Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-052024-04-05true42023-04-06falseNo description of principal activitytrue4The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11420484 2023-04-06 2024-04-05 11420484 2022-04-06 2023-04-05 11420484 2024-04-05 11420484 2023-04-05 11420484 c:Director1 2023-04-06 2024-04-05 11420484 d:CurrentFinancialInstruments 2024-04-05 11420484 d:CurrentFinancialInstruments 2023-04-05 11420484 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-05 11420484 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-05 11420484 d:ShareCapital 2024-04-05 11420484 d:ShareCapital 2023-04-05 11420484 d:RetainedEarningsAccumulatedLosses 2024-04-05 11420484 d:RetainedEarningsAccumulatedLosses 2023-04-05 11420484 d:OtherDeferredTax 2024-04-05 11420484 d:OtherDeferredTax 2023-04-05 11420484 c:FRS102 2023-04-06 2024-04-05 11420484 c:AuditExempt-NoAccountantsReport 2023-04-06 2024-04-05 11420484 c:FullAccounts 2023-04-06 2024-04-05 11420484 c:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 11420484 2 2023-04-06 2024-04-05 11420484 e:PoundSterling 2023-04-06 2024-04-05 iso4217:GBP xbrli:pure

Registered number: 11420484









STANFORD INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2024

 
STANFORD INVESTMENTS LIMITED
REGISTERED NUMBER: 11420484

BALANCE SHEET
AS AT 5 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
6,450,407
5,705,300

  
6,450,407
5,705,300

Current assets
  

Debtors
 5 
2,003
1,747

Cash at bank and in hand
  
27,771
181,766

  
29,774
183,513

Creditors: amounts falling due within one year
 6 
(4,892,335)
(4,912,061)

Net current liabilities
  
(4,862,561)
(4,728,548)

Provisions for liabilities
  

Deferred tax
 7 
(283,074)
(114,783)

Net assets
  
1,304,772
861,969


Capital and reserves
  

Called up share capital 
  
1,200
1,200

Retained earnings
  
1,303,572
860,769

Shareholders' funds
  
1,304,772
861,969


Page 1

 
STANFORD INVESTMENTS LIMITED
REGISTERED NUMBER: 11420484
    
BALANCE SHEET (CONTINUED)
AS AT 5 APRIL 2024

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 the 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:





C H Cunningham
Director

Date: 17 September 2024

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

Page 2

 
STANFORD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1.


General information

Stanford Investments Limited is a private Company, limited by shares, domiciled and incorporated in England and Wales (registered number: 11420484). The registered office address is at 45 Gresham Street, London, EC2V 7BG.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.4

Interest income

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

Page 3

 
STANFORD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)

 
2.5

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 unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
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 at 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.
 

Page 4

 
STANFORD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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 4 (2023 -4).

Page 5

 
STANFORD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

4.


Fixed asset investments





Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


At 6 April 2023
5,177,987
527,313
5,705,300


Additions
478,711
141,750
620,461


Disposals
(475,515)
(76,970)
(552,485)


Revaluations
674,400
2,731
677,131



At 5 April 2024
5,855,583
594,824
6,450,407





5.


Debtors

2024
2023
£
£


Other debtors
1,734
1,747

Prepayments and accrued income
269
-



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
2,484

Corporation tax
5,985
23,573

Other creditors
4,876,591
4,876,591

Accruals and deferred income
9,759
9,413

4,892,335
4,912,061


Page 6

 
STANFORD INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

7.


Deferred taxation




2024


£






At beginning of year
114,783


Charged to profit or loss
168,291



At end of year
283,074

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Capital gains
283,074
114,783


8.


Related party transactions

As at the balance sheet date the Company owed £4,876,591 (2023 - £4,876,951) to the director. The
loan is unsecured, interest free and is repayable on demand.


9.


Controlling party

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

 
Page 7