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REGISTERED NUMBER: 05277315 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024

FOR

STONE PLACE MANAGEMENT LIMITED

STONE PLACE MANAGEMENT LIMITED (REGISTERED NUMBER: 05277315)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

STONE PLACE MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024







DIRECTORS: Mr S Moorley
Mr C Goldsbrough
Mrs J Moorley





SECRETARY: Mr S Moorley





REGISTERED OFFICE: The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG





REGISTERED NUMBER: 05277315 (England and Wales)





ACCOUNTANTS: LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG

STONE PLACE MANAGEMENT LIMITED (REGISTERED NUMBER: 05277315)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,249 7,577
Investments 5 1,275,000 1,275,000
1,283,249 1,282,577

CURRENT ASSETS
Debtors 6 266,587 568,062
Cash at bank 69,405 32,958
335,992 601,020
CREDITORS
Amounts falling due within one year 7 210,980 149,791
NET CURRENT ASSETS 125,012 451,229
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,408,261

1,733,806

CREDITORS
Amounts falling due after more than one year 8 (995,780 ) (1,005,418 )

PROVISIONS FOR LIABILITIES (69,451 ) (68,777 )
NET ASSETS 343,030 659,611

CAPITAL AND RESERVES
Called up share capital 4 4
Fair value reserve 9 206,128 206,128
Retained earnings 136,898 453,479
SHAREHOLDERS' FUNDS 343,030 659,611

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

STONE PLACE MANAGEMENT LIMITED (REGISTERED NUMBER: 05277315)

STATEMENT OF FINANCIAL POSITION - 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 Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





Mrs J Moorley - Director


STONE PLACE MANAGEMENT LIMITED (REGISTERED NUMBER: 05277315)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Stone Place Management 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% straight line
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Investment properties
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 2 ) .

STONE PLACE MANAGEMENT LIMITED (REGISTERED NUMBER: 05277315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 8,000 53,047 61,047
Additions - 1,599 1,599
At 31 March 2024 8,000 54,646 62,646
DEPRECIATION
At 1 January 2023 2,533 50,937 53,470
Charge for period 200 727 927
At 31 March 2024 2,733 51,664 54,397
NET BOOK VALUE
At 31 March 2024 5,267 2,982 8,249
At 31 December 2022 5,467 2,110 7,577

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023
and 31 March 2024 1,275,000
NET BOOK VALUE
At 31 March 2024 1,275,000
At 31 December 2022 1,275,000

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2012 90,317
Valuation in 2016 273,000
Valuation in 2017 42,000
Valuation in 2019 15,000
Valuation in 2020 (132,000 )
Cost 986,683
1,275,000

STONE PLACE MANAGEMENT LIMITED (REGISTERED NUMBER: 05277315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024

5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2022
as restated
£    £   
Cost 1,000,163 1,000,163

Fixed asset investments were valued on an open market basis on 31 March 2024 by the directors of the company .

The valuation of the properties at the year end is based on recent sales data for similar properties in the residential area and is not carried out by an independent professionally qualified valuer.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
as restated
£    £   
Amounts owed by group undertakings 45 45
Other debtors 266,542 568,017
266,587 568,062

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
as restated
£    £   
Trade creditors 5,592 1,151
Taxation and social security 21,451 1,053
Other creditors 183,937 147,587
210,980 149,791

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2022
as restated
£    £   
Bank loans 983,985 981,226
Other creditors 11,795 24,192
995,780 1,005,418

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 983,985 981,226

STONE PLACE MANAGEMENT LIMITED (REGISTERED NUMBER: 05277315)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024

9. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 March 2024 206,128

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2024 and the year ended 31 December 2022:

2024 2022
as restated
£    £   
Mr C Goldsbrough
Balance outstanding at start of period 330,381 266,397
Amounts advanced 46,080 73,797
Amounts repaid (376,027 ) (9,813 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 434 330,381

Mrs J Moorley
Balance outstanding at start of period 183,334 135,773
Amounts advanced 84,147 105,507
Amounts repaid (55,647 ) (57,946 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 211,834 183,334

Interest was charged on the overdrawn balances at a rate of 2.25% per annum to end of March 2024 (2% for 2022).

11. ULTIMATE CONTROLLING PARTY

No individual has ultimate control of the company.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
STONE PLACE MANAGEMENT LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stone Place Management Limited for the period ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Stone Place Management Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stone Place Management Limited and state those matters that we have agreed to state to the Board of Directors of Stone Place Management Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Stone Place Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stone Place Management Limited. You consider that Stone Place Management Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Stone Place Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG


26 November 2024