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REGISTERED NUMBER: 04134758 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 January 2024

for

STANTONE HOMES LIMITED

STANTONE HOMES LIMITED (REGISTERED NUMBER: 04134758)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STANTONE HOMES LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: H Davis





REGISTERED OFFICE: Bath House
6-8 Bath Street
Redcliffe
Bristol
BS1 6HL





REGISTERED NUMBER: 04134758 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
6-8 Bath Street
Bristol
BS1 6HL

STANTONE HOMES LIMITED (REGISTERED NUMBER: 04134758)

Balance Sheet
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 960
Tangible assets 5 21,986 32,092
Investments 6 3,000 3,000
24,986 36,052

CURRENT ASSETS
Debtors 7 200,693 171,621
Cash at bank and in hand 556,994 581,318
757,687 752,939
CREDITORS
Amounts falling due within one year 8 (737,278 ) (748,223 )
NET CURRENT ASSETS 20,409 4,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,395

40,768

CREDITORS
Amounts falling due after more than one
year

9

(15,563

)

(37,163

)
NET ASSETS 29,832 3,605

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 29,732 3,505
SHAREHOLDERS' FUNDS 29,832 3,605

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 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.

STANTONE HOMES LIMITED (REGISTERED NUMBER: 04134758)

Balance Sheet - 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 10 October 2024 and were signed by:





H Davis - Director


STANTONE HOMES LIMITED (REGISTERED NUMBER: 04134758)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2024


1. COMPANY INFORMATION

Stantone Homes 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.

The company's principal activities and nature of its operations are disclosed in the Directors' Report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that despite any potential future adverse effects the company has adequate resources to continue in operational existence for the foreseeable future. Based on this assessment and the current resources available, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover represents income from the management and letting of residential properties and estate agency commissions, excluding value added tax, and represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Turnover is recognised on the date of exchange.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise costs are being amortised evenly over their estimated useful life of 20 years.

Website development costs are being amortised evenly over their estimated useful life of 5 years.

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.
Improvements to leasehold property - 10% on cost
Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

STANTONE HOMES LIMITED (REGISTERED NUMBER: 04134758)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

STANTONE HOMES LIMITED (REGISTERED NUMBER: 04134758)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Website
development
£   
COST
At 1 February 2023
and 31 January 2024 4,800
AMORTISATION
At 1 February 2023 3,840
Amortisation for year 960
At 31 January 2024 4,800
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 960

5. TANGIBLE FIXED ASSETS
Improvements
to
leasehold Office Motor Computer
property equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 51,228 32,850 55,532 23,687 163,297
Additions - 437 - - 437
At 31 January 2024 51,228 33,287 55,532 23,687 163,734
DEPRECIATION
At 1 February 2023 39,526 27,156 41,329 23,194 131,205
Charge for year 5,123 1,533 3,551 336 10,543
At 31 January 2024 44,649 28,689 44,880 23,530 141,748
NET BOOK VALUE
At 31 January 2024 6,579 4,598 10,652 157 21,986
At 31 January 2023 11,702 5,694 14,203 493 32,092

STANTONE HOMES LIMITED (REGISTERED NUMBER: 04134758)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. TANGIBLE FIXED ASSETS - continued

Included in the total net book value of fixed assets was £10,261 (2023 - £13,681) in respect of assets
held under hire purchase contracts.

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2023
and 31 January 2024 3,000
NET BOOK VALUE
At 31 January 2024 3,000
At 31 January 2023 3,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 286 6,052
Other debtors 1,560 2,118
Directors' current accounts 149,479 123,070
Section 455 tax recoverable 48,462 39,549
Prepayments and accrued income 906 832
200,693 171,621

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,603 41,608
Hire purchase contracts 11,598 5,070
Trade creditors 27,776 26,824
Corporation tax 12,979 3,378
Section 455 tax payable 19,294 10,381
Social security and other taxes 44,495 25,871
VAT 31,602 55,693
Other creditors 1,770 8,130
Amounts due to tenants and
landlords 569,369 566,087
Accrued expenses 4,792 5,181
737,278 748,223

STANTONE HOMES LIMITED (REGISTERED NUMBER: 04134758)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,333 23,333
Hire purchase contracts 2,230 13,830
15,563 37,163

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
H Davis
Balance outstanding at start of year 123,070 114,979
Amounts advanced 74,779 35,867
Amounts repaid (48,370 ) (27,776 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 149,479 123,070

The loan has no fixed repayment terms and is unsecured. Interest is charged at HMRC's advisory rates.