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Registration number: 08278282

David Stell Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

David Stell Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

David Stell Limited

Company Information

Director

Mr DA Stell

Company secretary

Dr E Lim

Registered office

6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
David Stell Limited
for the Year Ended 30 November 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of David Stell Limited for the year ended 30 November 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of David Stell Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of David Stell Limited and state those matters that we have agreed to state to the Board of Directors of David Stell Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than David Stell Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that David Stell Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of David Stell Limited. You consider that David Stell Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of David Stell Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

14 August 2024

 

David Stell Limited

(Registration number: 08278282)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

823,974

805,239

Current assets

 

Debtors

5

1,860

360

Cash at bank and in hand

 

10,256

36,296

 

12,116

36,656

Creditors: Amounts falling due within one year

6

(700,165)

(704,832)

Net current liabilities

 

(688,049)

(668,176)

Total assets less current liabilities

 

135,925

137,063

Provisions for liabilities

(4,709)

(4,719)

Net assets

 

131,216

132,344

Capital and reserves

 

Called up share capital

2,400

2,400

Retained earnings

128,816

129,944

Shareholders' funds

 

131,216

132,344

 

David Stell Limited

(Registration number: 08278282)
Balance Sheet as at 30 November 2023

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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.

Approved and authorised by the director on 14 August 2024
 

.........................................

Mr DA Stell

Director

 

David Stell Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

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

The address of its registered office is:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom

The principal place of business is:
North Wayton Farm
Landulph
Saltash
Cornwall
PL12 6QQ
United Kingdom

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.

Revenue recognition

Turnover comprises the fair value of the consideration received for the provision of medical services in the ordinary course of the company’s activities, as well as the rental income receive from the provision of holiday accommodation. Turnover is shown net of value added tax, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current and deferred 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 income 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.

 

David Stell Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Fixtures and fittings

20% reducing balance

Freehold property

2% straight line

Land

No charge

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

David Stell Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 December 2022

805,633

8,189

47,435

861,257

Additions

37,881

3,305

815

42,001

Disposals

-

-

(18,500)

(18,500)

At 30 November 2023

843,514

11,494

29,750

884,758

Depreciation

At 1 December 2022

25,226

3,348

27,444

56,018

Charge for the year

13,147

1,247

2,810

17,204

Eliminated on disposal

-

-

(12,438)

(12,438)

At 30 November 2023

38,373

4,595

17,816

60,784

Carrying amount

At 30 November 2023

805,141

6,899

11,934

823,974

At 30 November 2022

780,407

4,841

19,991

805,239

Included within the net book value of land and buildings above is £805,141 (2022 - £780,407) in respect of freehold land and buildings.
 

5

Debtors

2023
£

2022
£

Prepayments

-

360

Other debtors

1,860

-

1,860

360

 

David Stell Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

-

13

Taxation and social security

4,225

6,891

Accruals and deferred income

7,890

4,502

Other creditors

688,050

693,426

700,165

704,832