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STELVIO INVESTMENT CO. LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024






STELVIO INVESTMENT CO. LIMITED (REGISTERED NUMBER: 00758457)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STELVIO INVESTMENT CO. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: A W Barker
J R Cooper
Mrs J E Cooper





SECRETARY: J R Cooper





REGISTERED OFFICE: 2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ





REGISTERED NUMBER: 00758457 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

STELVIO INVESTMENT CO. LIMITED (REGISTERED NUMBER: 00758457)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,823,057 7,225,912

CURRENT ASSETS
Debtors 5 4,408 1,000
Cash at bank 348,720 1,286,827
353,128 1,287,827
CREDITORS
Amounts falling due within one year 6 24,976 228,810
NET CURRENT ASSETS 328,152 1,059,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,151,209

8,284,929

PROVISIONS FOR LIABILITIES 962,585 981,300
NET ASSETS 7,188,624 7,303,629

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 7 2,480,603 2,480,603
Retained earnings 4,707,021 4,822,026
7,188,624 7,303,629

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

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

STELVIO INVESTMENT CO. LIMITED (REGISTERED NUMBER: 00758457)

BALANCE SHEET - continued
31ST 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 15th August 2024 and were signed on its behalf by:





Mrs J E Cooper - Director


STELVIO INVESTMENT CO. LIMITED (REGISTERED NUMBER: 00758457)

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

1. STATUTORY INFORMATION

Stelvio Investment Co. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

STELVIO INVESTMENT CO. LIMITED (REGISTERED NUMBER: 00758457)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1st April 2023 7,225,000 173,453 7,398,453
Additions 741,373 - 741,373
Revaluations (144,000 ) - (144,000 )
At 31st March 2024 7,822,373 173,453 7,995,826
DEPRECIATION
At 1st April 2023 - 172,541 172,541
Charge for year - 228 228
At 31st March 2024 - 172,769 172,769
NET BOOK VALUE
At 31st March 2024 7,822,373 684 7,823,057
At 31st March 2023 7,225,000 912 7,225,912

Cost or valuation at 31st March 2024 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2021 5,476,800 171,831 5,648,631
Valuation in 2022 3,723,200 1,622 3,724,822
Valuation in 2023 (1,975,000 ) - (1,975,000 )
Valuation in 2024 597,373 - 597,373
7,822,373 173,453 7,995,826

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,408 1,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 492 493
Taxation and social security 9,652 211,019
Other creditors 14,832 17,298
24,976 228,810

STELVIO INVESTMENT CO. LIMITED (REGISTERED NUMBER: 00758457)

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

7. RESERVES
Revaluation
reserve
£   
At 1st April 2023
and 31st March 2024 2,480,603

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £312 (2023 - £200) to A Barker, £583 (2023 - £1,414) to Mrs J Cooper and £490 (2023 - £2515.) to Mr J Cooper the directors and shareholders of the company .The amount is interest free and repayable on demand.