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REGISTERED NUMBER: 07536125 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

STEDMAN PROPERTIES LTD

STEDMAN PROPERTIES LTD (REGISTERED NUMBER: 07536125)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STEDMAN PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mr P M Stringer





REGISTERED OFFICE: 7
Regent Place
Kingswood Road
Tunbridge Wells
Kent
TN8 6TE





REGISTERED NUMBER: 07536125 (England and Wales)





ACCOUNTANTS: TaxAgility Limited
34 Lower Richmond Road
Putney
London
SW15 1JP

STEDMAN PROPERTIES LTD (REGISTERED NUMBER: 07536125)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 982 -
Investment property 5 1,250,000 1,200,000
1,250,982 1,200,000

CURRENT ASSETS
Cash at bank 62,402 46,485

CREDITORS
Amounts falling due within one year 6 (37,728 ) (36,605 )
NET CURRENT ASSETS 24,674 9,880
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,275,656

1,209,880

PROVISIONS FOR LIABILITIES (67,857 ) (59,874 )
NET ASSETS 1,207,799 1,150,006

CAPITAL AND RESERVES
Called up share capital 678,045 678,045
Fair value reserve 7 357,143 315,126
Retained earnings 172,611 156,835
SHAREHOLDERS' FUNDS 1,207,799 1,150,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

STEDMAN PROPERTIES LTD (REGISTERED NUMBER: 07536125)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 7 October 2024 and were signed by:





Mr P M Stringer - Director


STEDMAN PROPERTIES LTD (REGISTERED NUMBER: 07536125)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
Additions 1,023
At 29 February 2024 1,023
DEPRECIATION
Charge for year 41
At 29 February 2024 41
NET BOOK VALUE
At 29 February 2024 982

STEDMAN PROPERTIES LTD (REGISTERED NUMBER: 07536125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 1,200,000
Revaluations 50,000
At 29 February 2024 1,250,000
NET BOOK VALUE
At 29 February 2024 1,250,000
At 28 February 2023 1,200,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2022 375,000
Valuation in 2024 50,000
Cost 825,000
1,250,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 1 -
Taxation and social security 3,470 1,529
Other creditors 34,257 35,076
37,728 36,605

7. RESERVES
Fair
value
reserve
£   
At 1 March 2023 315,126
Revaluation reserve 42,017

At 29 February 2024 357,143

STEDMAN PROPERTIES LTD (REGISTERED NUMBER: 07536125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Mr P M Stringer
Balance outstanding at start of year (31,876 ) (32,756 )
Amounts advanced - 880
Amounts repaid (919 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (32,795 ) (31,876 )

It is confirmed that the director’s current account is debited with personal transactions and credited with director’s remuneration as well as dividends.

The loan is unsecured, interest free and no repayment terms have been agreed.