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Registration number: 14785535

Stonehill FH Limited

Annual Report and Unaudited Financial Statements

for the Period from 6 April 2023 to 31 December 2023

 

Stonehill FH Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Stonehill FH Limited

Company Information

Director

Mark Jason Thompson

Registered office

Elsley Court
20-22 Great Titchfield Street
London
W1W 8BE

Accountants

Carbon Accountancy Limited
Chartered Accountants
80-83 Long Lane
London
EC1A 9ET

 

Stonehill FH Limited

(Registration number: 14785535)
Balance Sheet as at 31 December 2023

Note

2023
£

Fixed assets

 

Investments

4

794,538

Current assets

 

Debtors

5

100

Creditors: Amounts falling due within one year

6

(82,587)

Net current liabilities

 

(82,487)

Total assets less current liabilities

 

712,051

Creditors: Amounts falling due after more than one year

6

(602,000)

Net assets

 

110,051

Capital and reserves

 

Called up share capital

7

100

Retained earnings

109,951

Shareholders' funds

 

110,051

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 August 2024
 

.........................................
Mark Jason Thompson
Director

 

Stonehill FH Limited

Notes to the Unaudited Financial Statements for the Period from 6 April 2023 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Elsley Court
20-22 Great Titchfield Street
London
W1W 8BE

These financial statements were authorised for issue by the director on 23 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Stonehill FH Limited

Notes to the Unaudited Financial Statements for the Period from 6 April 2023 to 31 December 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Investments

2023
£

Investments in subsidiaries

794,538

Subsidiaries

£

Cost or valuation

Additions

794,538

Provision

Carrying amount

At 31 December 2023

794,538

 

Stonehill FH Limited

Notes to the Unaudited Financial Statements for the Period from 6 April 2023 to 31 December 2023

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

Subsidiary undertakings

Stonehill Financial Limited

80-83 Long Lane, London EC1A 9ET

Ordinary

100%

5

Debtors

Current

2023
£

Other debtors

100

 

Stonehill FH Limited

Notes to the Unaudited Financial Statements for the Period from 6 April 2023 to 31 December 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Loans and borrowings

8

48,000

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

34,587

 

82,587

Creditors: amounts falling due after more than one year

Note

2023
£

Due after one year

 

Loans and borrowings

8

602,000

7

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary of £1 each

100

100

     

8

Loans and borrowings

2023
£

Non-current loans and borrowings

Other borrowings

602,000

2023
£

Current loans and borrowings

Other borrowings

48,000

 

Stonehill FH Limited

Notes to the Unaudited Financial Statements for the Period from 6 April 2023 to 31 December 2023

9

Related party transactions

Stonehill Financial Limited
(Subsidiary)

At the balance sheet date, amount due to Stonehill Financial Limited was £34,586. The amount is interest free and repayable on demand.