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REGISTERED NUMBER: 06372488 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

STANNARY PROPERTY LIMITED

STANNARY PROPERTY LIMITED (REGISTERED NUMBER: 06372488)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STANNARY PROPERTY LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTORS: P M Forsdike
R M Haig
J A Deighan
C M Hudson
A C Mullett





REGISTERED OFFICE: Units B-D 3 Whitacre Mews
Stannary Street
London
SE11 4AB





REGISTERED NUMBER: 06372488 (England and Wales)

STANNARY PROPERTY LIMITED (REGISTERED NUMBER: 06372488)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,050,000 1,624,150

CURRENT ASSETS
Cash at bank 43,316 30,216

CREDITORS
Amounts falling due within one year 5 480,959 503,038
NET CURRENT LIABILITIES (437,643 ) (472,822 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

612,357

1,151,328

PROVISIONS FOR LIABILITIES - 64,943
NET ASSETS 612,357 1,086,385

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 612,257 1,086,285
612,357 1,086,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 10 November 2023 and were signed on its behalf by:



J A Deighan - Director


STANNARY PROPERTY LIMITED (REGISTERED NUMBER: 06372488)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Stannary Property 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 Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 1,624,150
Revaluations (574,150 )
At 28 February 2023 1,050,000
NET BOOK VALUE
At 28 February 2023 1,050,000
At 28 February 2022 1,624,150

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2020 600,996
Valuation in 2023 (574,150 )
Cost 1,023,154
1,050,000

STANNARY PROPERTY LIMITED (REGISTERED NUMBER: 06372488)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. INVESTMENT PROPERTY - continued

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

2023 2022
£    £   
Cost 1,023,154 1,023,154
Aggregate depreciation (212,570 ) (199,285 )

The property was revalued on 31 January 2023 based on a valuation by Sanderson Weatherall, independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 280,000 280,000
Amounts owed to associates 180,000 210,000
Taxation and social security 8,252 9,897
Other creditors 12,707 3,141
480,959 503,038

6. OTHER FINANCIAL COMMITMENTS

The company is committed to ground rent payments under the terms of the leases it has entered into in respect of its investment property amounting to £279,650.

7. RELATED PARTY DISCLOSURES

Included within creditors is £280,000 (2022: £280,000) owed to SPUC Pro-Life Limited, which is a shareholder of the company. This balance is interest free and there are no fixed terms for repayment.

Included within creditors is £180,000 (2022: £210,000) owed to SPUC Education and Research Trust, which is a shareholder of the company. There are no fixed terms for repayment and £40,000 of this balance is interest free while the remainder is interest bearing.