REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2024 |
FOR |
STONESHEY GATE PROPERTY COMPANY LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( | ) | ( | ) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 8 |
NET ASSETS | 1,052,206 | 1,049,999 |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Fair value reserve | 10 |
Retained earnings | 10 | ( | ) | ( | ) |
SHAREHOLDERS' FUNDS | 1,052,206 | 1,049,999 |
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. |
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 |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Fixtures and fittings | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 6th April 2023 |
and 5th April 2024 |
DEPRECIATION |
At 6th April 2023 |
Charge for year |
At 5th April 2024 |
NET BOOK VALUE |
At 5th April 2024 |
At 5th April 2023 |
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 |
NET BOOK VALUE |
At 5th April 2024 |
At 5th April 2023 |
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 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |
Directors' current accounts | 243,094 | 243,094 |
Accrued expenses |
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 |
Charge to Income Statement during year |
Balance at 5th April 2024 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
A Ordinary | £1 | 1,810 | 1,810 |
C Ordinary | £1 | 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 | ( | ) |
Profit for the year |
Fair value adjustment | 274 | (274 | ) | - |
At 5th April 2024 | (158,344 | ) | 1,207,000 | 1,048,656 |