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Registration number: 01520237

Stapleton Finance Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Stapleton Finance Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Stapleton Finance Limited

Company Information

Directors

Marlene Elizabeth Meredith

Robert Ernest Lionel Meredith

Company secretary

Marlene Elizabeth Meredith

Registered office

Pool Lodge Farm
Dyers Lane
Iron Acton
Bristol
BS37 9XU

Accountants

Burton Sweet Limited
Spencer House
Morston Court
Aisecome Way
Weston Super Mare
BS22 8NG

 

Stapleton Finance Limited

(Registration number: 01520237)
Balance Sheet
30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

262,000

298,000

Current assets

 

Debtors

5

-

70

Cash at bank and in hand

 

45,720

20,100

 

45,720

20,170

Creditors: Amounts falling due within one year

6

(25,252)

(17,968)

Net current assets

 

20,468

2,202

Net assets

 

282,468

300,202

Capital and reserves

 

Called up share capital

100

100

Retained earnings

282,368

300,102

Shareholders' funds

 

282,468

300,202

 

Stapleton Finance Limited

(Registration number: 01520237)
Balance Sheet
30 June 2024

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 August 2024 and signed on its behalf by:
 

.........................................
Robert Ernest Lionel Meredith
Director

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

 

Stapleton Finance Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Pool Lodge Farm
Dyers Lane
Iron Acton
Bristol
BS37 9XU

These financial statements were authorised for issue by the Board on 5 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Stapleton Finance Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Depreciation

Asset class

Depreciation method and rate

Land and buildings

Not depreciated

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Investment properties

2024
£

At 1 July

298,000

Fair value adjustments

(36,000)

At 30 June

262,000

There has been no valuation of investment property by an independent valuer.

 

Stapleton Finance Limited

Notes to the Unaudited Financial Statements
Year Ended 30 June 2024

5

Debtors

2024
£

2023
£

Other debtors

-

70

-

70

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

8,884

-

Accruals and deferred income

1,158

1,158

Other creditors

15,210

16,810

25,252

17,968