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REGISTERED NUMBER: 11342064 (England and Wales)

























Financial Statements

for the Year Ended 31 May 2024

for

Stewart Residential Lettings Limited

Stewart Residential Lettings Limited (Registered number: 11342064)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stewart Residential Lettings Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: I R Stewart
Mrs C L Deacon
M P Stewart
J C Stewart





REGISTERED OFFICE: The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR





REGISTERED NUMBER: 11342064 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

Stewart Residential Lettings Limited (Registered number: 11342064)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 901,060 941,060

CURRENT ASSETS
Cash at bank and in hand 17,727 11,077

CREDITORS
Amounts falling due within one year 5 663,208 677,016
NET CURRENT LIABILITIES (645,481 ) (665,939 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,579

275,121

PROVISIONS FOR LIABILITIES 30,780 38,380
NET ASSETS 224,799 236,741

CAPITAL AND RESERVES
Called up share capital 400 400
Fair value reserve 6 124,570 202,000
Retained earnings 99,829 34,341
SHAREHOLDERS' FUNDS 224,799 236,741

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

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

Stewart Residential Lettings Limited (Registered number: 11342064)

Balance Sheet - continued
31 May 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 5 September 2024 and were signed on its behalf by:





J C Stewart - Director


Stewart Residential Lettings Limited (Registered number: 11342064)

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

1. STATUTORY INFORMATION

Stewart Residential Lettings Limited 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 consists of rental received from the portfolio of investment properties. It is recognised when the right to receive the rent is unconditional.

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 4 (2023 - 4 ) .

Stewart Residential Lettings Limited (Registered number: 11342064)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 941,060
Revaluations (40,000 )
At 31 May 2024 901,060
NET BOOK VALUE
At 31 May 2024 901,060
At 31 May 2023 941,060

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2021 841,060
Valuation in 2022 80,000
Valuation in 2023 20,000
Valuation in 2024 (40,000 )
901,060

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 663,208 677,016

6. RESERVES
Fair
value
reserve
£   
At 1 June 2023 202,000
Property revaluation (77,430 )

At 31 May 2024 124,570