STONEHOUSE PROJECTS LIMITED

Company Registration Number:
05070886 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

STONEHOUSE PROJECTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

STONEHOUSE PROJECTS LIMITED

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 8,279 6,885
Tangible assets: 4 11,600 37,578
Total fixed assets: 19,879 44,463
Current assets
Debtors: 5 1,421,420 1,510,704
Cash at bank and in hand: 2,097 75,057
Total current assets: 1,423,517 1,585,761
Creditors: amounts falling due within one year: 6 (425,050) (821,659)
Net current assets (liabilities): 998,467 764,102
Total assets less current liabilities: 1,018,346 808,565
Provision for liabilities: (7,200) (7,200)
Total net assets (liabilities): 1,011,146 801,365
Capital and reserves
Called up share capital: 2,800 2,800
Revaluation reserve:71,2001,200
Profit and loss account: 1,007,146 797,365
Shareholders funds: 1,011,146 801,365

The notes form part of these financial statements

STONEHOUSE PROJECTS LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 February 2025
and signed on behalf of the board by:

Name: Patrick Leoni Sceti
Status: Director

The notes form part of these financial statements

STONEHOUSE PROJECTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Long leasehold property - over the life of the lease Plant and machinery - 12.5% reducing balance Fittings, fixtures and equipment - 25% straight line Motor vehicles - 25% straight line If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates

Intangible fixed assets and amortisation policy

Amortisation is calculated so as off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows: Software & Website costs - 25% straight line If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

STONEHOUSE PROJECTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 23 24

STONEHOUSE PROJECTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 19,610
Additions 7,196
At 31 December 2024 26,806
Amortisation
At 01 January 2024 12,725
Charge for year 5,802
At 31 December 2024 18,527
Net book value
At 31 December 2024 8,279
At 31 December 2023 6,885

STONEHOUSE PROJECTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 341,324
Disposals (33,520)
At 31 December 2024 307,804
Depreciation
At 01 January 2024 303,746
Charge for year 18,296
On disposals (25,838)
At 31 December 2024 296,204
Net book value
At 31 December 2024 11,600
At 31 December 2023 37,578

STONEHOUSE PROJECTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

STONEHOUSE PROJECTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year Trade creditors - 189,803 Social security and other taxes - 2,676 Other creditors - 232,571 Total 425,050

STONEHOUSE PROJECTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Revaluation reserve

2024
£
Balance at 01 January 2024 1,200
Surplus or deficit after revaluation 0
Balance at 31 December 2024 1,200

STONEHOUSE PROJECTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

8. Related party transactions

The Company has take advantage of exemptions available in FRS102 to not disclose transactions with the fellow group companies.