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REGISTERED NUMBER: 03717660 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Stroudwater Redevelopment Partnership
Limited

Stroudwater Redevelopment Partnership
Limited (Registered number: 03717660)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stroudwater Redevelopment Partnership
Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: R J Tanner





SECRETARY: Mrs A L Tanner





REGISTERED OFFICE: 122 Winchcombe Street
Cheltenham
GL52 2NW





REGISTERED NUMBER: 03717660 (England and Wales)





ACCOUNTANTS: Crossley and Co.
122 Winchcombe Street
Cheltenham
Gloucestershire
GL52 2NW

Stroudwater Redevelopment Partnership
Limited (Registered number: 03717660)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,459 77,157
Investments 5 662,642 662,642
Investment property 6 1,177,000 1,177,000
1,912,101 1,916,799

CURRENT ASSETS
Stocks 7 88,869 -
Debtors 8 1,575,550 1,508,951
Cash at bank 37,624 357,560
1,702,043 1,866,511
CREDITORS
Amounts falling due within one year 9 668,057 768,147
NET CURRENT ASSETS 1,033,986 1,098,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,946,087

3,015,163

PROVISIONS FOR LIABILITIES 10 271,130 271,130
NET ASSETS 2,674,957 2,744,033

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 11 2,674,955 2,744,031
SHAREHOLDERS' FUNDS 2,674,957 2,744,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Stroudwater Redevelopment Partnership
Limited (Registered number: 03717660)

Balance Sheet - continued
29 February 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 26 November 2024 and were signed by:





R J Tanner - Director


Stroudwater Redevelopment Partnership
Limited (Registered number: 03717660)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Stroudwater Redevelopment Partnership 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
Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Stroudwater Redevelopment Partnership
Limited (Registered number: 03717660)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 398 of the Companies Act 2006 not to prepare group accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023 187,744 19,633 7,329 214,706
Additions - - 9,900 9,900
At 29 February 2024 187,744 19,633 17,229 224,606
DEPRECIATION
At 1 March 2023 116,084 19,633 1,832 137,549
Charge for year 10,749 - 3,849 14,598
At 29 February 2024 126,833 19,633 5,681 152,147
NET BOOK VALUE
At 29 February 2024 60,911 - 11,548 72,459
At 28 February 2023 71,660 - 5,497 77,157

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023
and 29 February 2024 662,642
NET BOOK VALUE
At 29 February 2024 662,642
At 28 February 2023 662,642

Stroudwater Redevelopment Partnership
Limited (Registered number: 03717660)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 1,177,000
NET BOOK VALUE
At 29 February 2024 1,177,000
At 28 February 2023 1,177,000

7. STOCKS
29.2.24 28.2.23
£    £   
Work-in-progress 88,869 -

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 52,802 49,048
Related company loans 1,467,459 1,381,030
Other loans 50,000 50,000
VAT 5,289 28,873
1,575,550 1,508,951

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 16,325 42,053
Social security and other taxes - 44
Related company creditors 508,930 634,288
Directors' current accounts 51,176 136
Accrued expenses 91,626 91,626
668,057 768,147

10. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 271,130 271,130

Deferred
tax
£   
Balance at 1 March 2023 271,130
Property valuation
Balance at 29 February 2024 271,130

Stroudwater Redevelopment Partnership
Limited (Registered number: 03717660)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

11. RESERVES
Retained
earnings
£   

At 1 March 2023 2,744,031
Deficit for the year (69,076 )
At 29 February 2024 2,674,955

12. RELATED PARTY DISCLOSURES

The company has loans to the value of £1,467,459 outstanding from related companies and owes £508,930

13. ULTIMATE CONTROLLING PARTY

Ultimate control vests with the director by virtue of his majority shareholding.