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REGISTERED NUMBER: 11493213 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Stephens Property Investments Ltd

Stephens Property Investments Ltd (Registered number: 11493213)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stephens Property Investments Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: A P Stephens
Mrs S L Stephens





REGISTERED OFFICE: 9 College Road
Bromsgrove
Worcestershire
B60 2NF





REGISTERED NUMBER: 11493213 (England and Wales)





ACCOUNTANTS: Attwoods
Chartered Certified Accountants
182 Worcester Road
Bromsgrove
Worcestershire
B61 7AZ

Stephens Property Investments Ltd (Registered number: 11493213)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,266,420 1,115,049

CURRENT ASSETS
Debtors 5 14,969 893
Cash at bank 2,232 21,050
17,201 21,943
CREDITORS
Amounts falling due within one year 6 581 477
NET CURRENT ASSETS 16,620 21,466
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,283,040

1,136,515

CREDITORS
Amounts falling due after more than one
year

7

(1,106,895

)

(998,958

)

PROVISIONS FOR LIABILITIES (33,095 ) (25,763 )
NET ASSETS 143,050 111,794

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 8 160,775 111,356
Retained earnings (17,727 ) 436
SHAREHOLDERS' FUNDS 143,050 111,794

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Stephens Property Investments Ltd (Registered number: 11493213)

Balance Sheet - continued
31 July 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 8 April 2024 and were signed on its behalf by:





Mrs S L Stephens - Director


Stephens Property Investments Ltd (Registered number: 11493213)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Stephens Property Investments 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).

Stephens Property Investments Ltd (Registered number: 11493213)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 1,115,049
Additions 90,360
Revaluations 61,011
At 31 July 2023 1,266,420
NET BOOK VALUE
At 31 July 2023 1,266,420
At 31 July 2022 1,115,049

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2021 42,113
Valuation in 2022 95,364
Valuation in 2023 61,011
Cost 1,067,932
1,266,420

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 13,893 -
Prepayments 1,076 893
14,969 893

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other creditors 161 147
Accrued expenses 420 330
581 477

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans more 5 yrs non-inst 730,729 729,331
Directors' loan accounts 376,166 269,627
1,106,895 998,958

Stephens Property Investments Ltd (Registered number: 11493213)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.7.23 31.7.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 730,729 729,331

8. RESERVES
Revaluation
reserve
£   
At 1 August 2022 111,356
Revaluations 61,011
Deferred tax (11,592 )

At 31 July 2023 160,775