IRIS Accounts Production v24.2.0.383 01008870 director 1.5.23 30.4.24 30.4.24 true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010088702023-04-30010088702024-04-30010088702023-05-012024-04-30010088702022-04-30010088702022-05-012023-04-30010088702023-04-3001008870ns15:EnglandWales2023-05-012024-04-3001008870ns14:PoundSterling2023-05-012024-04-3001008870ns10:Director12023-05-012024-04-3001008870ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3001008870ns10:SmallEntities2023-05-012024-04-3001008870ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3001008870ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3001008870ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3001008870ns10:AbridgedAccounts2023-05-012024-04-3001008870ns10:OrdinaryShareClass12023-05-012024-04-3001008870ns10:CompanySecretary12023-05-012024-04-3001008870ns10:RegisteredOffice2023-05-012024-04-3001008870ns5:CurrentFinancialInstruments2024-04-3001008870ns5:CurrentFinancialInstruments2023-04-3001008870ns5:Non-currentFinancialInstruments2024-04-3001008870ns5:Non-currentFinancialInstruments2023-04-3001008870ns5:ShareCapital2024-04-3001008870ns5:ShareCapital2023-04-3001008870ns5:SharePremium2024-04-3001008870ns5:SharePremium2023-04-3001008870ns5:RetainedEarningsAccumulatedLosses2024-04-3001008870ns5:RetainedEarningsAccumulatedLosses2023-04-3001008870ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-05-012024-04-3001008870ns5:FurnitureFittings2023-05-012024-04-3001008870ns5:MotorVehicles2023-05-012024-04-3001008870ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 01008870 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Stanborough (Developments) Limited

Stanborough (Developments) Limited (Registered number: 01008870)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Stanborough (Developments) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mr J H Stanborough





SECRETARY: Mrs W J Stockley





REGISTERED OFFICE: 1 Longfleet Road
Poole
Dorset
BH15 2HN





REGISTERED NUMBER: 01008870 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Stanborough (Developments) Limited (Registered number: 01008870)

Abridged Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 180,204 187,964
Investments 5 1,354,228 1,457,546
1,534,432 1,645,510

CURRENT ASSETS
Stocks 11,026,337 11,016,996
Debtors 1,663,983 795,526
Cash at bank and in hand 13,234,905 12,995,604
25,925,225 24,808,126
CREDITORS
Amounts falling due within one year 582,238 860,352
NET CURRENT ASSETS 25,342,987 23,947,774
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,877,419

25,593,284

CREDITORS
Amounts falling due after more than one year - (236,157 )

PROVISIONS FOR LIABILITIES (45,051 ) (38,069 )
NET ASSETS 26,832,368 25,319,058

CAPITAL AND RESERVES
Called up share capital 6 5,000 5,000
Share premium 5,000 5,000
Retained earnings 26,822,368 25,309,058
SHAREHOLDERS' FUNDS 26,832,368 25,319,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Stanborough (Developments) Limited (Registered number: 01008870)

Abridged Statement of Financial Position - continued
30 April 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 Income Statement and an abridged Statement of Financial Position for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 October 2024 and were signed by:





Mr J H Stanborough - Director


Stanborough (Developments) Limited (Registered number: 01008870)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Stanborough (Developments) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 30% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Stanborough (Developments) Limited (Registered number: 01008870)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Investments
Listed investments held as fixed assets are measured at fair value. Changes in fair value are presented in the profit and loss account.

The fair value of listed investments are measured at the listed market value.

Unlisted investments held as fixed assets are shown at cost less provision for impairment.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 367,117
Additions 24,395
Disposals (41,893 )
At 30 April 2024 349,619
DEPRECIATION
At 1 May 2023 179,153
Charge for year 12,496
Eliminated on disposal (22,234 )
At 30 April 2024 169,415
NET BOOK VALUE
At 30 April 2024 180,204
At 30 April 2023 187,964

Stanborough (Developments) Limited (Registered number: 01008870)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 May 2023 1,457,546
Additions 118,690
Disposals (154,200 )
Revaluations (67,808 )
At 30 April 2024 1,354,228
NET BOOK VALUE
At 30 April 2024 1,354,228
At 30 April 2023 1,457,546

Included in the Fixed asset investments total for the year is £100 of unlisted investments.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary 1 5,000 5,000

7. RELATED PARTY DISCLOSURES

Included within other creditors is £753,351 (2022 - £1,350,222) owed by the company to Stanborough (Construction) Limited, a company controlled by J S Stanborough, a close family member of the director J H Stanborough.

Included within other creditors over 1 year is £236,157 (2022 - £186,157) owed by the company to Branksome Park Association Limited, a subsidiary company.

Included within other creditors is £20 (2022 - £20) owed by the company to J H Stanborough.

8. ULTIMATE CONTROLLING PARTY



The ultimate controlling party is J H Stanborough by virtue of his 100% holding of the issued share capital.