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REGISTERED NUMBER: 10922412 (England and Wales)











STANOAK PROPERTY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 AUGUST 2023






STANOAK PROPERTY LIMITED (REGISTERED NUMBER: 10922412)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3

Chartered accountants' report 5

STANOAK PROPERTY LIMITED

COMPANY INFORMATION
for the year ended 31 August 2023







DIRECTORS: R Russell
S Y Williams
J C Richards
N M Walsh
O M Walsh
Y Asmelash





SECRETARY: R Russell





REGISTERED OFFICE: 13 Priestley Drive
Larkfield
Kent
ME20 6TX





REGISTERED NUMBER: 10922412 (England and Wales)





ACCOUNTANTS: Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

STANOAK PROPERTY LIMITED (REGISTERED NUMBER: 10922412)

BALANCE SHEET
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 89,736 89,736

CURRENT ASSETS
Cash at bank 689 1,344

CREDITORS
Amounts falling due within one year 5 688 1,343
NET CURRENT ASSETS 1 1
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,737

89,737

CAPITAL AND RESERVES
Called up share capital 6 10 10
Share premium 89,727 89,727
SHAREHOLDERS' FUNDS 89,737 89,737

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

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

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 Board of Directors and authorised for issue on 30 April 2024 and were signed on its behalf by:





R Russell - Director


STANOAK PROPERTY LIMITED (REGISTERED NUMBER: 10922412)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2023

1. STATUTORY INFORMATION

Stanoak Property 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 89,736
NET BOOK VALUE
At 31 August 2023 89,736
At 31 August 2022 89,736

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 688 1,343

STANOAK PROPERTY LIMITED (REGISTERED NUMBER: 10922412)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2023

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5 Ordinary A £1 5 5
1 Ordinary B £1 1 1
3 Ordinary C £1 3 3
1 Ordinary D £1 1 1
10 10

7. CASH BALANCE

The cash balance representing service charge monies received by a residential management company in accordance with the terms of the lease agreement are held in a statutory trust under Section 42 of the Landlord and Tenant Act 1987. It is not an asset of the company, however, until the overall correct accounting treatment of residential management companies has been finalised via FRED 50, draft FRC Abstract 1, it remains in the balance sheet.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
STANOAK PROPERTY LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stanoak Property Limited for the year ended 31 August 2023 which comprise the Income statement, Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Stanoak Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stanoak Property Limited and state those matters that we have agreed to state to the Board of Directors of Stanoak Property Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stanoak Property Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Stanoak Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stanoak Property Limited. You consider that Stanoak Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stanoak Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


30 April 2024