Stone House Leisure Ltd 15109816 false 2023-09-01 2024-03-31 2024-03-31 The principal activity of the company is Public houses and bars Digita Accounts Production Advanced 6.30.9574.0 true true true 15109816 2023-09-01 2024-03-31 15109816 2024-03-31 15109816 core:CurrentFinancialInstruments 2024-03-31 15109816 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 15109816 core:Non-currentFinancialInstruments 2024-03-31 15109816 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 15109816 bus:SmallEntities 2023-09-01 2024-03-31 15109816 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-03-31 15109816 bus:FilletedAccounts 2023-09-01 2024-03-31 15109816 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-03-31 15109816 bus:RegisteredOffice 2023-09-01 2024-03-31 15109816 bus:Director1 2023-09-01 2024-03-31 15109816 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-03-31 15109816 1 2023-09-01 2024-03-31 15109816 countries:EnglandWales 2023-09-01 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 15109816

Stone House Leisure Ltd

Unaudited Filleted Financial Statements

for the Period from 1 September 2023 to 31 March 2024

 

Stone House Leisure Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Stone House Leisure Ltd

Company Information

Director

Mr James Martin Ralphs Craddock

Registration number

15109816

Registered office

Stone House
Stourton
Shipston on Stour
CV36 5HG

Accountants

mca Shepherd Smail
21 Market Place
Cirencester
Gloucestershire
GL7 2NX

 

Stone House Leisure Ltd

(Registration number: 15109816)
Balance Sheet as at 31 March 2024

Note

2024
£

Fixed assets

 

Investment property

4

652,897

Current assets

 

Debtors

5

23,691

Cash at bank and in hand

 

11,633

 

35,324

Creditors: Amounts falling due within one year

6

(1,001)

Net current assets

 

34,323

Total assets less current liabilities

 

687,220

Creditors: Amounts falling due after more than one year

6

(689,738)

Net liabilities

 

(2,518)

Capital and reserves

 

Called up share capital

1

Retained earnings

(2,519)

Shareholders' deficit

 

(2,518)

 

Stone House Leisure Ltd

(Registration number: 15109816)
Balance Sheet as at 31 March 2024

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

Director's responsibilities:

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

The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 October 2024
 

Mr James Martin Ralphs Craddock

Director

 

Stone House Leisure Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 31 March 2024

1

General information

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

The address of its registered office is:
Stone House
Stourton
Shipston on Stour
CV36 5HG

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.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

Stone House Leisure Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 31 March 2024

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.

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 the director) during the period, was 1.

 

Stone House Leisure Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 31 March 2024

4

Investment properties

2024
£

Additions

652,897

At 31 March

652,897

Investment Properties have been valued by the directors at their market value of £636,185 at the period end.

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

5

Debtors

Current

2024
£

Other debtors

23,691

 

23,691

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

1,000

Other creditors

1

1,001

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

7

689,738

 

Stone House Leisure Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 31 March 2024

7

Loans and borrowings

Non-current loans and borrowings

2024
£

Other borrowings

689,738

Other borrowings

The carrying amount of borrowing at period end is £689,738 ( - £Nil).

Included in the above borrowings is £689,738 of monies owed to JMRC Investments - the parent company.

8

Parent and ultimate parent undertaking

The company is controlled fully by JMRC Investments,

 The company's immediate parent is JMRC Investments, incorporated in England and Wales.

 

9

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

A Ordinary shares of £1 each

1

1