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Registered number: 02861515









STALISFIELD INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
STALISFIELD INVESTMENTS LIMITED
REGISTERED NUMBER: 02861515

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,487,639
1,315,727

Investment property
  
360,908
360,908

  
1,848,547
1,676,635

Current assets
  

Debtors: amounts falling due within one year
 6 
174,275
177,388

Cash at bank and in hand
  
126,984
172,488

  
301,259
349,876

Creditors: amounts falling due within one year
 7 
(14,819)
(20,981)

Net current assets
  
 
 
286,440
 
 
328,895

Total assets less current liabilities
  
2,134,987
2,005,530

Provisions for liabilities
  

Deferred tax
  
(58,537)
(32,439)

Net assets
  
2,076,450
1,973,091


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Share premium account
  
453,469
453,469

Retained earnings
  
1,621,981
1,518,622

Shareholders' funds
  
2,076,450
1,973,091


Page 1

 
STALISFIELD INVESTMENTS LIMITED
REGISTERED NUMBER: 02861515
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The Company has opted not to file the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A M Cloke
Director

Date: 9 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
STALISFIELD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Stalisfield Investments Limited is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 02861515). The registered office address is Brockbourne House, 77 Mount Ephraim, Tunbridge Wells, Kent, TN4 8BS. 
The Company's functional and presentational currency is GBP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast doubt on the Company's ability to continue as a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue is recognised in the accounting period in which the rental income relates.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3

 
STALISFIELD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument. 
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.
Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
STALISFIELD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Listed investments

£



Valuation


At 1 January 2023
1,315,727


Additions
111,002


Revaluations
60,910



At 31 December 2023
1,487,639





5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
360,908



At 31 December 2023
360,908

The 2023 valuations were made by A M Cloke, a director of the Company, on an open market value for existing use basis.






Page 5

 
STALISFIELD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Other debtors
174,275
174,692

Prepayments and accrued income
-
2,696

174,275
177,388



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
7,714
5,177

Other creditors
1,825
10,860

Accruals and deferred income
5,280
4,944

14,819
20,981



8.


Deferred taxation




2023


£






At beginning of year
32,439


Charged to profit or loss
(26,098)



At end of year
58,537

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Capital gains
58,537
32,439


9.


Related party transactions

At the year end, the Company had outstanding loans payable to the directors totalling £1,825 (2022 - £10,860). These loans are unsecured, interest free and repayable on demand. 

Page 6

 
STALISFIELD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Controlling party

The directors do not consider there to be an ultimate controlling party.

 
Page 7