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REGISTERED NUMBER: 13181440 (England and Wales)















STACEY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






STACEY LIMITED (REGISTERED NUMBER: 13181440)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


STACEY LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTORS: Mr T Stacey
Mr L Stacey
Mr J Stacey





REGISTERED OFFICE: Ryder Point Works
Wirksworth
Matlock
Derbyshire
DE4 4HE





REGISTERED NUMBER: 13181440 (England and Wales)





ACCOUNTANTS: The Rees Partnership
Bentley Bridge House
Chesterfield Road
Matlock
Derbyshire
DE4 5LE

STACEY LIMITED (REGISTERED NUMBER: 13181440)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 103 -
Investment property 5 2,204,325 2,204,325
2,204,428 2,204,325

CURRENT ASSETS
Debtors 196,662 16,720
Cash at bank 112,698 53,512
309,360 70,232
CREDITORS
Amounts falling due within one year (2,087,117 ) (2,004,834 )
NET CURRENT LIABILITIES (1,777,757 ) (1,934,602 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

426,671

269,723

CAPITAL AND RESERVES
Called up share capital 6 3
Retained earnings 426,665 269,720
426,671 269,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 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.

STACEY LIMITED (REGISTERED NUMBER: 13181440)

ABRIDGED BALANCE SHEET - continued
31 March 2024



The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





Mr T Stacey - Director


STACEY LIMITED (REGISTERED NUMBER: 13181440)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Stacey 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.

Preparation of consolidated financial statements
The financial statements contain information about Stacey Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Investments in subsidiaries
Investments in subsidiaries are recognised at cost less impairment.

Investments in subsidiaries acquired as a result of a share for share exchange are recognised in the financial statements in accordance with s615 CA06 and paragraph A3.24 of FRS102. Where merger relief is available no share premium is recognised on acquisition with the value of the shares purchased carried at nominal value.

Investment property
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
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.

STACEY LIMITED (REGISTERED NUMBER: 13181440)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 103
At 31 March 2024 103
NET BOOK VALUE
At 31 March 2024 103

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 2,204,325
NET BOOK VALUE
At 31 March 2024 2,204,325
At 31 March 2023 2,204,325

Included in fair value of investment property is freehold land of £ 2,204,325 (2023 - £ 2,204,325 ) which is not depreciated.

The directors are of the opinion that the current market value of investment property less costs to sell is not materially different from historical cost.

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Spencer Bros (1903) Limited - 145,839

A fixed charge with a negative pledge is held over the freehold land, known as Ryder Point, owned by Stacey Ltd in favour of Spencer Bros (1903) Limited.

7. RELATED PARTY DISCLOSURES

Transactions between non-group associated companies were conducted on an arm's length basis.

The total amount owed by the company to associated non-group companies at the year end in relation to non trading transactions was £1,990,229 (2023: £1,801,429). No interest is charged on outstanding loan balances between group and non-group associated companies, which are repayable on demand.

STACEY LIMITED (REGISTERED NUMBER: 13181440)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


8. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, by virtue of their shareholdings.