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Registered number: NI652770
Stonegate Homes (Chalfont Park) 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—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI652770
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 1 1
1 1
CURRENT ASSETS
Debtors 5 6,982,783 6,982,783
Cash at bank and in hand 1,988 2,065
6,984,771 6,984,848
Creditors: Amounts Falling Due Within One Year 6 (5,106,778 ) (5,106,778 )
NET CURRENT ASSETS (LIABILITIES) 1,877,993 1,878,070
TOTAL ASSETS LESS CURRENT LIABILITIES 1,877,994 1,878,071
NET ASSETS 1,877,994 1,878,071
CAPITAL AND RESERVES
Called up share capital 7 110 110
Profit and Loss Account 1,877,884 1,877,961
SHAREHOLDERS' FUNDS 1,877,994 1,878,071
Page 1
Page 2
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
22/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Stonegate Homes (Chalfont Park) Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI652770 . 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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 3 3
3 3
4. Investments
Unlisted
£
Cost
As at 1 March 2023 1
As at 28 February 2024 1
Provision
As at 1 March 2023 -
As at 28 February 2024 -
Net Book Value
As at 28 February 2024 1
As at 1 March 2023 1
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,400,000 1,400,000
Amounts owed by subsidiaries 5,582,783 5,582,783
6,982,783 6,982,783
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 368,847 368,847
Other creditors 4,737,931 4,737,931
5,106,778 5,106,778
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 £3,700,000 (2023 - £3,700,000)
At the year end the company was owed £5,582,783 by its wholly owned susidiary, Chalfont Park Propco Limited. (2023 - £5,537,783)
9. Ultimate Controlling Party
The company's ultimate controlling parties are the shareholders  by virtue of their ownership of 100% of the issued share capital in the company.
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