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REGISTERED NUMBER: 11625151 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Stoney Brook Farm Limited

Stoney Brook Farm Limited (Registered number: 11625151)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stoney Brook Farm Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: T J O Reynolds





REGISTERED OFFICE: Building 6000 Langstone Technology Park
Langstone Road
Havant
Hampshire
PO9 1SA





REGISTERED NUMBER: 11625151 (England and Wales)





ACCOUNTANTS: AM-PM Accounting Solutions Limited
Building 6000
Langstone Technology Park
Langstone Road
Havant
Hampshire
PO9 1SA

Stoney Brook Farm Limited (Registered number: 11625151)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 885 421
Investment property 5 509,417 509,417
510,302 509,838

CURRENT ASSETS
Debtors 6 - 620
Cash at bank 1,765 5,394
1,765 6,014
CREDITORS
Amounts falling due within one year 7 140,018 142,950
NET CURRENT LIABILITIES (138,253 ) (136,936 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

372,049

372,902

CREDITORS
Amounts falling due after more than one
year

8

(343,944

)

(347,828

)

PROVISIONS FOR LIABILITIES (168 ) (80 )
NET ASSETS 27,937 24,994

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 27,837 24,894
SHAREHOLDERS' FUNDS 27,937 24,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Stoney Brook Farm Limited (Registered number: 11625151)

Balance Sheet - continued
31 October 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 January 2024 and were signed by:





T J O Reynolds - Director


Stoney Brook Farm Limited (Registered number: 11625151)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Stoney Brook Farm 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax 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.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% 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 Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Stoney Brook Farm Limited (Registered number: 11625151)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 1,000
Additions 759
At 31 October 2023 1,759
DEPRECIATION
At 1 November 2022 579
Charge for year 295
At 31 October 2023 874
NET BOOK VALUE
At 31 October 2023 885
At 31 October 2022 421

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 509,417
NET BOOK VALUE
At 31 October 2023 509,417
At 31 October 2022 509,417

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors - 620

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 8,277 14,258
Taxation and social security 1,049 -
Other creditors 130,692 128,692
140,018 142,950

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Other creditors 343,944 347,828

Stoney Brook Farm Limited (Registered number: 11625151)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.10.23 31.10.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Loan +5 years R Reynolds 343,944 347,828

9. RELATED PARTY DISCLOSURES

Included within other creditors at 31st October 2023 is a loan balance totalling £129,852 (2022: £127,542) owed to Mr T Reynolds, a director. This loan account was not overdrawn in the year, and was provided is interest free and repayable on demand.

Included in other creditors is a loan totalling £150,944 (2022: £154,828 to Mr R Reynolds, the father of the Director. This loan was provided at a commercial rate of interest charged monthly based on the Consumer price index commencing the 31st of December 2020. Interest charges commenced on the 31st of December 2020.

Included in other creditors is a loan totalling £193,000 to Mrs S Reynolds, the mother of the Director. This loan was provided at a commercial rate of interest charged monthly based on the Consumer price index commencing on the 31st of December 2028. Interest charges commence on the 31st December 2028.

At the year end the company owed £8,278 (2022: £14,258) to New City Joinery Limited, a company owned by the director. This amount relates to work carried out in the year.

10. ULTIMATE CONTROLLING PARTY

The controlling party is T J O Reynolds.