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REGISTERED NUMBER: 11772094 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 January 2024

for

STUMPINV LTD

STUMPINV LTD (REGISTERED NUMBER: 11772094)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STUMPINV LTD

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs S E Parsons
M R Parsons





REGISTERED OFFICE: 1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG





REGISTERED NUMBER: 11772094 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

STUMPINV LTD (REGISTERED NUMBER: 11772094)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 256 319
Investment property 5 230,000 215,000
230,256 215,319

CURRENT ASSETS
Debtors 6 200 200
Cash at bank and in hand 1,516 726
1,716 926
CREDITORS
Amounts falling due within one year 7 32,269 29,285
NET CURRENT LIABILITIES (30,553 ) (28,359 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,703

186,960

CREDITORS
Amounts falling due after more than one year 8 (150,000 ) (150,000 )

PROVISIONS FOR LIABILITIES (12,040 ) (6,300 )
NET ASSETS 37,663 30,660

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 36,124 26,864
Retained earnings 1,537 3,794
37,663 30,660

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

STUMPINV LTD (REGISTERED NUMBER: 11772094)

Balance Sheet - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2024 and were signed on its behalf by:





M R Parsons - Director


STUMPINV LTD (REGISTERED NUMBER: 11772094)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Stumpinv 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable.

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 - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

STUMPINV LTD (REGISTERED NUMBER: 11772094)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023
and 31 January 2024 678
DEPRECIATION
At 1 February 2023 359
Charge for year 63
At 31 January 2024 422
NET BOOK VALUE
At 31 January 2024 256
At 31 January 2023 319

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 215,000
Revaluations 15,000
At 31 January 2024 230,000
NET BOOK VALUE
At 31 January 2024 230,000
At 31 January 2023 215,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 48,164
Cost 181,836
230,000

If investment property had not been revalued it would have been included at the following historical cost:

31.1.24 31.1.23
£    £   
Cost 181,836 181,836

Investment property was valued on an open market basis on 31 January 2024 by the directors .

STUMPINV LTD (REGISTERED NUMBER: 11772094)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 200 200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 1,425 929
Other creditors 30,844 28,356
32,269 29,285

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Other creditors 150,000 150,000

9. RESERVES
Fair
value
reserve
£   
At 1 February 2023 26,864
Transfer to fair value 9,260

At 31 January 2024 36,124