25 false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2021 - FRS102_2021 343,506 343,506 343,506 xbrli:pure xbrli:shares iso4217:GBP 13022074 2022-12-01 2023-11-30 13022074 2023-11-30 13022074 2022-11-30 13022074 2021-12-01 2022-11-30 13022074 2022-11-30 13022074 bus:Director2 2022-12-01 2023-11-30 13022074 core:PlantMachinery 2022-11-30 13022074 core:MotorVehicles 2022-11-30 13022074 core:PlantMachinery 2023-11-30 13022074 core:MotorVehicles 2023-11-30 13022074 core:PlantMachinery 2022-12-01 2023-11-30 13022074 core:MotorVehicles 2022-12-01 2023-11-30 13022074 core:WithinOneYear 2023-11-30 13022074 core:WithinOneYear 2022-11-30 13022074 core:ShareCapital 2023-11-30 13022074 core:ShareCapital 2022-11-30 13022074 core:RetainedEarningsAccumulatedLosses 2023-11-30 13022074 core:RetainedEarningsAccumulatedLosses 2022-11-30 13022074 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-11-30 13022074 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 13022074 core:Non-currentFinancialInstruments 2023-11-30 13022074 core:PlantMachinery 2022-11-30 13022074 core:MotorVehicles 2022-11-30 13022074 bus:SmallEntities 2022-12-01 2023-11-30 13022074 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 13022074 bus:FullAccounts 2022-12-01 2023-11-30 13022074 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13022074 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13022074 core:OfficeEquipment 2022-11-30 13022074 core:OfficeEquipment 2022-12-01 2023-11-30 13022074 core:OfficeEquipment 2023-11-30
COMPANY REGISTRATION NUMBER: 13022074
STAIRS PROPERTY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 November 2023
STAIRS PROPERTY LIMITED
STATEMENT OF FINANCIAL POSITION
30 November 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
1,040,985
741,443
Investments
6
343,506
------------
---------
1,384,491
741,443
CURRENT ASSETS
Debtors
7
210,811
292,009
Cash at bank and in hand
354,032
50,113
---------
---------
564,843
342,122
CREDITORS: amounts falling due within one year
8
209,979
55,530
---------
---------
NET CURRENT ASSETS
354,864
286,592
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
1,739,355
1,028,035
PROVISIONS
260,247
140,874
------------
------------
NET ASSETS
1,479,108
887,161
------------
------------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Profit and loss account
1,479,008
887,061
------------
---------
SHAREHOLDERS FUNDS
1,479,108
887,161
------------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
STAIRS PROPERTY LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 22 April 2024 , and are signed on behalf of the board by:
Mr C E Stairs
Director
Company registration number: 13022074
STAIRS PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England. The address of the registered office is 102 Orlingbury Road, Isham, Kettering, NN14 1HW, England.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
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:
Plant and machinery
-
1/3 Straight Line
Motor vehicles
-
1/3 Straight Line
Equipment
-
1/3 Straight Line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 25 (2022: 20 ).
5. TANGIBLE ASSETS
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 December 2022
332,158
781,835
28,654
1,142,647
Additions
72,516
940,019
6,456
1,018,991
Disposals
( 461,147)
( 2,602)
( 463,749)
---------
------------
--------
------------
At 30 November 2023
404,674
1,260,707
32,508
1,697,889
---------
------------
--------
------------
Depreciation
At 1 December 2022
108,172
287,269
5,763
401,204
Charge for the year
124,723
371,353
10,689
506,765
Disposals
( 249,987)
( 1,078)
( 251,065)
---------
------------
--------
------------
At 30 November 2023
232,895
408,635
15,374
656,904
---------
------------
--------
------------
Carrying amount
At 30 November 2023
171,779
852,072
17,134
1,040,985
---------
------------
--------
------------
At 30 November 2022
223,986
494,566
22,891
741,443
---------
------------
--------
------------
6. INVESTMENTS
Other investments other than loans
£
Cost
At 1 December 2022
Additions
343,506
---------
At 30 November 2023
343,506
---------
Impairment
At 1 December 2022 and 30 November 2023
---------
Carrying amount
At 30 November 2023
343,506
---------
At 30 November 2022
---------
7. DEBTORS
2023
2022
£
£
Trade debtors
205,852
235,474
Other debtors
4,959
56,535
---------
---------
210,811
292,009
---------
---------
8. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
18,223
7,345
Corporation tax
164,764
Social security and other taxes
13,976
Other creditors
13,016
48,185
---------
--------
209,979
55,530
---------
--------