IRIS Accounts Production
v24.3.0.553
04465324
Board of Directors
Board of Directors
1.7.23
30.6.24
30.6.24
false
true
false
false
false
true
false
Fair value model
Ordinary
1.00000
Non Equity Classes A, B and C
1.00000
Ordinary
1.00000
Non Equity Classes A, B and C
1.00000
iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044653242023-06-30044653242024-06-30044653242023-07-012024-06-30044653242022-06-30044653242022-07-012023-06-30044653242023-06-3004465324ns15:EnglandWales2023-07-012024-06-3004465324ns14:PoundSterling2023-07-012024-06-3004465324ns10:Director12023-07-012024-06-3004465324ns10:Director22023-07-012024-06-3004465324ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3004465324ns10:SmallEntities2023-07-012024-06-3004465324ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3004465324ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3004465324ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3004465324ns10:FullAccounts2023-07-012024-06-300446532412023-07-012024-06-3004465324ns10:OrdinaryShareClass12023-07-012024-06-3004465324ns10:OrdinaryShareClass22023-07-012024-06-3004465324ns5:CurrentFinancialInstruments2024-06-3004465324ns5:CurrentFinancialInstruments2023-06-3004465324ns5:Non-currentFinancialInstruments2024-06-3004465324ns5:Non-currentFinancialInstruments2023-06-3004465324ns5:ShareCapital2024-06-3004465324ns5:ShareCapital2023-06-3004465324ns5:RetainedEarningsAccumulatedLosses2024-06-3004465324ns5:RetainedEarningsAccumulatedLosses2023-06-3004465324ns10:RegisteredOffice2023-07-012024-06-3004465324ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3004465324ns5:MotorVehicles2023-07-012024-06-3004465324ns5:ComputerEquipment2023-07-012024-06-3004465324ns5:NetGoodwill2023-06-3004465324ns5:NetGoodwill2024-06-3004465324ns5:NetGoodwill2023-06-3004465324ns5:LandBuildings2023-06-3004465324ns5:FurnitureFittings2023-06-3004465324ns5:MotorVehicles2023-06-3004465324ns5:ComputerEquipment2023-06-3004465324ns5:LandBuildings2023-07-012024-06-3004465324ns5:FurnitureFittings2023-07-012024-06-3004465324ns5:LandBuildings2024-06-3004465324ns5:FurnitureFittings2024-06-3004465324ns5:MotorVehicles2024-06-3004465324ns5:ComputerEquipment2024-06-3004465324ns5:LandBuildings2023-06-3004465324ns5:FurnitureFittings2023-06-3004465324ns5:MotorVehicles2023-06-3004465324ns5:ComputerEquipment2023-06-3004465324ns5:CostValuation2023-06-3004465324ns5:DisposalsRepaymentsInvestments2024-06-3004465324ns5:CostValuation2024-06-3004465324ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3004465324ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3004465324ns5:CurrentFinancialInstruments2023-07-012024-06-3004465324ns10:OrdinaryShareClass12024-06-3004465324ns10:OrdinaryShareClass22024-06-3004465324ns5:RetainedEarningsAccumulatedLosses2023-06-3004465324ns5:RetainedEarningsAccumulatedLosses2023-07-012024-06-30
REGISTERED NUMBER: 04465324 (England and Wales) |
| UNAUDITED FINANCIAL STATEMENTS | |
| FOR THE YEAR ENDED 30 JUNE 2024 | |
| STANGATE PROPERTIES LIMITED | |
Notes to the Financial Statements |
3 |
|
Tangible assets |
5 |
237,732 |
|
241,495 |
|
|
Investments |
6 |
278,530 |
|
280,530 |
|
|
Investment property |
7 |
282,836 |
|
282,836 |
|
|
Debtors |
8 |
102,187 |
|
101,088 |
|
|
Cash at bank and in hand |
587,378 |
|
573,978 |
|
|
Amounts falling due within one year |
9 |
751,993 |
|
741,545 |
|
|
NET CURRENT LIABILITIES |
(62,428 |
) |
(66,479 |
) |
|
TOTAL ASSETS LESS CURRENT LIABILITIES |
736,670 |
|
738,382 |
|
|
Amounts falling due after more than one year |
10 |
635,379 |
|
687,945 |
|
|
NET ASSETS |
101,291 |
|
50,437 |
|
|
Called up share capital |
12 |
103 |
|
103 |
|
|
Retained earnings |
13 |
101,188 |
|
50,334 |
|
|
SHAREHOLDERS' FUNDS |
101,291 |
|
50,437 |
|
|
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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. |
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 by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by: |
Mrs C M Shambrook - Director |
|
Stangate Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below: |
|
Registered number: |
04465324 |
|
Registered office: |
The Wright Property |
|
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. |
|
Turnover represents net invoiced sales of services, excluding value added tax. |
| 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. |
|
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
|
Motor vehicles |
- |
25% on reducing balance |
|
Equipment |
- |
33% on cost and 15% on reducing balance |
|
Investments in subsidiaries |
|
Investments in subsidiary undertakings are recognised at cost. |
| 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 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. |
|
Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
|
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 8 (2023 - 9 ) . |
4. |
INTANGIBLE FIXED ASSETS |
|
property |
|
fittings |
|
vehicles |
|
Equipment |
|
Totals |
|
and 30 June 2024 |
162,258 |
|
68,213 |
|
25,968 |
|
43,364 |
|
299,803 |
|
|
|
At 1 July 2023 |
- |
|
- |
|
16,286 |
|
42,022 |
|
58,308 |
|
|
|
Charge for year |
- |
|
- |
|
2,421 |
|
1,342 |
|
3,763 |
|
|
|
At 30 June 2024 |
- |
|
- |
|
18,707 |
|
43,364 |
|
62,071 |
|
|
|
At 30 June 2024 |
162,258 |
|
68,213 |
|
7,261 |
|
- |
|
237,732 |
|
|
|
At 30 June 2023 |
162,258 |
|
68,213 |
|
9,682 |
|
1,342 |
|
241,495 |
|
|
6. |
FIXED ASSET INVESTMENTS |
|
subsidiaries |
|
investments |
|
Totals |
|
At 1 July 2023 |
278,530 |
|
2,000 |
|
280,530 |
|
|
|
Disposals |
- |
|
(2,000 |
) |
(2,000 |
) |
|
|
At 30 June 2024 |
278,530 |
|
- |
|
278,530 |
|
|
|
At 30 June 2024 |
278,530 |
|
- |
|
278,530 |
|
|
|
At 30 June 2023 |
278,530 |
|
2,000 |
|
280,530 |
|
|
8. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Trade debtors |
97,799 |
|
96,752 |
|
|
|
Other debtors |
4,388 |
|
4,336 |
|
|
9. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Bank loans and overdrafts |
57,126 |
|
57,126 |
|
|
|
Hire purchase contracts |
1,408 |
|
2,403 |
|
|
|
Taxation and social security |
68,967 |
|
51,602 |
|
|
|
Other creditors |
623,778 |
|
629,760 |
|
|
| Other creditors includes £557,658 (2023: £563,642) which represents tenant deposits held in a separate bank account. |
10. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
|
|
Bank loans |
627,264 |
|
678,421 |
|
|
|
Hire purchase contracts |
8,115 |
|
9,524 |
|
|
|
Amounts falling due in more than five years: |
|
Bank loans more than 5 years |
228,266 |
|
266,037 |
|
|
|
Other creditors |
186,266 |
|
186,266 |
|
|
|
The following secured debts are included within creditors: |
|
Bank loans |
498,124 |
|
549,280 |
|
|
|
A charge dated 16 February 2017 and debenture charge dated 17 May 2010 exists between Lloyds Bank Plc and the company over its assets. |
|
The director, Mr J Gay, has provided a personal guarantee over one of the loans. The value outstanding on this loan at the year end is £220,047. |
12. |
CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
|
Number: |
Class: |
Nominal |
2024 |
2023 |
|
|
3 |
Non Equity Classes A, B and C |
£1 |
3 |
|
3 |
|
|
|
Profit for the year |
140,420 |
|
|
14. |
RELATED PARTY DISCLOSURES |
|
The company charged Mr J Gay £9,488 (2023: £13,459) in respect of property management fees during the year. The fees were on a normal commercial basis. |
|
The ultimate controlling party is Mr J Gay and Mrs C Shambrook. |