IRIS Accounts Productionv23.3.1.4502502093Board of Directors1.6.2231.5.2331.5.23falsetruefalsefalsetruefalseFair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh025020932022-05-31025020932023-05-31025020932022-06-012023-05-31025020932021-05-31025020932021-06-012022-05-31025020932022-05-3102502093ns10:Originalns15:EnglandWales2022-06-012023-05-3102502093ns14:PoundSterlingns10:Original2022-06-012023-05-3102502093ns10:Originalns10:Director12022-06-012023-05-3102502093ns10:Original2022-06-012023-05-3102502093ns10:Original2023-05-3102502093ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3102502093ns10:Originalns10:SmallEntities2022-06-012023-05-3102502093ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3102502093ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3102502093ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3102502093ns10:Originalns10:FullAccounts2022-06-012023-05-3102502093ns10:Originalns10:Director22022-06-012023-05-3102502093ns10:CompanySecretary1ns10:Original2022-06-012023-05-3102502093ns10:Originalns10:RegisteredOffice2022-06-012023-05-3102502093ns10:Original2022-05-3102502093ns10:Originalns5:CurrentFinancialInstruments2023-05-3102502093ns10:Originalns5:CurrentFinancialInstruments2022-05-3102502093ns5:ShareCapitalns10:Original2023-05-3102502093ns5:ShareCapitalns10:Original2022-05-3102502093ns10:Originalns5:RevaluationReserve2023-05-3102502093ns10:Originalns5:RevaluationReserve2022-05-3102502093ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3102502093ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3102502093ns10:Originalns5:FurnitureFittings2022-06-012023-05-3102502093ns10:Originalns5:ComputerEquipment2022-06-012023-05-3102502093ns10:Original2021-06-012022-05-3102502093ns10:Originalns5:FurnitureFittings2022-05-3102502093ns10:Originalns5:ComputerEquipment2022-05-3102502093ns10:Original2022-05-3102502093ns10:Originalns5:FurnitureFittings2023-05-3102502093ns10:Originalns5:ComputerEquipment2023-05-3102502093ns10:Originalns5:FurnitureFittings2022-05-3102502093ns10:Originalns5:ComputerEquipment2022-05-3102502093ns10:Originalns5:CostValuation2022-05-3102502093ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3102502093ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3102502093ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3102502093ns10:Originalns5:RevaluationReserve2022-05-3102502093ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-012023-05-3102502093ns10:Original1ns10:Director12022-05-3102502093ns10:Original1ns10:Director12021-05-3102502093ns10:Original1ns10:Director12022-06-012023-05-3102502093ns10:Original1ns10:Director12021-06-012022-05-3102502093ns10:Original1ns10:Director12023-05-3102502093ns10:Original1ns10:Director12022-05-31

REGISTERED NUMBER: 02502093 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 May 2023

for


The Stunt Company Limited


The Stunt Company Limited (Registered number: 02502093)







Contents of the Financial Statements

for the Year Ended 31 May 2023





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4




The Stunt Company Limited


Company Information

for the Year Ended 31 May 2023









DIRECTORS:

W D Michaels


Mrs T S Michaels







SECRETARY:

W D Michaels







REGISTERED OFFICE:

Poplars Farm


Crouch Lane


Winkfield


Windsor


Berkshire


SL4 4TL







REGISTERED NUMBER:

02502093 (England and Wales)







ACCOUNTANTS:

NT Accountancy


Chartered Accountants


43 Lynton Mead


London


N20 8DG


The Stunt Company Limited (Registered number: 02502093)


Balance Sheet

31 May 2023



31.5.23

31.5.22



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

22,599


14,361



Investments

5

50


50



Investment property

6

1,521,494


1,470,000



1,544,143


1,484,411




CURRENT ASSETS

Debtors

7

2,319,773


555,764



Cash at bank

413,184


1,963,234



2,732,957


2,518,998



CREDITORS

Amounts falling due within one year

8

363,111


248,582



NET CURRENT ASSETS

2,369,846


2,270,416



TOTAL ASSETS LESS CURRENT

LIABILITIES

3,913,989


3,754,827




PROVISIONS FOR LIABILITIES

53,850


53,850



NET ASSETS

3,860,139


3,700,977




CAPITAL AND RESERVES

Called up share capital

100


100



Reserve non distributable

9

836,298


836,298



Retained earnings

9

3,023,741


2,864,579



SHAREHOLDERS' FUNDS

3,860,139


3,700,977




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Stunt Company Limited (Registered number: 02502093)


Balance Sheet - continued

31 May 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 15 February 2024 and were signed on its behalf by:






W D Michaels - Director



The Stunt Company Limited (Registered number: 02502093)


Notes to the Financial Statements

for the Year Ended 31 May 2023


1.

STATUTORY INFORMATION



The Stunt Company 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.


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.    



Revenue recognition


Turnover represents interest received from loan advances made.



Tangible fixed assets


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.  


Fixtures and fittings

-

25% on reducing balance


Computer equipment

-

25% on reducing balance



Investment property


Investment property is included in the balance sheet at its fair value as estimated by the directors. Any movements in fair value are recognised in arriving at the profit before tax. Deferred tax is provided on gains in these movements where fair value exceeds the cost of the investment property. Deferred tax is provided at the rate expected to apply when the property is sold.



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.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 2 (2022 - 2 ) .


The Stunt Company Limited (Registered number: 02502093)


Notes to the Financial Statements - continued

for the Year Ended 31 May 2023


4.

TANGIBLE FIXED ASSETS


Fixtures



and


Computer



fittings


equipment


Totals

£   

£   

£   



COST


At 1 June 2022

99,024


11,028


110,052




Additions

11,661


4,109


15,770




At 31 May 2023

110,685


15,137


125,822




DEPRECIATION


At 1 June 2022

88,174


7,517


95,691




Charge for year

5,627


1,905


7,532




At 31 May 2023

93,801


9,422


103,223




NET BOOK VALUE


At 31 May 2023

16,884


5,715


22,599




At 31 May 2022

10,850


3,511


14,361




5.

FIXED ASSET INVESTMENTS


Other


investments

£   



COST


At 1 June 2022


and 31 May 2023

50




NET BOOK VALUE


At 31 May 2023

50




At 31 May 2022

50




6.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1 June 2022

1,470,000




Additions

51,494




At 31 May 2023

1,521,494




NET BOOK VALUE


At 31 May 2023

1,521,494




At 31 May 2022

1,470,000




The Stunt Company Limited (Registered number: 02502093)


Notes to the Financial Statements - continued

for the Year Ended 31 May 2023


6.

INVESTMENT PROPERTY - continued



Fair value at 31 May 2023 is represented by:

£   



Valuation in 2007

836,298




Cost

685,196



1,521,494




7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.5.23


31.5.22

£   

£   



Trade debtors

743,243


310,559




Amounts owed by associates

41,851


41,851




Other debtors

767,802


66,295




Directors' current accounts

633,037


-




Prepayments

133,840


137,059



2,319,773


555,764




8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.5.23


31.5.22

£   

£   



Corporation tax

273,355


53,026




Other creditors

41,493


20,282




Directors' current accounts

-


155,836




Accruals and deferred income

48,263


19,438



363,111


248,582




9.

RESERVES


Reserve



Retained


non



earnings


distributable


Totals

£   

£   

£   




At 1 June 2022

2,864,579


836,298


3,700,877




Profit for the year

241,162


241,162




Dividends

(82,000

)

(82,000

)



At 31 May 2023

3,023,741


836,298


3,860,039




Non distributable reserves represents the gain in fair value over and above the cost of the investment property. Deferred tax has been provided within the accounts on the gain in fair value.


The Stunt Company Limited (Registered number: 02502093)


Notes to the Financial Statements - continued

for the Year Ended 31 May 2023


10.

DIRECTORS' ADVANCES, CREDITS AND GUARANTEES



The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:



31.5.23


31.5.22

£   

£   



W D Michaels


Balance outstanding at start of year

-


-




Amounts advanced

633,037


-




Amounts repaid

-


-




Amounts written off

-


-




Amounts waived

-


-




Balance outstanding at end of year

633,037


-




During the year, the director has been charged a rate of Interest of 2% per annum and 2.25% from 6 April 2023 on the outstanding loan.The outstanding loan as at 31st May 2023 has been classified in debtors.