss account
3,117 
(922)
Provision at end of period
- 
(3,117)
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Liam Hague
Loan repayable on demand
- 
14,909 
- 
14,909 
Amy Wagner
Loan repayable on demand
- 
14,909 
- 
14,909 
- 
29,818 
- 
29,818 
10
Average number of employees
During the period the average number of employees was 2 (2022: 1).
- 4 -