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REGISTERED NUMBER: 06416685 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Stonham Barns Limited

Stonham Barns Limited (Registered number: 06416685)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Stonham Barns Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A S Forward





REGISTERED OFFICE: Knowle House
Rotherfield Road
Crowborough
East Sussex
TN6 3DY





REGISTERED NUMBER: 06416685 (England and Wales)





ACCOUNTANTS: Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU

Stonham Barns Limited (Registered number: 06416685)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,135,403 3,094,157

CURRENT ASSETS
Stocks 1,236,755 982,570
Debtors 5 963,677 711,167
Cash at bank and in hand 34,026 82,041
2,234,458 1,775,778
CREDITORS
Amounts falling due within one year 6 7,628,664 6,425,725
NET CURRENT LIABILITIES (5,394,206 ) (4,649,947 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,258,803

)

(1,555,790

)

CREDITORS
Amounts falling due after more than one
year

7

411,528

727,284
NET LIABILITIES (2,670,331 ) (2,283,074 )

CAPITAL & RESERVES
Called up share capital 8 1,000 1,000
Retained earnings (2,671,331 ) (2,284,074 )
SHAREHOLDERS' FUNDS (2,670,331 ) (2,283,074 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 25 September 2024 and were signed by:





A S Forward - Director


Stonham Barns Limited (Registered number: 06416685)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Stonham Barns 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.

The financial statements have been prepared on the going concern basis on the assumption that the company's directors and associated companies will continue to provide financial support.

Turnover
Turnover arising from the operation of mobile home parks represents amounts receivable for goods and services net of value added tax.

Turnover for the retail complex represents rents charged to tenants, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold improvements - 2% on cost
Plant & machinery - 15% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Stonham Barns Limited (Registered number: 06416685)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Leasehold Plant & Motor
improvements machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2023 2,921,780 619,868 447,189 3,988,837
Additions 187,113 13,742 8,200 209,055
Disposals - - (10,800 ) (10,800 )
At 31 December 2023 3,108,893 633,610 444,589 4,187,092
DEPRECIATION
At 1 January 2023 208,899 477,528 208,253 894,680
Charge for year 62,179 41,300 60,937 164,416
Eliminated on disposal - - (7,407 ) (7,407 )
At 31 December 2023 271,078 518,828 261,783 1,051,689
NET BOOK VALUE
At 31 December 2023 2,837,815 114,782 182,806 3,135,403
At 31 December 2022 2,712,881 142,340 238,936 3,094,157

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Leasehold Plant & Motor
improvements machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 94,331 397,215 327,915 819,461
DEPRECIATION
At 1 January 2023 9,042 359,443 126,357 494,842
Charge for year 1,887 11,954 50,390 64,231
At 31 December 2023 10,929 371,397 176,747 559,073
NET BOOK VALUE
At 31 December 2023 83,402 25,818 151,168 260,388
At 31 December 2022 85,289 37,772 201,558 324,619

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 228,940 197,302
Other debtors 168,929 24,310
Deferred tax asset 565,808 489,555
963,677 711,167

Stonham Barns Limited (Registered number: 06416685)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 6,806 6,502
Hire purchase contracts 444,808 410,470
Trade creditors 1,403,245 1,629,902
Social security & other taxes 239,327 41,049
Other creditors 4,856,200 3,864,181
Directors' current accounts 134,556 468,621
Accrued expenses 543,722 5,000
7,628,664 6,425,725

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other loans - 1-2 years - 6,806
Hire purchase contracts 411,528 720,478
411,528 727,284

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A S Forward.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Stonham Barns Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stonham Barns Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Stonham Barns Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stonham Barns Limited and state those matters that we have agreed to state to the director of Stonham Barns Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stonham Barns Limited and its director for our work or for this report.

It is your duty to ensure that Stonham Barns Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Stonham Barns Limited. You consider that Stonham Barns Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stonham Barns Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU


25 September 2024