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REGISTERED NUMBER: 12601960 (England and Wales)














Unaudited Financial Statements

for the Period 1 June 2022 to 29 May 2023

for

Stoneoak Holdings Ltd

Stoneoak Holdings Ltd (Registered number: 12601960)






Contents of the Financial Statements
for the Period 1 June 2022 to 29 May 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Stoneoak Holdings Ltd (Registered number: 12601960)

Balance Sheet
29 May 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 431,910 416,186
Debtors 4 - 2
Cash at bank 4,154 9,926
436,064 426,114
CREDITORS
Amounts falling due within one year 5 61,304 50,079
NET CURRENT ASSETS 374,760 376,035
TOTAL ASSETS LESS CURRENT LIABILITIES 374,760 376,035

CREDITORS
Amounts falling due after more than one year 6 413,192 396,387
NET LIABILITIES (38,432 ) (20,352 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (38,434 ) (20,354 )
SHAREHOLDERS' FUNDS (38,432 ) (20,352 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 May 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 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:




M Ball - Director



A L Moss - Director


Stoneoak Holdings Ltd (Registered number: 12601960)

Notes to the Financial Statements
for the Period 1 June 2022 to 29 May 2023

1. STATUTORY INFORMATION

Stoneoak Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12601960

Registered office: Haregate Hall
Haregate Road
Leek
Staffordshire
ST13 6PX

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


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.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved, notwithstanding the deficit in net assets. They will continue to offer their ongoing support until the development commences. Therefore the financial statements have been prepared on a going concern basis.

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 period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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 period was 2 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 2

Stoneoak Holdings Ltd (Registered number: 12601960)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 29 May 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,602 30
Taxation and social security 69 -
Other creditors 59,633 50,049
61,304 50,079

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 413,192 396,387

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 444,677 427,872

The Stocker loan is secured by the personal guarantee of the directors.