Registered number
10313918
STONE LAKE LONDON LIMITED
Filleted Accounts
31 May 2024
STONE LAKE LONDON LIMITED
Registered number: 10313918
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,611 5,623
Investments 4 294,000 154,000
298,611 159,623
Current assets
Cash at bank and in hand 100,225 158,385
Creditors: amounts falling due within one year 5 (46,827) (60,256)
Net current assets 53,398 98,129
Total assets less current liabilities 352,009 257,752
Creditors: amounts falling due after more than one year 6 (20,887) (30,797)
Net assets 331,122 226,955
Capital and reserves
Called up share capital 100 100
Profit and loss account 331,022 226,855
Shareholder's funds 331,122 226,955
The director is 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 director acknowledges his 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.
Sukhraj Singh Dhut
Director
Approved by the board on 21 February 2025
STONE LAKE LONDON LIMITED
Notes to the Accounts
for the year ended 31 May 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures, fittings, tools and equipment 18% reducing balance
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 19 18
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 17,955
At 31 May 2024 17,955
Depreciation
At 1 June 2023 12,332
Charge for the year 1,012
At 31 May 2024 13,344
Net book value
At 31 May 2024 4,611
At 31 May 2023 5,623
4 Investments
Other
investments
£
Cost
At 1 June 2023 154,000
Additions 140,000
At 31 May 2024 294,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 37,059 27,660
Other creditors 9,768 32,596
46,827 60,256
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 20,887 30,797
7 Other information
STONE LAKE LONDON LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
211 Station Road
Harrow
Middlesex
HA1 2TP
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