Stables (Didsbury) Limited 13164190 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is Other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true true 13164190 2023-02-01 2024-01-31 13164190 2024-01-31 13164190 bus:OrdinaryShareClass1 bus:CumulativeNon-redeemableShares 2024-01-31 13164190 core:RetainedEarningsAccumulatedLosses 2024-01-31 13164190 core:ShareCapital 2024-01-31 13164190 core:CurrentFinancialInstruments 2024-01-31 13164190 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 13164190 core:Non-currentFinancialInstruments 2024-01-31 13164190 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 13164190 bus:SmallEntities 2023-02-01 2024-01-31 13164190 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13164190 bus:FilletedAccounts 2023-02-01 2024-01-31 13164190 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13164190 bus:RegisteredOffice 2023-02-01 2024-01-31 13164190 bus:Director1 2023-02-01 2024-01-31 13164190 bus:Director2 2023-02-01 2024-01-31 13164190 bus:OrdinaryShareClass1 bus:CumulativeNon-redeemableShares 2023-02-01 2024-01-31 13164190 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13164190 countries:AllCountries 2023-02-01 2024-01-31 13164190 2023-01-31 13164190 2022-02-01 2023-01-31 13164190 2023-01-31 13164190 bus:OrdinaryShareClass1 bus:CumulativeNon-redeemableShares 2023-01-31 13164190 core:RetainedEarningsAccumulatedLosses 2023-01-31 13164190 core:ShareCapital 2023-01-31 13164190 core:CurrentFinancialInstruments 2023-01-31 13164190 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 13164190 core:Non-currentFinancialInstruments 2023-01-31 13164190 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13164190

Stables (Didsbury) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Stables (Didsbury) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Stables (Didsbury) Limited

Company Information

Directors

Mrs Kajal Bhayani

Mr Dharmesh Bhayani

Registered office

2a Essex Avenue,
Manchester
Lancashire
M20 6AN

Accountants

The Moffatts Partnership LLP
Suite 1.1, First Floor
Jackson House
Sibson Road
Sale
M33 7RR

 

Stables (Didsbury) Limited

(Registration number: 13164190)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

757,095

757,095

Current assets

 

Debtors

5

4,000

-

Cash at bank and in hand

 

7,145

17,126

 

11,145

17,126

Creditors: Amounts falling due within one year

6

(234,963)

(243,510)

Net current liabilities

 

(223,818)

(226,384)

Total assets less current liabilities

 

533,277

530,711

Creditors: Amounts falling due after more than one year

6

(502,424)

(504,283)

Net assets

 

30,853

26,428

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

30,753

26,328

Shareholders' funds

 

30,853

26,428

 

Stables (Didsbury) Limited

(Registration number: 13164190)
Balance Sheet as at 31 January 2024

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 May 2024 and signed on its behalf by:
 

.........................................
Mr Dharmesh Bhayani
Director

 

Stables (Didsbury) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

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

The address of its registered office is:
2a Essex Avenue,
Manchester
Lancashire
M20 6AN
United Kingdom

These financial statements were authorised for issue by the Board on 22 May 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.

Going concern

The directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis on preparing its financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Stables (Didsbury) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Government grants

Government grants are recognised under the accrual model. Income is recognised in the same period that the related expenditure the grant is intended to compensate is incurred.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

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.

 

Stables (Didsbury) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Investment properties

2024
£

At 1 February

757,095

At 31 January

757,095

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2024
£

2023
£

Trade debtors

4,000

-

 

4,000

-

 

Stables (Didsbury) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

7,930

14,000

Taxation and social security

 

1,038

3,966

Accruals and deferred income

 

10,506

11,346

Other creditors

 

215,489

214,198

 

234,963

243,510

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

502,424

504,283

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary £1 Shares of £1 each

100

100

100

100

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

502,424

504,283

Current loans and borrowings

2024
£

2023
£

Other borrowings

7,930

14,000