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Registered number: 11206826
Stratton Wentworth Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11206826
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,548,275 7,892,566
Investments 5 100 100
8,548,375 7,892,666
CURRENT ASSETS
Stocks 6 850,020 340,020
Debtors 7 977,885 1,254,433
Cash at bank and in hand 211,095 60,063
2,039,000 1,654,516
Creditors: Amounts Falling Due Within One Year 8 (353,097 ) (546,047 )
NET CURRENT ASSETS (LIABILITIES) 1,685,903 1,108,469
TOTAL ASSETS LESS CURRENT LIABILITIES 10,234,278 9,001,135
Creditors: Amounts Falling Due After More Than One Year 9 (5,181,250 ) (4,931,250 )
NET ASSETS 5,053,028 4,069,885
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 12 4,931,345 4,202,904
Profit and Loss Account 121,583 (133,119 )
SHAREHOLDERS' FUNDS 5,053,028 4,069,885
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr W Daniel
Director
30/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Stratton Wentworth Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11206826 . The registered office is Epic House, 128 Fulwell Road, Teddington, Middlesex, TW11 0RQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Fair value
Fixtures & Fittings 25% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 December 2022 7,585,357 507,861 8,093,218
Additions 4,070 - 4,070
Revaluation 728,441 - 728,441
As at 30 November 2023 8,317,868 507,861 8,825,729
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 December 2022 - 200,652 200,652
Provided during the period - 76,802 76,802
As at 30 November 2023 - 277,454 277,454
Net Book Value
As at 30 November 2023 8,317,868 230,407 8,548,275
As at 1 December 2022 7,585,357 307,209 7,892,566
5. Investments
Subsidiaries
£
Cost
As at 1 December 2022 100
As at 30 November 2023 100
Provision
As at 1 December 2022 -
As at 30 November 2023 -
Net Book Value
As at 30 November 2023 100
As at 1 December 2022 100
6. Stocks
2023 2022
£ £
Work in progress 850,020 340,020
7. Debtors
2023 2022
£ £
Due within one year
Trade debtors 174,387 -
Other debtors 803,498 1,254,433
977,885 1,254,433
8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 143,400 -
Other taxes and social security 482 3,504
VAT 16,978 7,221
Other creditors - 33,730
Accruals and deferred income 5,681 5,615
Directors' loan accounts 186,556 495,977
353,097 546,047
Page 4
Page 5
9. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Mortgage 5,181,250 4,931,250
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
11. Directors Advances, Credits and Guarantees
At the balance sheet date Mr W Daniel (Company Director) was owed £186,555 (2022 : £495,976).  
12. Reserves
Revaluation Reserve
£
As at 1 December 2022 4,202,904
Surplus on revaluation 728,441
As at 30 November 2023 4,931,345
13. Related Party Transactions
Godfrey 1 Limited, a company in which Mr W Daniel is also a Company Director owed Stratton Wentworth Limited £803,498 (2022 : £1,168,358).
Page 5