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REGISTERED NUMBER: 04004325 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

STONELODGE DEVELOPMENTS LIMITED

STONELODGE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04004325)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


STONELODGE DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: G A Brooke
M J C Brooke





SECRETARY: M J C Brooke





REGISTERED OFFICE: Brooke House
The Broadway
Trusham
Newton Abbot
Devon
TQ13 0NR





REGISTERED NUMBER: 04004325 (England and Wales)





ACCOUNTANTS: Sheppard Rockey & Williams Ltd
Sannerville Chase
Exminster
Exeter
Devon
EX6 8AT

STONELODGE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04004325)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 126,716 152,060
Tangible assets 5 2,730 1,158
Investment property 6 448,915 414,027
578,361 567,245

CURRENT ASSETS
Stocks 26,000 27,393
Debtors 7 10,850 25,454
Cash at bank and in hand 64,852 37,134
101,702 89,981
CREDITORS
Amounts falling due within one year 8 534,328 559,914
NET CURRENT LIABILITIES (432,626 ) (469,933 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,735

97,312

PROVISIONS FOR LIABILITIES 17,762 13,521
NET ASSETS 127,973 83,791

CAPITAL AND RESERVES
Called up share capital 9 198 198
Retained earnings 10 127,775 83,593
SHAREHOLDERS' FUNDS 127,973 83,791

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.

STONELODGE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04004325)

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 11 September 2024 and were signed on its behalf by:





G A Brooke - Director


STONELODGE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04004325)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Stonelodge Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and equipment - 15% on cost
Office equipment - 25% on cost

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.

Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value.

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.


STONELODGE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04004325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The accounts have been prepared on a going concern basis. The directors are of the opinion that sufficient finance will be available to enable the company to continue trading for at least one year after the date of the approval of these accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 253,436
AMORTISATION
At 1 April 2023 101,376
Amortisation for year 25,344
At 31 March 2024 126,720
NET BOOK VALUE
At 31 March 2024 126,716
At 31 March 2023 152,060

STONELODGE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04004325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and Office
equipment equipment Totals
£    £    £   
COST
At 1 April 2023 4,606 2,819 7,425
Additions 1,938 342 2,280
At 31 March 2024 6,544 3,161 9,705
DEPRECIATION
At 1 April 2023 3,520 2,747 6,267
Charge for year 587 121 708
At 31 March 2024 4,107 2,868 6,975
NET BOOK VALUE
At 31 March 2024 2,437 293 2,730
At 31 March 2023 1,086 72 1,158

6. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2023 414,027
Additions 22,688
Revaluations 12,200
At 31 March 2024 448,915
NET BOOK VALUE
At 31 March 2024 448,915
At 31 March 2023 414,027

Included in cost or valuation of investment property is freehold land of £ 82,485 (2023 - £ 82,485 ) which is not depreciated.

Cost or valuation at 31 March 2024 is represented by:
£   
Valuation in 2007 30,015
Valuation in 2008 (5,000 )
Valuation in 2015 15,000
Valuation in 2019 30,000
Valuation in 2021 7,800
Valuation in 2024 12,200
Cost 358,900
448,915

STONELODGE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04004325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 358,900 336,212
Aggregate depreciation (47,154 ) (41,575 )

The investment properties were valued on an open market basis basis on 31 March 2024 by G A Brooke , director .

Deferred tax relating to the investment property measured at fair value amounts to £17,103 (2023: £13,303).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 7,173 19,946
Other debtors 3,677 5,508
10,850 25,454

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 3,145 1,305
Taxation and social security 21,450 13,508
Other creditors 509,733 545,101
534,328 559,914

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
99 Ordinary Class A 1 99 99
99 Ordinary Class B 1 99 99
198 198

10. RESERVES

Reserves at 31 March 2024 include an Investment Property Revaluation Reserve of £72,912 (2023: £64,512)

11. RELATED PARTY DISCLOSURES

Included in other creditors falling due within one year are loan accounts from directors with participating interests in the shares of the company of £480,135 (2023: £518,005). The loans are unsecured, repayable on demand and attract interest at a market rate.