STAPLEGROVE ESTATES LIMITED

Company Registration Number:
02928599 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

STAPLEGROVE ESTATES LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

STAPLEGROVE ESTATES LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,731,798 1,731,408
Total fixed assets: 1,731,798 1,731,408
Current assets
Debtors:   113,914 100,443
Cash at bank and in hand: 4,698 27,052
Total current assets: 118,612 127,495
Creditors: amounts falling due within one year:   (12,379) (15,760)
Net current assets (liabilities): 106,233 111,735
Total assets less current liabilities: 1,838,031 1,843,143
Creditors: amounts falling due after more than one year: 4 (1,047,288) (1,054,841)
Total net assets (liabilities): 790,743 788,302
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:51,296,3681,296,368
Profit and loss account: (505,725) (508,166)
Shareholders funds: 790,743 788,302

The notes form part of these financial statements

STAPLEGROVE ESTATES LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 July 2024
and signed on behalf of the board by:

Name: P Willcox
Status: Director

The notes form part of these financial statements

STAPLEGROVE ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the rents receivable and income from warehouse admin and logistics.

Tangible fixed assets and depreciation policy

The part of the annual depreciation charge on revalued assets which relates to the revaluation surplus is transferred from the revaluation reserve to the profit and loss account.Investment properties are included in the balance sheet at their open market value.Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Other accounting policies

PensionsThe company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

STAPLEGROVE ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 1 1

STAPLEGROVE ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 1,733,559
Additions 390
At 31 October 2023 1,733,949
Depreciation
At 01 November 2022 2,151
At 31 October 2023 2,151
Net book value
At 31 October 2023 1,731,798
At 31 October 2022 1,731,408

STAPLEGROVE ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Creditors: amounts falling due after more than one year note

The bank loans are secured, except for a Corona loan with an outstanding balance of £19,238

STAPLEGROVE ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Revaluation reserve

2023
£
Balance at 01 November 2022 1,296,368
Surplus or deficit after revaluation 0
Balance at 31 October 2023 1,296,368

STAPLEGROVE ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Loans to directors

Name of director receiving advance or credit: P Willcox
Description of the loan: At the year end, an amount of £29,399 was owed by P Willcox (director) to the company (2022 - £22,601 owed by P Willcox to the company)
£
Balance at 01 November 2022 22,601
Advances or credits made: 43,345
Advances or credits repaid: 36,547
Balance at 31 October 2023 29,399

STAPLEGROVE ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

7. Related party transactions

Name of the related party:
Relationship:
Consultant
Description of the Transaction: Included in other creditors due in more than one year is an amount of £85,000 (2022 - £85,000) owed to Langford Properties
£
Balance at 01 November 2022 85,000
Balance at 31 October 2023 85,000