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REGISTERED NUMBER: 11881373 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

STOVELL PROPERTY LIMITED

STOVELL PROPERTY LIMITED (REGISTERED NUMBER: 11881373)

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


STOVELL PROPERTY LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: E M Stovell





REGISTERED OFFICE: Pemberley
Rickson's Lane
West Horsley
United Kingdom
KT24 6HU





REGISTERED NUMBER: 11881373 (England and Wales)





ACCOUNTANTS: Russell & Co
Station House
Station Approach
East Horsley
Leatherhead
Surrey
KT24 6QX

STOVELL PROPERTY LIMITED (REGISTERED NUMBER: 11881373)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,406 2,000

CURRENT ASSETS
Debtors 5 25,127 16,232
Cash at bank 90 6,112
25,217 22,344
CREDITORS
Amounts falling due within one year 6 24,892 22,485
NET CURRENT ASSETS/(LIABILITIES) 325 (141 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,731

1,859

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,721 1,849
SHAREHOLDERS' FUNDS 1,731 1,859

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 28 November 2024 and were signed by:




E M Stovell - Director


STOVELL PROPERTY LIMITED (REGISTERED NUMBER: 11881373)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Stovell Property 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.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

STOVELL PROPERTY LIMITED (REGISTERED NUMBER: 11881373)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 2,750
DEPRECIATION
At 1 April 2023 750
Charge for year 594
At 31 March 2024 1,344
NET BOOK VALUE
At 31 March 2024 1,406
At 31 March 2023 2,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - (360 )
Other debtors 25,127 16,592
25,127 16,232

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,500 188
Taxation and social security 9,492 8,397
Other creditors 13,900 13,900
24,892 22,485