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REGISTERED NUMBER: 13478097 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Stanley 32 Ltd

Stanley 32 Ltd (Registered number: 13478097)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Stanley 32 Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: R Clif
C F Clif





REGISTERED OFFICE: ADHK
Boundary House
Cricket Field Road
Uxbridge
UB8 1QG





REGISTERED NUMBER: 13478097 (England and Wales)





ACCOUNTANTS: ADHK ACCOUNTANTS
Chartered Certified Accountants
Boundary House
Cricket Field Road
Uxbridge
UB8 1QG

Stanley 32 Ltd (Registered number: 13478097)

Abridged Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 405,000 395,394

CURRENT ASSETS
Debtors 18,187 8,780
Cash at bank 3,039 2,490
21,226 11,270
CREDITORS
Amounts falling due within one year 117,835 117,309
NET CURRENT LIABILITIES (96,609 ) (106,039 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

308,391

289,355

CREDITORS
Amounts falling due after more than one year 282,587 282,587
NET ASSETS 25,804 6,768

CAPITAL AND RESERVES
Called up share capital 6 200 200
Fair value reserve 7 24,644 7,967
Retained earnings 960 (1,399 )
SHAREHOLDERS' FUNDS 25,804 6,768

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Stanley 32 Ltd (Registered number: 13478097)

Abridged Statement of Financial Position - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2024 and were signed on its behalf by:





R Clif - Director


Stanley 32 Ltd (Registered number: 13478097)

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


1. STATUTORY INFORMATION

Stanley 32 Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents gross rent receivable.

Investment property
Investment properties are initially measured at cost on acquisition and subsequently at fair value as at each
accounts date. Changes in fair value are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold and charged to the profit and loss account.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Stanley 32 Ltd (Registered number: 13478097)

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


2. ACCOUNTING POLICIES - continued

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 395,394
Revaluations 9,606
At 30 June 2023 405,000
NET BOOK VALUE
At 30 June 2023 405,000
At 30 June 2022 395,394

Stanley 32 Ltd (Registered number: 13478097)

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


4. INVESTMENT PROPERTY - continued

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2023 9,606
Cost 395,394
405,000

Investment property was valued on an open market basis by the directors at the year end.

5. DEFERRED TAX
£   
Balance at 1 July 2022
Prior year adjustment (7,967 )
As restated (7,967 )
Provided during year (7,071 )
Balance at 30 June 2023 (15,038 )

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary £1 200 200

7. RESERVES
Fair
value
reserve
£   
At 1 July 2022 7,967
Transfer 16,677

At 30 June 2023 24,644

8. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by the director and his wife.