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REGISTERED NUMBER: 00360637 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

A. Stockall And Son Limited

A. Stockall And Son Limited (Registered number: 00360637)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A. Stockall And Son Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr H J Stockall





SECRETARY: Mrs A J Stockall





REGISTERED OFFICE: 124 Wellsway, Keynsham
Bristol
Bath & Ne
Somerset
BS31 1JF





REGISTERED NUMBER: 00360637 (England and Wales)





ACCOUNTANTS: Moore
30 Gay Street
Bath
BA1 2PA

A. Stockall And Son Limited (Registered number: 00360637)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 650 165
Investments 5 100,133 108,796
Investment property 6 970,000 970,000
1,070,783 1,078,961

CURRENT ASSETS
Debtors 7 3,550 2,215
Cash at bank 13,259 4,590
16,809 6,805
CREDITORS
Amounts falling due within one year 8 4,095 5,650
NET CURRENT ASSETS 12,714 1,155
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,083,497

1,080,116

PROVISIONS FOR LIABILITIES 9 121,809 121,500
NET ASSETS 961,688 958,616

CAPITAL AND RESERVES
Called up share capital 10 2,975 2,975
Fair value reserve 171,112 183,574
Retained earnings 787,601 772,067
SHAREHOLDERS' FUNDS 961,688 958,616

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 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.

A. Stockall And Son Limited (Registered number: 00360637)

Balance Sheet - continued
31 March 2024


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 29 October 2024 and were signed by:





Mr H J Stockall - Director


A. Stockall And Son Limited (Registered number: 00360637)

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

1. STATUTORY INFORMATION

A. Stockall And Son 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.
Plant and machinery - 25% on reducing balance

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is stated at its fair value at the reporting date. Gains or losses arising from changes in the fair value of investment property are included in fair value reserve for the period in which they arise.

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.

A. Stockall And Son Limited (Registered number: 00360637)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023 8,465
Additions 702
At 31 March 2024 9,167
DEPRECIATION
At 1 April 2023 8,300
Charge for year 217
At 31 March 2024 8,517
NET BOOK VALUE
At 31 March 2024 650
At 31 March 2023 165

A. Stockall And Son Limited (Registered number: 00360637)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 108,796
Additions 3,853
Disposals (15,000 )
Revaluations 2,484
At 31 March 2024 100,133
NET BOOK VALUE
At 31 March 2024 100,133
At 31 March 2023 108,796

The investments listed above are shares in unit trusts.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 970,000
NET BOOK VALUE
At 31 March 2024 970,000
At 31 March 2023 970,000

The investment properties are measured at a market value determined as at the date of their last valuation. This was carried out in March 2021 by Savill's Estate Agents on an open market basis and also by the company.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 1989 150,000
Valuation in 1996 10,000
Valuation in 2021 685,038
Cost 124,962
970,000

A. Stockall And Son Limited (Registered number: 00360637)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 250 250
Prepayments and accrued income 3,300 1,965
3,550 2,215

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 1,945 -
Directors' current accounts - 3,500
Accruals and deferred income 2,150 2,150
4,095 5,650

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 121,809 121,500

Deferred
tax
£   
Balance at 1 April 2023 121,500
Provided during year 309
Balance at 31 March 2024 121,809

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,925 Ordinary 1 1,925 1,925
1,050 5% Non-cumulative preference 1 1,050 1,050
2,975 2,975

11. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr H Stockall who was a director throughout the year and the previous year.