Silverfin false false 31/07/2024 01/08/2023 31/07/2024 P J Chichester 27/07/2015 J S Grant 20/07/2015 C M D Haynes 27/07/2015 J H C Haynes 27/07/2015 J L Phillips 27/07/2015 J K Whitehead 27/07/2015 29 October 2024 The principal activity of the Company during the financial year was that of the promotion of land with development potential that is owed by unconnected third parties. 09108986 2024-07-31 09108986 bus:Director1 2024-07-31 09108986 bus:Director2 2024-07-31 09108986 bus:Director3 2024-07-31 09108986 bus:Director4 2024-07-31 09108986 bus:Director5 2024-07-31 09108986 bus:Director6 2024-07-31 09108986 2023-07-31 09108986 core:CurrentFinancialInstruments 2024-07-31 09108986 core:CurrentFinancialInstruments 2023-07-31 09108986 core:ShareCapital 2024-07-31 09108986 core:ShareCapital 2023-07-31 09108986 core:SharePremium 2024-07-31 09108986 core:SharePremium 2023-07-31 09108986 core:RetainedEarningsAccumulatedLosses 2024-07-31 09108986 core:RetainedEarningsAccumulatedLosses 2023-07-31 09108986 core:Goodwill 2023-07-31 09108986 core:Goodwill 2024-07-31 09108986 2023-08-01 2024-07-31 09108986 bus:FilletedAccounts 2023-08-01 2024-07-31 09108986 bus:SmallEntities 2023-08-01 2024-07-31 09108986 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 09108986 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 09108986 bus:Director1 2023-08-01 2024-07-31 09108986 bus:Director2 2023-08-01 2024-07-31 09108986 bus:Director3 2023-08-01 2024-07-31 09108986 bus:Director4 2023-08-01 2024-07-31 09108986 bus:Director5 2023-08-01 2024-07-31 09108986 bus:Director6 2023-08-01 2024-07-31 09108986 core:Goodwill core:TopRangeValue 2023-08-01 2024-07-31 09108986 core:Goodwill 2023-08-01 2024-07-31 09108986 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Company No: 09108986 (England and Wales)

STRATLAND HICKS GATE LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

STRATLAND HICKS GATE LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

STRATLAND HICKS GATE LIMITED

BALANCE SHEET

As at 31 July 2024
STRATLAND HICKS GATE LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 44,641 89,284
44,641 89,284
Current assets
Stocks 4 297,693 292,843
Debtors 5 2,131 2,167
Cash at bank and in hand 41,645 47,723
341,469 342,733
Creditors: amounts falling due within one year 6 ( 185,003) ( 183,868)
Net current assets 156,466 158,865
Total assets less current liabilities 201,107 248,149
Net assets 201,107 248,149
Capital and reserves
Called-up share capital 100 100
Share premium account 624,902 624,902
Profit and loss account ( 423,895 ) ( 376,853 )
Total shareholders' funds 201,107 248,149

For the financial 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.

Directors' responsibilities:

The financial statements of Stratland Hicks Gate Limited (registered number: 09108986) were approved and authorised for issue by the Board of Directors on 29 October 2024. They were signed on its behalf by:

C M D Haynes
Director
STRATLAND HICKS GATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
STRATLAND HICKS GATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Stratland Hicks Gate Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Albert Goodman, Lupin Way, Yeovil, BA22 8WW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Goodwill

Goodwill arises on business combinations and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Stocks

The costs of work in progress comprises of professional fees. At each reporting date, work in progress is assessed for impairment. If work in progress is impaired, any excess of the carrying amount of work in progress over its estimated sell price less costs to complete and sell is recognised as an impairment loss in profit and loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 6

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 August 2023 446,428 446,428
At 31 July 2024 446,428 446,428
Accumulated amortisation
At 01 August 2023 357,144 357,144
Charge for the financial year 44,643 44,643
At 31 July 2024 401,787 401,787
Net book value
At 31 July 2024 44,641 44,641
At 31 July 2023 89,284 89,284

4. Stocks

2024 2023
£ £
Work in progress 297,693 292,843

5. Debtors

2024 2023
£ £
Other debtors 2,131 2,167

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,020 0
Other creditors 183,983 183,868
185,003 183,868