Registered number
05655847
Stadium Residential Limited
Filleted Accounts
31 March 2024
Stadium Residential Limited
Registered number: 05655847
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,882 1
Current assets
Debtors 4 135,958 195,589
Cash at bank and in hand 15,049 53,870
151,007 249,459
Creditors: amounts falling due within one year 5 (165,427) (132,499)
Net current assets/(liabilities) (14,420) 116,960
Total assets less current liabilities (10,538) 116,961
Creditors: amounts falling due after more than one year 6 (18,214) (28,271)
Net assets (28,752) 88,690
Capital and reserves
Called up share capital 100 100
Profit and loss account (28,852) 88,590
Shareholder's funds (28,752) 88,690
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A I Spencer
Director
Approved by the board on 29 November 2024
Stadium Residential Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

Commission earned on sales of residential properties is recognised on exchange of contracts. Income from other services is recognised in the period in which the services are provided.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Furniture, fittings and equipment
£
Cost
At 1 April 2023 110,662
Additions 5,174
At 31 March 2024 115,836
Depreciation
At 1 April 2023 110,661
Charge for the year 1,293
At 31 March 2024 111,954
Net book value
At 31 March 2024 3,882
At 31 March 2023 1
4 Debtors 2024 2023
£ £
Trade debtors 55,618 124,036
Amounts owed by related undertakings 40,989 38,902
Other debtors 39,351 32,651
135,958 195,589
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,056 9,808
Trade creditors 49,139 58,471
Amounts owed to related undertakings 26,992 12
Corporation tax 61,495 44,138
Other taxes and social security costs 10,161 12,834
Other creditors 7,584 7,236
165,427 132,499
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 18,214 28,271
7 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases - 33,180
8 Controlling party
As at the year end, the ultimate controlling party was Stadium Residential Trust Company Limited
9 Other information
Stadium Residential Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Jacobs Well Mews
London
W1U 3DY
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