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Company Registration No. 10849591 (England and Wales)
Stonebridge of Highgate Limited Unaudited accounts for the year ended 31 July 2023
Stonebridge of Highgate Limited Unaudited accounts Contents
Page
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Stonebridge of Highgate Limited Company Information for the year ended 31 July 2023
Directors
P V James C E Beauchamp-Ward
Company Number
10849591 (England and Wales)
Registered Office
49 Highgate West Hill London N6 6DA
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Stonebridge of Highgate Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
38,498 
41,585 
Current assets
Debtors
32,992 
63,576 
Cash at bank and in hand
16,123 
10,023 
49,115 
73,599 
Creditors: amounts falling due within one year
(110,131)
(47,763)
Net current (liabilities)/assets
(61,016)
25,836 
Total assets less current liabilities
(22,518)
67,421 
Creditors: amounts falling due after more than one year
(53,024)
(77,100)
Net liabilities
(75,542)
(9,679)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(75,544)
(9,681)
Shareholders' funds
(75,542)
(9,679)
For the year ending 31 July 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2024 and were signed on its behalf by
P V James Director Company Registration No. 10849591
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Stonebridge of Highgate Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Stonebridge of Highgate Limited is a private company, limited by shares, registered in England and Wales, registration number 10849591. The registered office is 49 Highgate West Hill, London, N6 6DA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
straight line over the life of the lease
Fixtures & fittings
20% straight line basis
Computer equipment
20% straight line basis
Going concern
The financial statements have been prepared on the going concern basis which the Directors believe to be appropriate. The company continues with the support of its directors and shareholders. The Directors are fully aware of their responsibilities and will not allow any of the creditors to suffer as a result of their decision to allow the company to continue under the circumstances.
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Stonebridge of Highgate Limited Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2022
35,582 
- 
11,441 
17,766 
64,789 
Additions
- 
4,984 
615 
- 
5,599 
At 31 July 2023
35,582 
4,984 
12,056 
17,766 
70,388 
Depreciation
At 1 August 2022
8,676 
- 
4,874 
9,654 
23,204 
Charge for the year
2,169 
1,249 
2,490 
2,778 
8,686 
At 31 July 2023
10,845 
1,249 
7,364 
12,432 
31,890 
Net book value
At 31 July 2023
24,737 
3,735 
4,692 
5,334 
38,498 
At 31 July 2022
26,906 
- 
6,567 
8,112 
41,585 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
(874)
833 
Trade debtors
- 
2,400 
Other debtors
11,250 
11,250 
10,376 
14,483 
Amounts falling due after more than one year
Other debtors
22,616 
49,093 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
56,315 
13,957 
VAT
18,771 
966 
Trade creditors
- 
17,391 
Taxes and social security
30,794 
12,583 
Other creditors
1,140 
706 
Loans from directors
3,111 
2,160 
110,131 
47,763 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
53,024 
77,100 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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