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REGISTERED NUMBER: 10314547 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

STRATHMORE POPLAR LTD

STRATHMORE POPLAR LTD (REGISTERED NUMBER: 10314547)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STRATHMORE POPLAR LTD

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTORS: D Hicks
Mrs J Hicks
B Hicks





REGISTERED OFFICE: Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF





REGISTERED NUMBER: 10314547 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

STRATHMORE POPLAR LTD (REGISTERED NUMBER: 10314547)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 967,971 709,741

CURRENT ASSETS
Debtors 5 659 662
Cash at bank and in hand 14,046 14,972
14,705 15,634
CREDITORS
Amounts falling due within one year 6 578,201 309,202
NET CURRENT LIABILITIES (563,496 ) (293,568 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,475

416,173

PROVISIONS FOR LIABILITIES 8,900 12,086
NET ASSETS 395,575 404,087

CAPITAL AND RESERVES
Called up share capital 36 36
Revaluation reserve 7 - 51,524
Retained earnings 395,539 352,527
SHAREHOLDERS' FUNDS 395,575 404,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

STRATHMORE POPLAR LTD (REGISTERED NUMBER: 10314547)

BALANCE SHEET - continued
31 August 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by:




D Hicks - Director



Mrs J Hicks - Director


STRATHMORE POPLAR LTD (REGISTERED NUMBER: 10314547)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Strathmore Poplar Ltd is a company incorporated and domiciled in England. It has its registration no. 10314547. The registered office and its principle place of business is at 16A Nordham, North Cave, HU15 2LT.

The principal activity of the company is that of other letting and operating of own or leased real estate.

The presentational currency of the financial statements is Pound Sterling (£).

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

STRATHMORE POPLAR LTD (REGISTERED NUMBER: 10314547)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 709,741
Additions 275,000
Revaluations (16,770 )
At 31 August 2024 967,971
NET BOOK VALUE
At 31 August 2024 967,971
At 31 August 2023 709,741

The directors have considered the carrying amount of the investment property at the year end and consider it to be approximate to its fair value.

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2017 23,340
Valuation in 2022 40,270
Valuation in 2024 (16,770 )
Cost 921,131
967,971

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 659 662

STRATHMORE POPLAR LTD (REGISTERED NUMBER: 10314547)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,190 2,069
Other creditors 577,011 307,133
578,201 309,202

7. RESERVES
Revaluation
reserve
£   
At 1 September 2023 51,524
Investment properties (51,524 )

At 31 August 2024 -

8. RELATED PARTY TRANSACTIONS

Included in other creditors is a loan to the company from its directors amounting to £574,579 (2023: £303,323).

This loan is interest free and repayable on demand. Although the loan is repayable on demand the directors have confirmed they will not demand repayment until there are sufficient funds available.

On this basis the accounts have been prepared on a going concern basis.

9. ULTIMATE CONTROLLING PARTY

The company is not under the control of any one individual or party.