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REGISTERED NUMBER: 03541793 (England and Wales)
















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Stansted Estates Limited

Stansted Estates Limited (Registered number: 03541793)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Stansted Estates Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: D J McGowan





SECRETARY: Mrs J E McGowan





REGISTERED OFFICE: Mascallsbury Farm
White Roding
Dunmow
Essex
CM6 1RN





REGISTERED NUMBER: 03541793 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Stansted Estates Limited (Registered number: 03541793)

Abridged Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,850,000 2,650,000

CURRENT ASSETS
Debtors 228,683 138,199
Cash at bank 494,799 464,559
723,482 602,758
CREDITORS
Amounts falling due within one year 102,887 54,154
NET CURRENT ASSETS 620,595 548,604
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,470,595

3,198,604

PROVISIONS FOR LIABILITIES 150,088 100,088
NET ASSETS 3,320,507 3,098,516

CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Non-distributable reserves 6 1,127,735 977,735
Retained earnings 2,191,772 2,119,781
SHAREHOLDERS' FUNDS 3,320,507 3,098,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Stansted Estates Limited (Registered number: 03541793)

Abridged Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 January 2025 and were signed by:





D J McGowan - Director


Stansted Estates Limited (Registered number: 03541793)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Stansted Estates 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rental and insurance income, excluding value added tax where charged.

Tangible fixed assets
The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 1A. The director considers that, as these properties are not held for consumption, but for their investment potential, to depreciate them would not give a true and fair view, and that it is necessary to adopt the investment policy under FRS 102 1A in order to give a true and fair view as follows:

Properties are initially recognised at cost, and subsequently revalued to fair value at each reporting date through the income statement

If this departure from the Act had not been made, the profit for the financial year would have been decreased by depreciation. However, the amount of depreciation cannot be reasonably quantified because depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Stansted Estates Limited (Registered number: 03541793)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 May 2023 2,650,000
Revaluations 200,000
At 30 April 2024 2,850,000
NET BOOK VALUE
At 30 April 2024 2,850,000
At 30 April 2023 2,650,000

Cost or valuation at 30 April 2024 is represented by:

Totals
£   
Valuation in 2000 188,518
Valuation in 2001 (500 )
Valuation in 2002 200,000
Valuation in 2003 50,000
Valuation in 2005 50,000
Valuation in 2021 589,805
Valuation in 2024 200,000
Cost 1,572,177
2,850,000

If freehold investment properties had not been revalued they would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 1,572,177 1,572,177

Freehold investment properties were valued on an open market basis on 30 April 2024 by the directors .

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1,000 Ordinary share capital £1 1,000 1,000

Stansted Estates Limited (Registered number: 03541793)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. RESERVES
Non-distribut
reserves
£   
At 1 May 2023 977,735
Revaluation 150,000

At 30 April 2024 1,127,735

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
D J McGowan
Balance outstanding at start of year (1,841 ) 48,159
Amounts advanced 100,000 -
Amounts repaid - (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 98,159 (1,841 )

During the year the company loaned funds to the Director which were repaid within 9 months of the year end.