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REGISTERED NUMBER: 03368490 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Stradbroke Investments Limited

Stradbroke Investments Limited (Registered number: 03368490)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Stradbroke Investments Limited (Registered number: 03368490)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 811,000 819,000

CURRENT ASSETS
Debtors 5 20,000 533
Cash at bank 17,061 1,943
37,061 2,476
CREDITORS
Amounts falling due within one year 6 (139,879 ) (113,722 )
NET CURRENT LIABILITIES (102,818 ) (111,246 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

708,182

707,754

PROVISIONS FOR LIABILITIES (110,676 ) (115,996 )
NET ASSETS 597,506 591,758

CAPITAL AND RESERVES
Called up share capital 4 4
Fair value reserve 7 569,600 576,080
Retained earnings 27,902 15,674
SHAREHOLDERS' FUNDS 597,506 591,758

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

Stradbroke Investments Limited (Registered number: 03368490)

Balance Sheet - continued
31 March 2023



The financial statements were approved by the Board of Directors and authorised for issue on 9 January 2024 and were signed on its behalf by:





Mrs O Kelly - Director


Stradbroke Investments Limited (Registered number: 03368490)

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

1. STATUTORY INFORMATION

Stradbroke Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03368490

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover represents rent receivable during the year.

Investment property
Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred
taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 3 (2022 - 3 ) .

Stradbroke Investments Limited (Registered number: 03368490)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 819,000
Revaluations (8,000 )
At 31 March 2023 811,000
NET BOOK VALUE
At 31 March 2023 811,000
At 31 March 2022 819,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2012 195,910
Valuation in 2017 208,000
Valuation in 2019 289,166
Valuation in 2021 (1,000 )
Valuation in 2022 20,000
Valuation in 2023 (8,000 )
Cost 106,924
811,000

The investment property was valued on a fair value basis on 31 March 2023 by the directors .


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 20,000 533

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,888 1,722
Taxation and social security 590 490
Other creditors 137,401 111,510
139,879 113,722

7. RESERVES
Fair
value
reserve
£   
At 1 April 2022 576,080
Transfer (6,480 )

At 31 March 2023 569,600