Stonebridge Barn Property Limited 13882083 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is that of letting and operating of own real estate. Digita Accounts Production Advanced 6.30.9574.0 true true 13882083 2023-02-01 2024-01-31 13882083 2024-01-31 13882083 bus:Director1 1 2024-01-31 13882083 core:CurrentFinancialInstruments 2024-01-31 13882083 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 13882083 bus:SmallEntities 2023-02-01 2024-01-31 13882083 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 13882083 bus:FilletedAccounts 2023-02-01 2024-01-31 13882083 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13882083 bus:RegisteredOffice 2023-02-01 2024-01-31 13882083 bus:Director1 2023-02-01 2024-01-31 13882083 bus:Director1 1 2023-02-01 2024-01-31 13882083 bus:Director2 2023-02-01 2024-01-31 13882083 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13882083 core:OtherRelatedParties 2023-02-01 2024-01-31 13882083 countries:EnglandWales 2023-02-01 2024-01-31 13882083 2023-01-31 13882083 bus:Director1 1 2023-01-31 13882083 2022-01-31 2023-01-31 13882083 2023-01-31 13882083 bus:Director1 1 2023-01-31 13882083 core:CurrentFinancialInstruments 2023-01-31 13882083 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 13882083 bus:Director1 1 2022-01-31 2023-01-31 13882083 bus:Director1 1 2022-01-30 iso4217:GBP xbrli:pure

Registration number: 13882083

Stonebridge Barn Property Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

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Stonebridge Barn Property Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Stonebridge Barn Property Limited

Company Information

Directors

Mrs KA Blunt

Mr MDJ Blunt

Registered office

22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

Accountants

Michael J Emery & Co Limited
Chartered Accountants
22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ

 

Stonebridge Barn Property Limited

(Registration number: 13882083)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

212,168

212,168

Current assets

 

Debtors

5

100

100

Cash at bank and in hand

 

4,140

7,799

 

4,240

7,899

Creditors: Amounts falling due within one year

6

(212,961)

(214,163)

Net current liabilities

 

(208,721)

(206,264)

Net assets

 

3,447

5,904

Capital and reserves

 

Called up share capital

100

100

Retained earnings

3,347

5,804

Shareholders' funds

 

3,447

5,904

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 October 2024 and signed on its behalf by:
 

.........................................
Mrs KA Blunt
Director

 

Stonebridge Barn Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
22 St John Street
Newport Pagnell
Buckinghamshire
MK16 8HJ
England

These financial statements were authorised for issue by the Board on 30 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Stonebridge Barn Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year, including directors, was 2 (2023 - 2).

 

Stonebridge Barn Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Investment properties

2024
£

At 1 February

212,168

At 31 January

212,168

There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

2024
£

2023
£

Other debtors

100

100

 

100

100

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Intercompany

7

212,301

212,301

Taxation and social security

 

-

1,362

Accruals and deferred income

 

660

500

 

212,961

214,163

7

Related party transactions

Transactions with directors

2024

At 1 February 2023
£

At 31 January 2024
£

Mrs KA Blunt

100

100

 

Stonebridge Barn Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

2023

At 31 January 2022
£

Advances to director
£

At 31 January 2023
£

Mrs KA Blunt

-

100

100

Summary of transactions with other related parties

Tula Holdings Limited
A company under common control

At the balance sheet date, the amount owing to Tula Holdings Limited is £212,301.