Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 NI653065 Mr James Patterson Mr Gordon Patterson Mr Jeremy Hinds iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI653065 2023-02-28 NI653065 2024-02-28 NI653065 2023-03-01 2024-02-28 NI653065 frs-core:CurrentFinancialInstruments 2024-02-28 NI653065 frs-core:ShareCapital 2024-02-28 NI653065 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 NI653065 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 NI653065 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 NI653065 frs-bus:SmallEntities 2023-03-01 2024-02-28 NI653065 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 NI653065 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 NI653065 frs-bus:Director1 2023-03-01 2024-02-28 NI653065 frs-bus:Director2 2023-03-01 2024-02-28 NI653065 frs-bus:Director3 2023-03-01 2024-02-28 NI653065 frs-core:CurrentFinancialInstruments 1 2024-02-28 NI653065 frs-countries:NorthernIreland 2023-03-01 2024-02-28 NI653065 2022-02-28 NI653065 2023-02-28 NI653065 2022-03-01 2023-02-28 NI653065 frs-core:CurrentFinancialInstruments 2023-02-28 NI653065 frs-core:ShareCapital 2023-02-28 NI653065 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 NI653065 frs-core:CurrentFinancialInstruments 1 2023-02-28
Registered number: NI653065
Stonegate Homes (Enfield) Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
RWCA LTD
158 Upper Newtownards Road
Belfast
Co Antrim
BT4 3EQ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: NI653065
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 10,131,778 9,460,316
Debtors 5 100,396 97,396
Cash at bank and in hand 2,222 5,679
10,234,396 9,563,391
Creditors: Amounts Falling Due Within One Year 6 (10,356,563 ) (9,685,291 )
NET CURRENT ASSETS (LIABILITIES) (122,167 ) (121,900 )
TOTAL ASSETS LESS CURRENT LIABILITIES (122,167 ) (121,900 )
NET LIABILITIES (122,167 ) (121,900 )
CAPITAL AND RESERVES
Called up share capital 7 110 110
Profit and Loss Account (122,277 ) (122,010 )
SHAREHOLDERS' FUNDS (122,167) (121,900)
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Patterson
Director
17/10/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Stonegate Homes (Enfield) Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI653065 . The registered office is 25b Seafront Road, Holywood, Down, BT18 0BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
Whilst the balance sheet at the year end was overdrawn by £122,167 (2023:£121,900), shareholders and related companies were owed £4,275,000 and will not demand repayment until circumstances allow.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Stocks
2024 2023
£ £
Stock 10,131,778 9,460,316
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 100,396 97,396
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Other creditors 4,275,000 3,785,000
Loans 6,081,563 5,900,290
10,356,563 9,685,291
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 110 110
8. Related Party Transactions
At the year end the holders of the Ordinary A shares were owed £3,600,000. (2023 - £3,600,000)
Companies related to the shareholders;
  • Owed the company £100,396
  • Were owed £615,000 by the company
Page 2