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REGISTERED NUMBER: 13836959 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 January 2024

for

Stag Developments of Derbyshire Limited

Stag Developments of Derbyshire Limited (Registered number: 13836959)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Stag Developments of Derbyshire Limited

Company Information
for the year ended 31 January 2024







DIRECTORS: L A P Beaumont
J H Jarratt





REGISTERED OFFICE: 22 Silverthorne Close
Stalybridge
Cheshire
SK15 2DQ





REGISTERED NUMBER: 13836959 (England and Wales)





ACCOUNTANTS: S & A Buckley Limited
22 Silverthorne Close
Stalybridge
Cheshire
SK15 2DQ

Stag Developments of Derbyshire Limited (Registered number: 13836959)

Abridged Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 385,000 302,716

CURRENT ASSETS
Debtors 2,501 1,690
Cash at bank 61,201 866
63,702 2,556
CREDITORS
Amounts falling due within one year 162,163 323,158
NET CURRENT LIABILITIES (98,461 ) (320,602 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

286,539

(17,886

)

CREDITORS
Amounts falling due after more than one year 5 (241,885 ) -

PROVISIONS FOR LIABILITIES (8,488 ) -
NET ASSETS/(LIABILITIES) 36,166 (17,886 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 36,066 (17,986 )
36,166 (17,886 )

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

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

Stag Developments of Derbyshire Limited (Registered number: 13836959)

Abridged Statement of Financial Position - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:





J H Jarratt - Director


Stag Developments of Derbyshire Limited (Registered number: 13836959)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Stag Developments of Derbyshire 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Stag Developments of Derbyshire Limited (Registered number: 13836959)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 February 2023 302,716
Additions 7,391
Revaluations 74,893
At 31 January 2024 385,000
NET BOOK VALUE
At 31 January 2024 385,000
At 31 January 2023 302,716

Cost or valuation at 31 January 2024 is represented by:
£   
Valuation in 2024 74,893
Cost 310,107
385,000

During the year both properties were professionally valued, for the purposes of re-mortgaging, at a fair value of £385,000.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 241,885 -

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 241,885 103,824

The bank loans are secured against the investment properties at 38 Sheffield Road, Glossop, Derbyshire, SK13 8QL and 225 High Street West, Glossop, Derbyshire SK13 8EX.,

7. RESERVES

Retained earnings includes £74,893 (2023: £Nil) of undistributable reserves in respect of fair value adjustments to the investment properties.