IRIS Accounts Production v24.1.9.2 12288516 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh122885162022-12-31122885162023-12-31122885162023-01-012023-12-31122885162021-12-31122885162022-01-012022-12-31122885162022-12-3112288516ns15:EnglandWales2023-01-012023-12-3112288516ns14:PoundSterling2023-01-012023-12-3112288516ns10:Director12023-01-012023-12-3112288516ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3112288516ns10:SmallEntities2023-01-012023-12-3112288516ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3112288516ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3112288516ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112288516ns10:FullAccounts2023-01-012023-12-3112288516ns10:OrdinaryShareClass12023-01-012023-12-3112288516ns10:Director22023-01-012023-12-3112288516ns10:RegisteredOffice2023-01-012023-12-3112288516ns5:CurrentFinancialInstruments2023-12-3112288516ns5:CurrentFinancialInstruments2022-12-3112288516ns5:ShareCapital2023-12-3112288516ns5:ShareCapital2022-12-3112288516ns5:RetainedEarningsAccumulatedLosses2023-12-3112288516ns5:RetainedEarningsAccumulatedLosses2022-12-3112288516ns5:ComputerEquipment2023-01-012023-12-3112288516ns5:ComputerEquipment2023-12-3112288516ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3112288516ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3112288516ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 12288516 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

STEMMA LAND AND NEW HOMES LTD

STEMMA LAND AND NEW HOMES LTD (REGISTERED NUMBER: 12288516)






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


STEMMA LAND AND NEW HOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C B Senior
J D Lorimer





REGISTERED OFFICE: 10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA





REGISTERED NUMBER: 12288516 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

STEMMA LAND AND NEW HOMES LTD (REGISTERED NUMBER: 12288516)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 644 -

CURRENT ASSETS
Stocks 166,797 161,067
Debtors 6 95,400 4,701
Cash at bank 239,163 412,121
501,360 577,889
CREDITORS
Amounts falling due within one year 7 (452,770 ) (527,565 )
NET CURRENT ASSETS 48,590 50,324
TOTAL ASSETS LESS CURRENT LIABILITIES 49,234 50,324

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 49,134 50,224
SHAREHOLDERS' FUNDS 49,234 50,324

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 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.

STEMMA LAND AND NEW HOMES LTD (REGISTERED NUMBER: 12288516)

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





C B Senior - Director


STEMMA LAND AND NEW HOMES LTD (REGISTERED NUMBER: 12288516)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Stemma Land and New Homes Ltd 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 (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover relates to the sale of properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

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.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

STEMMA LAND AND NEW HOMES LTD (REGISTERED NUMBER: 12288516)

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

3. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:

a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.

b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.

c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future

4. EMPLOYEES AND DIRECTORS

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

STEMMA LAND AND NEW HOMES LTD (REGISTERED NUMBER: 12288516)

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

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 945
At 31 December 2023 945
DEPRECIATION
Charge for year 301
At 31 December 2023 301
NET BOOK VALUE
At 31 December 2023 644

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,400 1,200
Amounts owed by group undertakings 54,000 -
Other debtors 39,000 3,501
95,400 4,701

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 449,609 499,933
Taxation and social security 517 12,582
Other creditors 2,644 15,050
452,770 527,565

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100