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Registered number: 12736468
Stuburt Investments Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Deans
Gibson House Hurricane Court
Hurricane Close
Stafford
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 12736468
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 1,627,564 1,232,478
1,627,564 1,232,478
CURRENT ASSETS
Debtors 6 347,921 341,232
Cash at bank and in hand 3,601 1,799
351,522 343,031
Creditors: Amounts Falling Due Within One Year 7 (1,355,201 ) (1,234,644 )
NET CURRENT ASSETS (LIABILITIES) (1,003,679 ) (891,613 )
TOTAL ASSETS LESS CURRENT LIABILITIES 623,885 340,865
Creditors: Amounts Falling Due After More Than One Year 8 (554,420 ) (327,445 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,854 ) -
NET ASSETS 63,611 13,420
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 24,958 -
Profit and Loss Account 38,553 13,320
SHAREHOLDERS' FUNDS 63,611 13,420
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 W S Drury
Director
24 January 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Stuburt Investments Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of 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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.  The policies adopted for the recognition of turnover are as follows:
Rental income
Rental income from operating leases (net of any incentives given to the lessees) ia recognised on a straight-line basis over the lease term.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation.  Cost includes costs directly attributeable to making the asset capable of operating as intended.  Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Computer Equipment Straight line over 3 years
2.4. Investment Properties
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.
2.5. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.6. 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 aare 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.
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Page 4
2.7.
Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
2.8.
Loans and borrowings
Loans and borrowings sre initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost or Valuation
As at 1 August 2023 135
As at 31 July 2024 135
Depreciation
As at 1 August 2023 135
As at 31 July 2024 135
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
5. Investment Property
2024
£
Fair Value
As at 1 August 2023 1,232,478
Additions 364,274
Revaluations 30,812
As at 31 July 2024 1,627,564
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 1,596,751 1,232,478
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 47,921 41,232
Other debtors 300,000 300,000
347,921 341,232
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,200 -
Corporation tax 5,919 1,706
Accruals and deferred income 2,742 2,609
Director's loan account 1,345,340 1,230,329
1,355,201 1,234,644
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 554,420 327,445
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 554,420 327,445
9. Secured Creditors
Secured Debts
The following secured debts are included within creditors
2024 2023
£ £
Bank loans and overdrafts 554,420 327,445
10. Share Capital
2024 2023
Allotted, called up and fully paid £ £
75 Ordinary A shares of £ 1.00 each 75 75
25 Ordinary B shares of £ 1.00 each 25 25
100 100
Page 5
Page 6
11. Reserves
Revaluation Reserve
£
Surplus on revaluation 30,812
Deferred tax movement in relation to revaluations (5,854 )
As at 31 July 2024 24,958
Page 6