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REGISTERED NUMBER: 11232178 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

STOWHILL DEVELOPMENTS LIMITED

STOWHILL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11232178)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STOWHILL DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Z Baheri





REGISTERED OFFICE: The Pinnacle
Midsummer Boulevard
Milton Keynes
MK9 1BP





REGISTERED NUMBER: 11232178 (England and Wales)





ACCOUNTANTS: Panton Accountancy Services Limited
The Pinnacle
170 Midsummer Boulevard
Milton Keynes
Buckinghamshire
MK9 1BP

STOWHILL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11232178)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 550,000 550,000

CREDITORS
Amounts falling due within one year 5 343,483 322,299
NET CURRENT LIABILITIES (343,483 ) (322,299 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,517

227,701

CREDITORS
Amounts falling due after more than one
year

6

140,000

140,000
NET ASSETS 66,517 87,701

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 230,000 230,000
Retained earnings (163,583 ) (142,399 )
66,517 87,701

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 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.

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 27 November 2024 and were signed by:




Z Baheri - Director


STOWHILL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11232178)

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


1. STATUTORY INFORMATION

Stowhill Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

3. EMPLOYEES AND DIRECTORS

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

STOWHILL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11232178)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 550,000
NET BOOK VALUE
At 31 March 2024 550,000
At 31 March 2023 550,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2019 230,000

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
INVESTMENT PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 550,000
550,000

CLIENT SCREEN TOTAL = -


If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 320,000 320,000

Investment property was valued on an open market basis basis on 31 March 2020 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1,500 -
Taxation and social security 1,010 1,011
Other creditors 340,973 321,288
343,483 322,299

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 140,000 140,000

STOWHILL DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11232178)

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


7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 140,000 140,000

The loan is secured by way of a floating charge over the property in the company.

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 230,000

9. ULTIMATE CONTROLLING PARTY

The controlling party is Z Baheri.