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REGISTERED NUMBER: 11252370 (England and Wales)














Financial Statements

for the Year Ended 31 March 2024

for

Standard Group Property Limited

Standard Group Property Limited (Registered number: 11252370)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Standard Group Property Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M D Goodwin
M F Goodwin
N J Goodwin
G C Goodwin





REGISTERED OFFICE: Carlton House
Gores Road
Knowsley Industrial Estate
Liverpool
Merseyside
L33 7XS





REGISTERED NUMBER: 11252370 (England and Wales)





AUDITORS: SB&P
Chartered Accountants & Statutory Auditors
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Standard Group Property Limited (Registered number: 11252370)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 517,638 544,086

CURRENT ASSETS
Debtors 5 100 100

CREDITORS
Amounts falling due within one year 6 660,474 673,436
NET CURRENT LIABILITIES (660,374 ) (673,336 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(142,736

)

(129,250

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (142,836 ) (129,350 )
SHAREHOLDERS' FUNDS (142,736 ) (129,250 )

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 Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





N J Goodwin - Director


Standard Group Property Limited (Registered number: 11252370)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Standard Group Property 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Freehold land is not subject to depreciation.

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 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.

Going concern
The company meets its day to day working capital requirements from support from companies under common control. No adjustments have been made to reflect the position if such support was withdrawn. This support is expected to continue for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

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

Standard Group Property Limited (Registered number: 11252370)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 447,126 150,000 125,000 722,126
DEPRECIATION
At 1 April 2023 15,680 88,560 73,800 178,040
Charge for year 3,920 12,288 10,240 26,448
At 31 March 2024 19,600 100,848 84,040 204,488
NET BOOK VALUE
At 31 March 2024 427,526 49,152 40,960 517,638
At 31 March 2023 431,446 61,440 51,200 544,086

Included in cost of land and buildings is freehold land of £ 251,126 (2023 - £ 251,126 ) which is not depreciated.

The company has opted to apply the Triennial review 2017 amendments and elected to measure an investment property rented to another group entity as freehold property and measure the property at cost (less depreciation and impairment) under FRS 102 Section 17 Property, Plant and Equipment.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 100 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed to group undertakings 659,049 672,186
Accruals and deferred income 1,425 1,250
660,474 673,436

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

Standard Group Property Limited (Registered number: 11252370)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. RESERVES
Retained
earnings
£   

At 1 April 2023 (129,350 )
Deficit for the year (13,486 )
At 31 March 2024 (142,836 )

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Suzanne Draper FCCA ACA (Senior Statutory Auditor)
for and on behalf of SB&P

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Standard Group Holdings Limited.

11. PARENT CONSOLIDATION

The company is included within the consolidated financial statements of Standard Group Holdings Ltd the registered office of which is Carlton House, Gores Lane, Knowsley Industrial Estate, Liverpool, L33 7XS.