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REGISTERED NUMBER: 00663522 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2024

FOR


STONESHEY GATE PROPERTY COMPANY LIMITED


STONESHEY GATE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00663522)







CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2024





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

3




STONESHEY GATE PROPERTY COMPANY LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 5TH APRIL 2024









DIRECTOR:

J B Crossley







REGISTERED OFFICE:

Stoneshey Gate


Heptonstall


Hebden Bridge


HX7 7HD







REGISTERED NUMBER:

00663522 (England and Wales)







ACCOUNTANTS:

Cresswells


12 Market Sreet


Hebden Bridge


HX7 6AD


STONESHEY GATE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00663522)


BALANCE SHEET

5TH APRIL 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

1,846


2,356



Investment property

5

1,490,000


1,490,000



1,491,846


1,492,356




CURRENT ASSETS

Debtors

6

989


553



Cash at bank and in hand

26,607


22,663



27,596


23,216



CREDITORS

Amounts falling due within one year

7

247,411


246,484



NET CURRENT LIABILITIES

(219,815

)

(223,268

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

1,272,031


1,269,088




PROVISIONS FOR LIABILITIES

8

219,825


219,089



NET ASSETS

1,052,206


1,049,999




CAPITAL AND RESERVES

Called up share capital

9

3,550


3,550



Fair value reserve

10

1,207,000


1,207,274



Retained earnings

10

(158,344

)

(160,825

)


SHAREHOLDERS' FUNDS

1,052,206


1,049,999




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 5th 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.

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 25th October 2024 and were signed by:





J B Crossley - Director



STONESHEY GATE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00663522)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5TH APRIL 2024


1.

STATUTORY INFORMATION



Stoneshey Gate Property Company 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 presentation currency of the financial statements is the Pound Sterling (£).


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.    



Tangible fixed assets


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


Fixtures and fittings

-

10% on cost



Turnover


Turnover represents income from lettings.



Investment property


The investment property is included in fixed assets at its latest valuation plus subsequent additions at cost, and surpluses and deficits on valuation are included in the revaluation reserve. Profits and losses on the sale of this property are calculated by reference to its carrying amount.



Depreciation is not provided in respect of the investment property . This treatment is a departure from the Companies Act 2006 concerning the depreciation of fixed assets. However, such property is not held for consumption but for investment and the directors consider systematic annual depreciation would be inappropriate and this policy is necessary for the accounts to give a true and fair view. Depreciation is only one of the many factors reflected in the valuation and the amount which may otherwise have been shown cannot be separately identified or quantified.


3.

EMPLOYEES AND DIRECTORS



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


4.

TANGIBLE FIXED ASSETS


Fixtures


and


fittings

£   



COST


At 6th April 2023


and 5th April 2024

5,101




DEPRECIATION


At 6th April 2023

2,745




Charge for year

510




At 5th April 2024

3,255




NET BOOK VALUE


At 5th April 2024

1,846




At 5th April 2023

2,356




STONESHEY GATE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00663522)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 5TH APRIL 2024


5.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 6th April 2023


and 5th April 2024

1,490,000




NET BOOK VALUE


At 5th April 2024

1,490,000




At 5th April 2023

1,490,000





Fair value at 5th April 2024 is represented by:

£   



Valuation in 2008

1,235,940




Valuation in 2011

(220,000

)



Valuation in 2014

70,803




Valuation in 2015

82,500




Valuation in 2016

27,000




Valuation in 2017

31,000




Valuation in 2018

109,120




Valuation in 2019

90,000




Cost

63,637



1,490,000





If investment property had not been revalued it would have been included at the following historical cost:


2024

2023


£   

£   



Cost

63,637


63,637




Aggregate depreciation

(26,649

)

(25,468

)




Investment property was valued on an open market basis on 5th April 2024 by the director .


6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Prepayments and accrued income

989


553




7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Other creditors

100


-




Directors' current accounts

243,094


243,094




Accrued expenses

4,217


3,390



247,411


246,484




8.

PROVISIONS FOR LIABILITIES

2024

2023


£   

£   



Deferred tax

219,825


219,089




STONESHEY GATE PROPERTY COMPANY LIMITED (REGISTERED NUMBER: 00663522)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 5TH APRIL 2024


8.

PROVISIONS FOR LIABILITIES - continued



Deferred



tax


£   



Balance at 6th April 2023

219,089




Charge to Income Statement during year

736




Balance at 5th April 2024

219,825




9.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2024

2023



value:

£   

£   



1,810

A Ordinary

£1

1,810


1,810




595

C Ordinary

£1

595


595




595

D Ordinary

£1

595


595




550

B Ordinary

£1

550


550



3,550


3,550




10.

RESERVES


Fair



Retained


value



earnings


reserve


Totals

£   

£   

£   




At 6th April 2023

(160,825

)

1,207,274


1,046,449




Profit for the year

2,207


2,207




Fair value adjustment

274


(274

)

-




At 5th April 2024

(158,344

)

1,207,000


1,048,656