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REGISTERED NUMBER: 12765886 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Stalbridge Park Homes Limited

Stalbridge Park Homes Limited (Registered number: 12765886)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Stalbridge Park Homes Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs D J Travaglia
Mrs J A Watts





REGISTERED OFFICE: 7 Wessex House
St. Leonards Road
Bournemouth
Dorset
BH8 8QS





REGISTERED NUMBER: 12765886 (England and Wales)





ACCOUNTANTS: Rawlence and Browne UDY Limited
T/A Potter and Pollard
Unit 17 Lancaster Road
Sarum Business Park
Old Sarum
Salisbury
Wiltshire
SP4 6FB

Stalbridge Park Homes Limited (Registered number: 12765886)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
CURRENT ASSETS
Stocks 1,387,691 2,867,341
Debtors 4 42,424 5,969
Cash at bank 11,279 4,471
1,441,394 2,877,781
CREDITORS
Amounts falling due within one year 5 1,410,122 2,845,235
NET CURRENT ASSETS 31,272 32,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,272

32,546

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 31,172 32,446
31,272 32,546

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 July 2024 and were signed on its behalf by:





Mrs D J Travaglia - Director


Stalbridge Park Homes Limited (Registered number: 12765886)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Stalbridge Park Homes 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 3 ).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors - 3,045
Other debtors 42,424 2,924
42,424 5,969

Stalbridge Park Homes Limited (Registered number: 12765886)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts - 692,254
Amounts owed to group undertakings 632,917 575,911
Taxation and social security 7,743 7,610
Other creditors 769,462 1,569,460
1,410,122 2,845,235

6. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Other creditors 755,842 1,497,935
Owed to group undertakings 553,914 467,553
1,309,756 1,965,488

Fixed charges are held over land and property by Marco Travaglia, Metroball Limited and Iford Road Developments Limited. Further details of these charges can be found at Companies House.