Company registration number 10455840 (England and Wales)
Stone Group Investments Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 28 February 2024
PAGES FOR FILING WITH REGISTRAR
Stone Group Investments Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
Stone Group Investments Limited
Statement of financial position
as at 28 February 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
1,671,074
1,671,074
Current assets
-
-
Creditors: amounts falling due within one year
5
(540,631)
(542,691)
Net current liabilities
(540,631)
(542,691)
Net assets
1,130,443
1,128,383
Capital and reserves
Called up share capital
21,074
21,074
Profit and loss reserves
1,109,369
1,107,309
Total equity
1,130,443
1,128,383
For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 28 November 2024 and are signed on its behalf by:
Mr A J Ross
Director
Company registration number 10455840 (England and Wales)
Stone Group Investments Limited
Notes to the financial statements
for the year ended 28 February 2024
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
3
Stone Group Investments Limited
Notes to the financial statements (continued)
for the year ended 28 February 2024
- 3 -
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
1,671,074
1,671,074
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 March 2023 & 28 February 2024
1,671,074
Carrying amount
At 28 February 2024
1,671,074
At 28 February 2023
1,671,074
4
Subsidiaries
The company holds 100% of the ordinary share capital of the following company's incorporated in England and Wales:
Name of undertaking
Registered
Nature of business
Class of
% Held
office
shares held
Direct
Indirect
Makesense Properties Limited
England & Wales
Property company
£1 Ordinary
100.00
Stone Group Investments UK Limited
England & Wales
Investment company
£1 Ordinary
100.00
Stone Investments Leeds Limited
England & Wales
Investment company
£1 Ordinary
100.00
Stone Investments Yorkshire Limited
England & Wales
Investment company
£1 Ordinary
100.00
Great Clothes Limited
England & Wales
Retail of clothing
£1 Ordinary
100.00
5
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
538,252
540,312
Other creditors
2,379
2,379
540,631
542,691
Stone Group Investments Limited
Notes to the financial statements (continued)
for the year ended 28 February 2024
- 4 -
6
Directors' transactions
Dividends totalling £84,434 (2023 - £63,000) were paid in the year in respect of shares held by the company's directors.
7
Controlling party
The directors are considered to be the ultimate controlling party.
8
Company information
Stone Group Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 82 York Road, Leeds, West Yorkshire, England, LS9 9AA.