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REGISTERED NUMBER: 07905739 (England and Wales)













STRATFORD COLLINS ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






STRATFORD COLLINS ASSOCIATES LIMITED (REGISTERED NUMBER: 07905739)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STRATFORD COLLINS ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mr A C Shakespeare
Mr S G Williams





REGISTERED OFFICE: 58 The Woodlands
Brackla
Bridgend
Wales
CF31 2JG





REGISTERED NUMBER: 07905739 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

STRATFORD COLLINS ASSOCIATES LIMITED (REGISTERED NUMBER: 07905739)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 - 490,000

CURRENT ASSETS
Debtors 5 34,282 67
Cash at bank 51,665 1
85,947 68
CREDITORS
Amounts falling due within one year 6 22,982 382,946
NET CURRENT ASSETS/(LIABILITIES) 62,965 (382,878 )
TOTAL ASSETS LESS CURRENT LIABILITIES 62,965 107,122

PROVISIONS FOR LIABILITIES - 25,000
NET ASSETS 62,965 82,122

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 62,865 82,022
62,965 82,122

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

STRATFORD COLLINS ASSOCIATES LIMITED (REGISTERED NUMBER: 07905739)

BALANCE SHEET - continued
31ST MARCH 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th April 2024 and were signed on its behalf by:




Mr A C Shakespeare - Director



Mr S G Williams - Director


STRATFORD COLLINS ASSOCIATES LIMITED (REGISTERED NUMBER: 07905739)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Stratford Collins Associates Limited 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:
- The valuation of the company's freehold investment properties.

Turnover
Turnover comprises rental income receivable.

Investment property
Investment properties are stated at open market value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

STRATFORD COLLINS ASSOCIATES LIMITED (REGISTERED NUMBER: 07905739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


2. ACCOUNTING POLICIES - continued

Repairs and maintenance
In the absence of a specific intention by the board of either a disposition or substantial reconstruction of letting units in investment properties, all expenditure incurred on general repair, maintenance and upgrade is written off as incurred. It is the opinion of the board that the nature of the company's property ownership is such that any appreciation in value is due to the passage of time rather than intent to improve as policy and is as such reflected through the revaluation reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022 490,000
Disposals (490,000 )
At 31st March 2023 -
NET BOOK VALUE
At 31st March 2023 -
At 31st March 2022 490,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by associates 30,250 -
Other debtors 4,032 67
34,282 67

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 11,771
Amounts owed to associates - 750
Taxation and social security 20,512 -
Other creditors 2,470 370,425
22,982 382,946

STRATFORD COLLINS ASSOCIATES LIMITED (REGISTERED NUMBER: 07905739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans - 366,000

Other loans amounting to £366,000 were secured on the company's investment property and bear interest at market rates. The loans have been fully repaid following the sale of the related property during the year.