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Standmode Ltd

Unaudited Financial Statements for the Year Ended 31 March 2024






Standmode Ltd (Registered number: 05256708)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Standmode Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P Fitzgerald
Mrs J E Fitzgerald





SECRETARY: Mrs J E Fitzgerald





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 05256708 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Standmode Ltd (Registered number: 05256708)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,000,000 575,000
Investments 5 10,000 10,000
1,010,000 585,000

CREDITORS
Amounts falling due within one year 6 20,227 299,599
NET CURRENT LIABILITIES (20,227 ) (299,599 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

989,773

285,401

PROVISIONS FOR LIABILITIES 163,155 -
NET ASSETS 826,618 285,401

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 489,465 227,620
Retained earnings 337,053 57,681
SHAREHOLDERS' FUNDS 826,618 285,401

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

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

Standmode Ltd (Registered number: 05256708)

Balance Sheet - continued
31 March 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 May 2024 and were signed on its behalf by:




Mrs J E Fitzgerald - Director



P Fitzgerald - Director


Standmode Ltd (Registered number: 05256708)

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

1. STATUTORY INFORMATION

Standmode 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 April 2023 575,000
Revaluations 425,000
At 31 March 2024 1,000,000
NET BOOK VALUE
At 31 March 2024 1,000,000
At 31 March 2023 575,000

Cost or valuation at 31 March 2024 is represented by:

Land and
buildings
£   
Valuation in 2005 227,620
Valuation in 2024 425,000
Cost 347,380
1,000,000

Freehold land and buildings were valued on an open market basis on 31 March 2024 by the directors .

Standmode Ltd (Registered number: 05256708)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 10,000
At 31 March 2023 10,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings - 279,372
Other creditors 20,227 20,227
20,227 299,599

7. RESERVES
Revaluation
reserve
£   
At 1 April 2023 227,620
Revaluation reserve 261,845

At 31 March 2024 489,465

8. ULTIMATE CONTROLLING PARTY

The controlling party and the ultimate controlling party are not known.

By virtue of the share ownership split of the company it is the opinion of the directors that there is no ultimate controlling party.