IRIS Accounts Production v24.3.0.553 01701881 Board of Directors 1.4.23 31.3.24 31.3.24 true false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh017018812023-03-31017018812024-03-31017018812023-04-012024-03-31017018812022-03-31017018812022-04-012023-03-31017018812023-03-3101701881ns15:EnglandWales2023-04-012024-03-3101701881ns14:PoundSterling2023-04-012024-03-3101701881ns10:Director12023-04-012024-03-3101701881ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101701881ns10:SmallEntities2023-04-012024-03-3101701881ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3101701881ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101701881ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101701881ns10:FullAccounts2023-04-012024-03-3101701881ns10:OrdinaryShareClass12023-04-012024-03-3101701881ns10:Director22023-04-012024-03-3101701881ns10:Director32023-04-012024-03-3101701881ns10:CompanySecretary12023-04-012024-03-3101701881ns10:RegisteredOffice2023-04-012024-03-3101701881ns5:CurrentFinancialInstruments2024-03-3101701881ns5:CurrentFinancialInstruments2023-03-3101701881ns5:ShareCapital2024-03-3101701881ns5:ShareCapital2023-03-3101701881ns5:RevaluationReserve2024-03-3101701881ns5:RevaluationReserve2023-03-3101701881ns5:RetainedEarningsAccumulatedLosses2024-03-3101701881ns5:RetainedEarningsAccumulatedLosses2023-03-3101701881ns5:PlantMachinery2023-04-012024-03-3101701881ns5:LandBuildings2023-03-3101701881ns5:PlantMachinery2023-03-3101701881ns5:LandBuildings2023-04-012024-03-3101701881ns5:LandBuildings2024-03-3101701881ns5:PlantMachinery2024-03-3101701881ns5:LandBuildings2023-03-3101701881ns5:PlantMachinery2023-03-3101701881ns5:CostValuation2023-03-3101701881ns5:AdditionsToInvestments2024-03-3101701881ns5:DisposalsRepaymentsInvestments2024-03-3101701881ns5:RevaluationsIncreaseDecreaseInInvestments2024-03-3101701881ns5:TransfersBetweenInvestmentClassesIncreaseDecreaseInInvestments2024-03-3101701881ns5:CostValuation2024-03-3101701881ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3101701881ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3101701881ns10:OrdinaryShareClass12024-03-3101701881ns5:RetainedEarningsAccumulatedLosses2023-03-3101701881ns5:RevaluationReserve2023-03-3101701881ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 01701881 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

STONYDELPH LIMITED

STONYDELPH LIMITED (REGISTERED NUMBER: 01701881)






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


STONYDELPH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D J Sketchley
J W Sketchley
P D Sketchley





SECRETARY: P D Sketchley





REGISTERED OFFICE: The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 01701881 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

STONYDELPH LIMITED (REGISTERED NUMBER: 01701881)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,332,194 13,499,769
Investments 5 5,852,402 5,553,582
Investment property 6 3,519,895 3,519,895
22,704,491 22,573,246

CURRENT ASSETS
Stocks 726,724 678,912
Debtors 7 461,794 661,875
Cash at bank 235,016 323,090
1,423,534 1,663,877
CREDITORS
Amounts falling due within one year 8 2,316,353 2,058,510
NET CURRENT LIABILITIES (892,819 ) (394,633 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,811,672

22,178,613

PROVISIONS FOR LIABILITIES 110,000 40,000
NET ASSETS 21,701,672 22,138,613

CAPITAL AND RESERVES
Called up share capital 9 400 400
Revaluation reserve 10 1,288,631 1,288,631
Retained earnings 10 20,412,641 20,849,582
SHAREHOLDERS' FUNDS 21,701,672 22,138,613

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.

STONYDELPH LIMITED (REGISTERED NUMBER: 01701881)

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 Profit and Loss Account has not been delivered.

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:





P D Sketchley - Director


STONYDELPH LIMITED (REGISTERED NUMBER: 01701881)

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

1. STATUTORY INFORMATION

Stonydelph 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.

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

Preparation of consolidated financial statements
The financial statements contain information about Stonydelph 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.

Turnover
Turnover represents rental, farming and other income recognisable during the period, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tractor, plant & machinery - 20% reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Stocks
Stock is valued at the lower of cost and net realisable value.


Fixed asset investments
Investments are included at fair value. Listed investments are valued at their market value at the balance sheet date and any changes in their fair value between the previous year end or acquisition, as applicable are recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


STONYDELPH LIMITED (REGISTERED NUMBER: 01701881)

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

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Tractor,
Freehold plant &
property machinery Totals
£    £    £   
COST
At 1 April 2023 12,020,814 2,293,247 14,314,061
Additions 1,575 263,541 265,116
Disposals - (246,000 ) (246,000 )
At 31 March 2024 12,022,389 2,310,788 14,333,177
DEPRECIATION
At 1 April 2023 - 814,292 814,292
Charge for year - 315,517 315,517
Eliminated on disposal - (128,826 ) (128,826 )
At 31 March 2024 - 1,000,983 1,000,983
NET BOOK VALUE
At 31 March 2024 12,022,389 1,309,805 13,332,194
At 31 March 2023 12,020,814 1,478,955 13,499,769

STONYDELPH LIMITED (REGISTERED NUMBER: 01701881)

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

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 4,430,120 1,123,462 5,553,582
Additions - 1,543,399 1,543,399
Disposals - (1,329,435 ) (1,329,435 )
Revaluations - 40,937 40,937
Dividends received - 44,563 44,563
Reclassification/transfer - (644 ) (644 )
At 31 March 2024 4,430,120 1,422,282 5,852,402
NET BOOK VALUE
At 31 March 2024 4,430,120 1,422,282 5,852,402
At 31 March 2023 4,430,120 1,123,462 5,553,582


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 3,519,895
NET BOOK VALUE
At 31 March 2024 3,519,895
At 31 March 2023 3,519,895


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 42,033 137,566
Other debtors 419,761 524,309
461,794 661,875

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 30,103
Other creditors 2,316,353 2,028,407
2,316,353 2,058,510

STONYDELPH LIMITED (REGISTERED NUMBER: 01701881)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
400 Ordinary £1 400 400

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 20,849,582 1,288,631 22,138,213
Deficit for the year (436,941 ) (436,941 )
At 31 March 2024 20,412,641 1,288,631 21,701,272

11. RELATED PARTY DISCLOSURES

Other related parties;

Amounts due to related parties at the balance sheet date was £2,157,811 (2023 - £1,911,493)

Amounts due from related parties at the balance sheet date was £366,928 (2023 - £483,049)