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REGISTERED NUMBER: 06829942 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Stilling Ltd

Stilling Ltd (Registered number: 06829942)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stilling Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: N T Still
C R Sherling
Mrs S A Sherling
Mrs N J Still





SECRETARY: Mrs N J Still





REGISTERED OFFICE: 21 Church Road
Parkstone
Poole
Dorset
BH14 8UF





REGISTERED NUMBER: 06829942 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Stilling Ltd (Registered number: 06829942)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,500,000 1,500,000

CURRENT ASSETS
Debtors 5 178,290 147,447
Cash at bank 2,862 1,279
181,152 148,726
CREDITORS
Amounts falling due within one year 6 33,037 35,705
NET CURRENT ASSETS 148,115 113,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,648,115

1,613,021

CREDITORS
Amounts falling due after more than one
year

7

(1,081,523

)

(1,081,523

)

PROVISIONS FOR LIABILITIES (75,059 ) (75,059 )
NET ASSETS 491,533 456,439

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 491,433 456,339
SHAREHOLDERS' FUNDS 491,533 456,439

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.

Stilling Ltd (Registered number: 06829942)

Balance Sheet - continued
28 February 2023


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 27 November 2023 and were signed on its behalf by:





N T Still - Director


Stilling Ltd (Registered number: 06829942)

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

1. STATUTORY INFORMATION

Stilling Ltd 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.

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.

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).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 1,500,000
NET BOOK VALUE
At 28 February 2023 1,500,000
At 28 February 2022 1,500,000

Stilling Ltd (Registered number: 06829942)

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

4. INVESTMENT PROPERTY - continued

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2010 134,695
Valuation in 2013 75,000
Valuation in 2015 110,353
Valuation in 2016 75,000
Cost 1,104,952
1,500,000

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

2023 2022
£    £   
Cost 1,104,952 1,104,952

Investment properties were valued on an open market basis on 28 February 2023 by Mr N T Still, director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,300 1,300
Other debtors 176,990 146,147
178,290 147,447

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,628 13,762
Taxation and social security 19,271 20,382
Other creditors 3,138 1,561
33,037 35,705

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 1,081,523 1,081,523