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REGISTERED NUMBER: 02729530 (England and Wales)















Stoke Park Finance Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Stoke Park Finance Limited (Registered number: 02729530)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Stoke Park Finance Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: Mrs S L Hardiman
Mr N C Hardiman





SECRETARY:





REGISTERED OFFICE: 13 The Courtyard
Timothy's Bridge Road
Stratford Upon Avon
Warwickshire
CV37 9NP





REGISTERED NUMBER: 02729530 (England and Wales)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP

Stoke Park Finance Limited (Registered number: 02729530)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,908 3,291

CURRENT ASSETS
Debtors 5 368,080 277,035
Prepayments and accrued income 2,586 2,575
Cash at bank 1,170,689 1,159,884
1,541,355 1,439,494
CREDITORS
Amounts falling due within one year 6 538,339 412,671
NET CURRENT ASSETS 1,003,016 1,026,823
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,005,924

1,030,114

PROVISIONS FOR LIABILITIES 150,000 175,000
NET ASSETS 855,924 855,114

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings 855,834 855,024
SHAREHOLDERS' FUNDS 855,924 855,114

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.

Stoke Park Finance Limited (Registered number: 02729530)

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 Statement of Income and Retained Earnings has not been delivered.

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





Mr N C Hardiman - Director


Stoke Park Finance Limited (Registered number: 02729530)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Stoke Park Finance 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Stoke Park Finance Limited (Registered number: 02729530)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 16,413 6,953 23,366
Additions - 540 540
At 31 December 2023 16,413 7,493 23,906
DEPRECIATION
At 1 January 2023 16,411 3,664 20,075
Charge for year - 923 923
At 31 December 2023 16,411 4,587 20,998
NET BOOK VALUE
At 31 December 2023 2 2,906 2,908
At 31 December 2022 2 3,289 3,291

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 13,344 21,136
Other debtors 284,241 255,899
297,585 277,035

Amounts falling due after more than one year:
Trade debtors 70,495 -

Aggregate amounts 368,080 277,035

Stoke Park Finance Limited (Registered number: 02729530)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,601 361
Amounts owed to group undertakings 1,800 1,800
Taxation and social security 44,834 91,538
Other creditors 490,104 318,972
538,339 412,671

7. RELATED PARTY DISCLOSURES

The company has advanced a loan of £ 250,000 to Coach Rentals Limited, a company in which Mrs S Hardiman is also a Director. The terms have been agreed on a commercial arms length basis with interest accruing on the balance. At the year end the amount outstanding (including interest) was £264,544 ( 2022 - £255,899)