Stoford Wolverhampton 1 Limited 13691306 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is property development and project management Digita Accounts Production Advanced 6.30.9574.0 true false true 13691306 2022-07-01 2023-06-30 13691306 2023-06-30 13691306 bus:SmallEntities 2022-07-01 2023-06-30 13691306 bus:Audited 2022-07-01 2023-06-30 13691306 bus:FullAccounts 2022-07-01 2023-06-30 13691306 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 13691306 bus:RegisteredOffice 2022-07-01 2023-06-30 13691306 bus:Director2 2022-07-01 2023-06-30 13691306 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 13691306 1 2022-07-01 2023-06-30 13691306 countries:England 2022-07-01 2023-06-30 13691306 2021-10-20 2022-06-30 13691306 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 13691306

Stoford Wolverhampton 1 Limited

Filleted Financial Statements

for the Year Ended 30 June 2023

 

Stoford Wolverhampton 1 Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 4

 

Stoford Wolverhampton 1 Limited

(Registration number: 13691306)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

626

1,000

Capital and reserves

 

Called up share capital

4

1,000

1,000

Retained earnings

(374)

-

Shareholders' funds

 

626

1,000

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 March 2024 and signed on its behalf by:
 

.........................................
J Craig
Director

 

Stoford Wolverhampton 1 Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
26-28 Ludgate Hill
Birmingham
B3 1DX
England

These financial statements were authorised for issue by the Board on 8 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

With continued support extended by its immediate parent and related parties, the company’s directors have a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future and therefore consider that it remains appropriate to prepare the financial statements on a going concern basis.

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 8 March 2024 was Kevin Johns BSc FCA, who signed for and on behalf of Prime.

.........................................

 

Stoford Wolverhampton 1 Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

Judgements

Preparation of the financial statements requires management to make significant judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the change takes place if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company under contracts of service (including directors) during the year, was 0 (2022: 0).

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

         

5

Related party transactions

The company has taken advantage of the exemption, provided in paragraph 1AC.35 of FRS 102, from reporting particulars of transactions with other wholly-owned members of the group.

 

Stoford Wolverhampton 1 Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

6

Parent and ultimate parent undertaking

The company's immediate parent is Stoford Properties Limited, incorporated in England.

 The ultimate parent is Ludgate Hill Properties Limited, incorporated in England.

 The most senior parent entity producing publicly available financial statements is Ludgate Hill Properties Limited. These financial statements are available upon request from Companies House.

 The ultimate controlling party is Ludgate Hill Properties Limited.

The parent of the smallest group in which these financial statements are consolidated is Stoford Properties Limited, incorporated in England.

The address of Stoford Properties Limited is:
26-28 Ludgate Hill
Birmingham
B3 1DX