STONEGATE HOMES LIMITED

Company Registration Number:
07440404 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2022

Period of accounts

Start date: 01 December 2021

End date: 30 November 2022

STONEGATE HOMES LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2022

Balance sheet
Notes

STONEGATE HOMES LIMITED

Balance sheet

As at 30 November 2022


Notes

2022

2021


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 632,253 635,017
Investments: 4 66,315 66,215
Total fixed assets: 698,568 701,232
Current assets
Stocks: 2,889,729 3,206,731
Debtors:   8,731,747 4,474,988
Cash at bank and in hand: 268,625 404,392
Total current assets: 11,890,101 8,086,111
Creditors: amounts falling due within one year: 5 (8,362,096) (4,822,069)
Net current assets (liabilities): 3,528,005 3,264,042
Total assets less current liabilities: 4,226,573 3,965,274
Creditors: amounts falling due after more than one year: 6 (3,653,054) (3,212,775)
Total net assets (liabilities): 573,519 752,499
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 573,419 752,399
Shareholders funds: 573,519 752,499

The notes form part of these financial statements

STONEGATE HOMES LIMITED

Balance sheet statements

For the year ending 30 November 2022 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 17 January 2024
and signed on behalf of the board by:

Name: 17/01/2024
Status: Director

The notes form part of these financial statements

STONEGATE HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2022

1. Accounting policies

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

STONEGATE HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2022

2. Employees

2022 2021
Average number of employees during the period 8 11

STONEGATE HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2022

3. Tangible Assets

Total
Cost £
At 01 December 2021 723,488
Additions 5,461
At 30 November 2022 728,949
Depreciation
At 01 December 2021 88,471
Charge for year 8,225
At 30 November 2022 96,696
Net book value
At 30 November 2022 632,253
At 30 November 2021 635,017

STONEGATE HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2022

4. Fixed investments

Investment properties are included in the balance sheet at their open market value at the balance sheet date.The resulting aggregate surplus or deficit is transferred to a revaluation reserve.Depreciation is provided only to those investment properties whichare leasehold and where the unexpired lease term is less than 20years.

STONEGATE HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2022

5. Creditors: amounts falling due within one year note

Bounce back loans £10648Loan £250000Amounts owed to Group undertakings £3150492Amounts owed to Participating interests £2653115Amounts owed to Associated undertakings £1116035PAYE and security £181342Accrued expenses £10000Other creditors £990464

STONEGATE HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2022

6. Creditors: amounts falling due after more than one year note

Mortgage loans £274946Bounce back loan £21608Loan account £3356500

STONEGATE HOMES LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2022

7. Related party transactions

Name of the related party:
Relationship:
Investor
Description of the Transaction: Loan to finance the business and to invest in the properties
£
Balance at 01 December 2021 0
Balance at 30 November 2022 0
Name of the related party:
Relationship:
INVESTOR
Description of the Transaction: Financing the business
£
Balance at 01 December 2021 4,008,854
Balance at 30 November 2022 6,919,642
Name of the related party:
Relationship:
Financing the business
Description of the Transaction: Loan
£
Balance at 01 December 2021 2,477,435
Balance at 30 November 2022 6,148,643