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REGISTERED NUMBER: 01069962 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Stanford Management Services Limited

Stanford Management Services Limited (Registered number: 01069962)






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


Stanford Management Services Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: S J Readings
J A Readings





SECRETARY: S J Readings





REGISTERED OFFICE: Redburn House 2 Tonbridge Road
Harold Hill
Romford
Essex
RM3 8QE





REGISTERED NUMBER: 01069962 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
London
SE19 3RW

Stanford Management Services Limited (Registered number: 01069962)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Investments 5 100 100
Investment property 6 2,812,686 2,812,686
2,812,786 2,812,786

CURRENT ASSETS
Debtors 7 80,604 1,497,748
Cash at bank and in hand 23,744 97,796
104,348 1,595,544
CREDITORS
Amounts falling due within one year 8 330,732 507,872
NET CURRENT (LIABILITIES)/ASSETS (226,384 ) 1,087,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,586,402

3,900,458

CREDITORS
Amounts falling due after more than one
year

9

(23,333

)

(33,333

)

PROVISIONS FOR LIABILITIES (187,598 ) (187,598 )
NET ASSETS 2,375,471 3,679,527

CAPITAL AND RESERVES
Called up share capital 11 6,700 6,700
Capital redemption reserve 12 3,300 3,300
Non distributable reserves 12 1,731,940 1,731,941
Retained earnings 12 633,531 1,937,586
SHAREHOLDERS' FUNDS 2,375,471 3,679,527

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.

Stanford Management Services Limited (Registered number: 01069962)

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:





S J Readings - Director


Stanford Management Services Limited (Registered number: 01069962)

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

1. STATUTORY INFORMATION

Stanford Management Services 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Other income
Other income is derived from the rent received from the investment properties.

Stanford Management Services Limited (Registered number: 01069962)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 100
NET BOOK VALUE
At 28 February 2023 100
At 28 February 2022 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 2,812,686
NET BOOK VALUE
At 28 February 2023 2,812,686
At 28 February 2022 2,812,686

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2000 192,540
Valuation in 2001 676,000
Valuation in 2012 200,474
Valuation in 2016 190,000
Valuation in 2019 400,000
Cost 1,153,672
2,812,686

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

28.2.23 28.2.22
£    £   
Cost 1,153,672 1,153,672

Investment properties were valued on an open market basis on by the directors .

Stanford Management Services Limited (Registered number: 01069962)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 11,350 18,138
Other debtors 69,254 1,479,610
80,604 1,497,748

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 10,000 47,235
Taxation and social security 258,981 369,576
Other creditors 61,751 91,061
330,732 507,872

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 23,333 33,333

10. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 33,333 80,568

The bank overdraft and bank loans are secured by fixed and floating charges over freehold land and buildings and all assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
6,700 Ordinary Shares of £ 1 6,700 6,700

12. RESERVES
Capital Non
Retained redemption distributable
earnings reserve reserves Totals
£    £    £    £   

At 1 March 2022 1,937,586 3,300 1,731,940 3,672,826
Deficit for the year (1,304,055 ) (1,304,055 )
At 28 February 2023 633,531 3,300 1,731,940 2,368,771