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REGISTERED NUMBER: 09401008 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

STONESIDE PROPERTIES LIMITED

STONESIDE PROPERTIES LIMITED (REGISTERED NUMBER: 09401008)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STONESIDE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr N Anastasiou





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 09401008 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

STONESIDE PROPERTIES LIMITED (REGISTERED NUMBER: 09401008)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,787 3,048
Investment property 5 306,598 306,598
309,385 309,646

CURRENT ASSETS
Debtors 6 61,408 10,714
Cash at bank and in hand 33,239 55,692
94,647 66,406
CREDITORS
Amounts falling due within one year 7 116,180 112,405
NET CURRENT LIABILITIES (21,533 ) (45,999 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

287,852

263,647

CREDITORS
Amounts falling due after more than one
year

8

125,129

140,712
NET ASSETS 162,723 122,935

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 162,722 122,934
SHAREHOLDERS' FUNDS 162,723 122,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

STONESIDE PROPERTIES LIMITED (REGISTERED NUMBER: 09401008)

BALANCE SHEET - continued
31 JANUARY 2024


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 director and authorised for issue on 26 March 2024 and were signed by:





Mr N Anastasiou - Director


STONESIDE PROPERTIES LIMITED (REGISTERED NUMBER: 09401008)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Stoneside Properties 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 represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts 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.
Fixtures and fittings - 20% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

STONESIDE PROPERTIES LIMITED (REGISTERED NUMBER: 09401008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023 6,658
Additions 435
At 31 January 2024 7,093
DEPRECIATION
At 1 February 2023 3,610
Charge for year 696
At 31 January 2024 4,306
NET BOOK VALUE
At 31 January 2024 2,787
At 31 January 2023 3,048

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 306,598
NET BOOK VALUE
At 31 January 2024 306,598
At 31 January 2023 306,598

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Amounts due from related
companies 60,800 10,000
Prepayments 608 714
61,408 10,714

STONESIDE PROPERTIES LIMITED (REGISTERED NUMBER: 09401008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts (see note 9) 27,473 23,818
Trade creditors 1,783 982
Tax 9,368 8,519
Amounts due to related company 25,200 25,200
Directors' current accounts 49,517 50,077
Accrued expenses 2,839 3,809
116,180 112,405

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans (see note 9) 125,129 140,712

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 15,237 45,440

9. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 27,473 23,818

Amounts falling due between one and two years:
Bank loans - 1-2 years 27,473 23,818

Amounts falling due between two and five years:
Bank loans - 2-5 years 82,419 71,454

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 15,237 45,440

STONESIDE PROPERTIES LIMITED (REGISTERED NUMBER: 09401008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Ordinary Shares £1 1 1