Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 NI643590 Mr James Patterson Mr Jeremy Hinds iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI643590 2023-02-28 NI643590 2024-02-28 NI643590 2023-03-01 2024-02-28 NI643590 frs-core:CurrentFinancialInstruments 2024-02-28 NI643590 frs-core:ShareCapital 2024-02-28 NI643590 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 NI643590 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 NI643590 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 NI643590 frs-bus:SmallEntities 2023-03-01 2024-02-28 NI643590 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 NI643590 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 NI643590 frs-core:UnlistedNon-exchangeTraded 2024-02-28 NI643590 frs-core:UnlistedNon-exchangeTraded 2023-02-28 NI643590 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-02-28 NI643590 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-02-28 NI643590 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-02-28 NI643590 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-02-28 NI643590 frs-bus:Director1 2023-03-01 2024-02-28 NI643590 frs-bus:Director2 2023-03-01 2024-02-28 NI643590 frs-countries:NorthernIreland 2023-03-01 2024-02-28 NI643590 2022-02-28 NI643590 2023-02-28 NI643590 2022-03-01 2023-02-28 NI643590 frs-core:CurrentFinancialInstruments 2023-02-28 NI643590 frs-core:ShareCapital 2023-02-28 NI643590 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: NI643590
Stonegate Land & Property 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: NI643590
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 100 100
100 100
CURRENT ASSETS
Debtors 5 7,802,568 7,800,263
Investments 6 1,489,448 1,489,448
Cash at bank and in hand 7,179 9,503
9,299,195 9,299,214
Creditors: Amounts Falling Due Within One Year 7 (8,766,921 ) (8,766,921 )
NET CURRENT ASSETS (LIABILITIES) 532,274 532,293
TOTAL ASSETS LESS CURRENT LIABILITIES 532,374 532,393
NET ASSETS 532,374 532,393
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 532,372 532,391
SHAREHOLDERS' FUNDS 532,374 532,393
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
18/10/2024
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 Land & Property Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI643590 . 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.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except whenit related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investments
Unlisted
£
Cost
As at 1 March 2023 100
As at 28 February 2024 100
Provision
As at 1 March 2023 -
As at 28 February 2024 -
Net Book Value
As at 28 February 2024 100
As at 1 March 2023 100
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5. Debtors
2024 2023
£ £
Due within one year
VAT - 5,000
Amounts owed by subsidiaries 7,452,568 7,445,263
Amounts owed by associates 350,000 350,000
7,802,568 7,800,263
6. Current Asset Investments
2024 2023
£ £
Unlisted investments 1,489,448 1,489,448
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Directors' loan accounts 2,141,800 2,141,800
Amounts owed to subsidiaries 674,761 674,761
Amounts owed to associates 5,950,360 5,950,360
8,766,921 8,766,921
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
At the year end the company was owed £7,452,568 by its wholly owned subsidiary, Cultrastone Developments Limited (2023:£7,445,263)
It also;
  • Owed the shareholders £2,141,800.
  • Owed companies related to the shareholders £5,950,360
  • A company wholly owned by its subsidiary £674,761.
  • Was owed £350,000 by a company related to the shareholders
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