STONEHOUSE COMMERCIAL PROPERTIES LTD

Company Registration Number:
14791509 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 11 April 2023

End date: 31 December 2023

STONEHOUSE COMMERCIAL PROPERTIES LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

STONEHOUSE COMMERCIAL PROPERTIES LTD

Balance sheet

As at 31 December 2023


Notes

9 months to 31 December 2023


£
Fixed assets
Tangible assets: 3 1,134,766
Total fixed assets: 1,134,766
Current assets
Debtors:   811,206
Cash at bank and in hand: 3,314
Total current assets: 814,520
Creditors: amounts falling due within one year:   (1,937,954)
Net current assets (liabilities): (1,123,434)
Total assets less current liabilities: 11,332
Total net assets (liabilities): 11,332
Capital and reserves
Called up share capital: 1
Profit and loss account: 11,331
Shareholders funds: 11,332

The notes form part of these financial statements

STONEHOUSE COMMERCIAL PROPERTIES LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 April 2024
and signed on behalf of the board by:

Name: Mr P W E Leoni Sceti
Status: Director

The notes form part of these financial statements

STONEHOUSE COMMERCIAL PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Sale of investment properties are recognised in respect of contracts completed during the year. Theprofit or loss on disposal of property developments is determined as the difference between the saleproceeds and the carrying value of the assets at the date of disposal. Revenue in respect of lettingactivity is measured at the fair value of the consideration received or receivable from rental income, netof Value Added Tax.

Tangible fixed assets and depreciation policy

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:Fittings fixtures and equipment - 25% straight lineIf there is an indication that there has been a significant change in depreciation rate, useful life orresidual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Other accounting policies

Investment propertyInvestment property is measured initially at cost, which includes purchase price and any directlyattributable expenditure. Investment property is revalued to its fair value at each reporting date and anychanges in fair value are recognised in profit or loss.

STONEHOUSE COMMERCIAL PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

9 months to 31 December 2023
Average number of employees during the period 0

STONEHOUSE COMMERCIAL PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
Additions 1,135,391
At 31 December 2023 1,135,391
Depreciation
Charge for year 625
At 31 December 2023 625
Net book value
At 31 December 2023 1,134,766

STONEHOUSE COMMERCIAL PROPERTIES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Related party transactions

The Company has take advantage of exemptions available in FRS102 to not disclose transactions with the fellow group companies.