STONEHOUSE PORTFOLIO PROPERTIES LIMITED

Company Registration Number:
11502257 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

STONEHOUSE PORTFOLIO PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

STONEHOUSE PORTFOLIO PROPERTIES LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

Mr P W E Leoni Sceti
Mr S Waugh


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
16 April 2024

And signed on behalf of the board by:
Name: Mr P W E Leoni Sceti
Status: Director

STONEHOUSE PORTFOLIO PROPERTIES LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,190,220 1,175,015
Total fixed assets: 1,190,220 1,175,015
Current assets
Debtors: 4 728,341 3,822
Cash at bank and in hand: 0 7,876
Total current assets: 728,341 11,698
Creditors: amounts falling due within one year: 5 ( 804,924 ) ( 1,166,527 )
Net current assets (liabilities): (76,583) (1,154,829)
Total assets less current liabilities: 1,113,637 20,186
Creditors: amounts falling due after more than one year: 6 ( 1,100,250 )
Total net assets (liabilities): 13,387 20,186
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 12,387 19,186
Total Shareholders' funds: 13,387 20,186

The notes form part of these financial statements

STONEHOUSE PORTFOLIO PROPERTIES LIMITED

Balance sheet statements

For the year ending 31 December 2023 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 16 April 2024
and signed on behalf of the board by:

Name: Mr P W E Leoni Sceti
Status: Director

The notes form part of these financial statements

STONEHOUSE PORTFOLIO PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Turnover policy

    Sale of investment properties are recognised in respect of contracts completed during the year. The profit or loss on disposal of property developments is determined as the difference between the sale proceeds and the carrying value of the assets at the date of disposal. Revenue in respect of letting activity is measured at the fair value of the consideration received or receivable from rental income.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Fittings fixtures and equipment - 25% straight lineIf there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

STONEHOUSE PORTFOLIO PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

STONEHOUSE PORTFOLIO PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 1,170,085 5,892 1,175,977
Additions 19,420 19,420
Disposals
Revaluations
Transfers
At 31 December 2023 1,170,085 25,312 1,195,397
Depreciation
At 1 January 2023 962 962
Charge for year 4,215 4,215
On disposals
Other adjustments
At 31 December 2023 5,177 5,177
Net book value
At 31 December 2023 1,170,085 20,135 1,190,220
At 31 December 2022 1,170,085 4,930 1,175,015

STONEHOUSE PORTFOLIO PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Other debtors 728,341 3,822
Total 728,341 3,822

STONEHOUSE PORTFOLIO PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 26,809
Other creditors 778,115 1,166,527
Total 804,924 1,166,527

STONEHOUSE PORTFOLIO PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

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

2023
£
Bank loans and overdrafts 1,100,250
Total 1,100,250

The loan is secured over the assets to which it relates. The interest only loan is due to be repaid on July 2028. Variable interest of 2.75% above base rate is payable on the loan.