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REGISTERED NUMBER: 08339292 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Stronghold Property Management Limited

Stronghold Property Management Limited (Registered number: 08339292)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stronghold Property Management Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: B Cinderey-Smith
Mrs N J Cinderey-Smith





SECRETARY: Mrs N J Cinderey-Smith





REGISTERED OFFICE: Elmbrook High Street
Brierley
Drybrook
Gloucestershire
GL17 9DJ





REGISTERED NUMBER: 08339292 (England and Wales)





ACCOUNTANTS: SA Accountancy
5 Victoria Street
Cinderford
Gloucestershire
GL14 2ET

Stronghold Property Management Limited (Registered number: 08339292)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 375,500 375,500
Investments 5 232,000 271,000
607,500 646,500

CURRENT ASSETS
Stocks 228,541 -
Debtors 6 155,265 137
Cash at bank and in hand 2,001,250 66,558
2,385,056 66,695
CREDITORS
Amounts falling due within one year 7 27,759 34,266
NET CURRENT ASSETS 2,357,297 32,429
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,964,797

678,929

CAPITAL AND RESERVES
Called up share capital 1,004 1,004
Share premium 270,000 270,000
Retained earnings 2,693,793 407,925
SHAREHOLDERS' FUNDS 2,964,797 678,929

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Stronghold Property Management Limited (Registered number: 08339292)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by:




B Cinderey-Smith - Director



Mrs N J Cinderey-Smith - Director


Stronghold Property Management Limited (Registered number: 08339292)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Stronghold Property Management 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Stronghold Property Management Limited (Registered number: 08339292)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 December 2022
and 30 November 2023 375,500
NET BOOK VALUE
At 30 November 2023 375,500
At 30 November 2022 375,500

Included in cost of land and buildings is freehold land of £ 375,500 (2022 - £ 375,500 ) which is not depreciated.

5. FIXED ASSET INVESTMENTS

30.11.23 30.11.22
£    £   
Shares in group undertakings - 271,000
Loans to undertakings in which the company has
a participating interest

232,000

-
232,000 271,000

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 December 2022 271,000
Disposals (271,000 )
At 30 November 2023 -
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 271,000
Loans to
associates
£   
New in year 232,000
At 30 November 2023 232,000

Stronghold Property Management Limited (Registered number: 08339292)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 80,506 137
Other debtors 74,759 -
155,265 137

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 1,052 7,629
Other creditors 26,707 26,637
27,759 34,266