3 31/03/2024 2024-03-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-04-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 11639503 2023-04-01 2024-03-31 11639503 2024-03-31 11639503 2023-03-31 11639503 2022-04-01 2023-03-31 11639503 2023-03-31 11639503 core:PlantMachinery 2023-04-01 2024-03-31 11639503 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 11639503 bus:Director1 2023-04-01 2024-03-31 11639503 core:PlantMachinery 2023-03-31 11639503 core:FurnitureFittingsToolsEquipment 2023-03-31 11639503 core:MotorVehicles 2023-03-31 11639503 core:PlantMachinery 2024-03-31 11639503 core:FurnitureFittingsToolsEquipment 2024-03-31 11639503 core:MotorVehicles 2024-03-31 11639503 core:WithinOneYear 2024-03-31 11639503 core:WithinOneYear 2023-03-31 11639503 core:MotorVehicles 2023-04-01 2024-03-31 11639503 core:ShareCapital 2024-03-31 11639503 core:ShareCapital 2023-03-31 11639503 core:RetainedEarningsAccumulatedLosses 2024-03-31 11639503 core:RetainedEarningsAccumulatedLosses 2023-03-31 11639503 core:PlantMachinery 2023-03-31 11639503 core:FurnitureFittingsToolsEquipment 2023-03-31 11639503 core:MotorVehicles 2023-03-31 11639503 bus:SmallEntities 2023-04-01 2024-03-31 11639503 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11639503 bus:FullAccounts 2023-04-01 2024-03-31 11639503 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11639503 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Company registration number: 11639503
Stubbing Hill Developments Ltd
Unaudited filleted financial statements
31 March 2024
Stubbing Hill Developments Ltd
Contents
Statement of financial position
Notes to the financial statements
Stubbing Hill Developments Ltd
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 46,519 63,042
_______ _______
46,519 63,042
Current assets
Debtors 6 34 2,690
Cash at bank and in hand 3,914 7,821
_______ _______
3,948 10,511
Creditors: amounts falling due
within one year 7 ( 375) ( 1,924)
_______ _______
Net current assets 3,573 8,587
_______ _______
Total assets less current liabilities 50,092 71,629
Provisions for liabilities ( 9,116) ( 9,116)
_______ _______
Net assets 40,976 62,513
_______ _______
Capital and reserves
Called up share capital 36 36
Profit and loss account 40,940 62,477
_______ _______
Shareholders funds 40,976 62,513
_______ _______
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 10 April 2024 , and are signed on behalf of the board by:
Mr Philip Charles Morris
Director
Company registration number: 11639503
Stubbing Hill Developments Ltd
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England & WAles. The address of the registered office is H & M Ltd, The Four Columns, Broughton Hall Business Park, Skipton, North Yorkshire, BD23 3AE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances and revaluation gains on investment properties. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in a settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.
Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 70,219 3,665 26,995 100,879
Disposals ( 2,900) ( 732) - ( 3,632)
_______ _______ _______ _______
At 31 March 2024 67,319 2,933 26,995 97,247
_______ _______ _______ _______
Depreciation
At 1 April 2023 23,930 1,804 12,103 37,837
Charge for the year 11,369 414 3,723 15,506
Disposals ( 2,087) ( 528) - ( 2,615)
_______ _______ _______ _______
At 31 March 2024 33,212 1,690 15,826 50,728
_______ _______ _______ _______
Carrying amount
At 31 March 2024 34,107 1,243 11,169 46,519
_______ _______ _______ _______
At 31 March 2023 46,289 1,861 14,892 63,042
_______ _______ _______ _______
6. Debtors
2024 2023
£ £
Other debtors 34 2,690
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 375 1,924
_______ _______