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REGISTERED NUMBER: 04124439 (England and Wales)















Stretton Development Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Stretton Development Limited (Registered number: 04124439)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stretton Development Limited

Company Information
for the year ended 31 December 2023







DIRECTOR: MJG Daniels





SECRETARY: TJ Daniels





REGISTERED OFFICE: 4 The Paddocks
Willowmead Park
Prestbury
Macclesfield
Cheshire
SK10 4DB





REGISTERED NUMBER: 04124439 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Stretton Development Limited (Registered number: 04124439)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 500,000 500,000
500,000 500,000

CURRENT ASSETS
Cash at bank 6,221 14,845

CREDITORS
Amounts falling due within one year 6 18,256 18,215
NET CURRENT LIABILITIES (12,035 ) (3,370 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

487,965

496,630

CREDITORS
Amounts falling due after more than one
year

7

(245,686

)

(263,278

)

PROVISIONS FOR LIABILITIES 8 (12,177 ) (12,177 )
NET ASSETS 230,102 221,175

CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 193,003 193,003
Retained earnings 37,097 28,170
SHAREHOLDERS' FUNDS 230,102 221,175

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Stretton Development Limited (Registered number: 04124439)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2024 and were signed by:





MJG Daniels - Director


Stretton Development Limited (Registered number: 04124439)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Stretton Development 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The amounts in the financial statements have been rounded to the nearest £1.

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.

Turnover
Turnover represents rents receivable exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost

Investment property
In accordance with Financial Reporting Standard 102, the company's properties are held for long-term investment and are included in the Balance Sheet at their open market values. Any surplus or deficit on revaluation of such properties is transferred to the investment property revaluation reserve. Depreciation is not provided in respect of freehold investment properties. This policy represents a departure from the requirements of the Companies Act, which requires depreciation to be provided on all fixed assets. The director considers that this policy is necessary in order that the financial statements may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

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 balance sheet date.

Stretton Development Limited (Registered number: 04124439)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 3,200
DEPRECIATION
At 1 January 2023
and 31 December 2023 3,200
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 500,000
NET BOOK VALUE
At 31 December 2023 500,000
At 31 December 2022 500,000

The property was valued on an open market basis by the director at 31 December 2023 at £500,000 (2022: £500,000). On a historical cost basis freehold property would have been included at £290,731 (2022: £290,731).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 8,406 8,415
Other creditors 9,850 9,800
18,256 18,215

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 245,686 263,278

The balance owing on the Director's loan account of £122,843 (2022: £131,639) is included in other creditors and bears no interest and has no fixed repayment terms.

Stretton Development Limited (Registered number: 04124439)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Other timing differences 12,177 12,177

Deferred Amount
tax unprovided
£    £   
Balance at 1 January 2023 12,177 -
Movement in year
Balance at 31 December 2023 12,177 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. RELATED PARTY DISCLOSURES

In the director's opinion the company is controlled by MJG Daniels and TJ Daniels by virtue of their shareholding in the company.