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
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
Stonebridge of Highgate Limited
Statement of financial position
as at 31 July 2023
Tangible assets
38,498
41,585
Cash at bank and in hand
16,123
10,023
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)
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
Stonebridge of Highgate Limited
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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.
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
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
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
Amounts falling due within one year
Other debtors
11,250
11,250
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
Taxes and social security
30,794
12,583
Loans from directors
3,111
2,160
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).