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REGISTERED NUMBER: 01170645 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Stuart & Verity Limited

Stuart & Verity Limited (Registered number: 01170645)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stuart & Verity Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr I N S Ross-Roberts
Mrs J E Ross-Roberts





SECRETARY: Mrs J E Ross-Roberts





REGISTERED OFFICE: St. George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH





REGISTERED NUMBER: 01170645 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

Stuart & Verity Limited (Registered number: 01170645)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - -
Investment property 6 400,000 400,000
400,000 400,000

CURRENT ASSETS
Cash at bank 10,795 12,720

CREDITORS
Amounts falling due within one year 7 163,920 168,760
NET CURRENT LIABILITIES (153,125 ) (156,040 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

246,875

243,960

PROVISIONS FOR LIABILITIES 15,254 15,254
NET ASSETS 231,621 228,706

CAPITAL AND RESERVES
Called up share capital 3,600 3,600
Share premium 9,480 9,480
Revaluation reserve 127,179 127,179
Retained earnings 91,362 88,447
SHAREHOLDERS' FUNDS 231,621 228,706

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

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

Stuart & Verity Limited (Registered number: 01170645)

Balance Sheet - continued
31 May 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 Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





Mrs J E Ross-Roberts - Director


Stuart & Verity Limited (Registered number: 01170645)

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

1. STATUTORY INFORMATION

Stuart & Verity 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rent receivable.

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 etc - 33% on reducing balance

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Stuart & Verity Limited (Registered number: 01170645)

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

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 777
DEPRECIATION
At 1 June 2023
and 31 May 2024 777
NET BOOK VALUE
At 31 May 2024 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 400,000
NET BOOK VALUE
At 31 May 2024 400,000
At 31 May 2023 400,000

Investment property was valued on an open market basis by the director's at the Balance Sheet date.

If investment property had not been revalued it would have been included at the historical cost of £270,813 (2023: £270,813).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 960 -
Other creditors 162,960 168,760
163,920 168,760

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed Mr & Mrs Ross-Roberts, the directors, £155,881 (2023: £162,041) in respect of their current account.