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REGISTERED NUMBER: 08480277 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

STROUD PARK LIMITED

STROUD PARK LIMITED (REGISTERED NUMBER: 08480277)

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


STROUD PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M W Stroud





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 08480277 (England and Wales)





ACCOUNTANTS: Martin and Company
Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH

STROUD PARK LIMITED (REGISTERED NUMBER: 08480277)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 7,453,446 7,453,446

CURRENT ASSETS
Debtors 5 54,217 76,256
Cash at bank 198,174 113,018
252,391 189,274
CREDITORS
Amounts falling due within one year 6 268,137 225,117
NET CURRENT LIABILITIES (15,746 ) (35,843 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,437,700

7,417,603

CREDITORS
Amounts falling due after more than one
year

7

(3,452,298

)

(3,595,738

)

PROVISIONS FOR LIABILITIES (408,267 ) (353,299 )
NET ASSETS 3,577,135 3,468,566

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 1,578,099 1,633,066
Retained earnings 1,998,936 1,835,400
SHAREHOLDERS' FUNDS 3,577,135 3,468,566

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.

STROUD PARK LIMITED (REGISTERED NUMBER: 08480277)

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 5 November 2024 and were signed by:





M W Stroud - Director


STROUD PARK LIMITED (REGISTERED NUMBER: 08480277)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Stroud Park 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 represents rents and service charges receivable during the period.

Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 7,453,446
NET BOOK VALUE
At 31 March 2024 7,453,446
At 31 March 2023 7,453,446

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2014 4,798,000
Valuation in 2015 316,781
Valuation in 2016 263,372
Valuation in 2017 26,031
Valuation in 2018 795,816
Valuation in 2019 60,100
Valuation in 2020 1,546
Valuation in 2023 1,191,800
7,453,446

The property was revalued on 10th February 2023 by a third party, Howkins and Harrison. This market value is expected to have remained unchanged, having since risen by investment property additions only.

STROUD PARK LIMITED (REGISTERED NUMBER: 08480277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 54,217 76,256

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 96,000 96,000
Taxation and social security 70,036 51,816
Other creditors 102,101 77,301
268,137 225,117

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 498,696 578,136
Other creditors 2,953,602 3,017,602
3,452,298 3,595,738

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 114,696 194,136

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 594,696 674,136

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023 1,633,066
Deferred tax adjustment (54,967 )

At 31 March 2024 1,578,099

STROUD PARK LIMITED (REGISTERED NUMBER: 08480277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed a total of £2,953,864 (2023: £3,017,864) to the director. No interest is charged on this balance.