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REGISTERED NUMBER: 02731688 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Standrise Limited

Standrise Limited (Registered number: 02731688)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Standrise Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: D Smith





REGISTERED OFFICE: West Hill House
West Hill
Dartford
Kent
DA1 2EU





REGISTERED NUMBER: 02731688 (England and Wales)






Standrise Limited (Registered number: 02731688)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,468,094 2,468,094

CURRENT ASSETS
Debtors 5 - 127,063
Cash at bank and in hand 178,329 226,571
178,329 353,634
CREDITORS
Amounts falling due within one year 6 4,189 14,429
NET CURRENT ASSETS 174,140 339,205
TOTAL ASSETS LESS CURRENT LIABILITIES 2,642,234 2,807,299

CREDITORS
Amounts falling due after more than one
year

7

1,355,481

1,446,160
NET ASSETS 1,286,753 1,361,139

CAPITAL AND RESERVES
Called up share capital 15,002 15,002
Revaluation reserve 8 1,145,835 1,145,835
Retained earnings 125,916 200,302
SHAREHOLDERS' FUNDS 1,286,753 1,361,139

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 director and authorised for issue on 3 March 2025 and were signed by:




D Smith - Director


Standrise Limited (Registered number: 02731688)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Standrise 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 2,468,094
NET BOOK VALUE
At 31 July 2024 2,468,094
At 31 July 2023 2,468,094

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2011 (1,393,045 )
Valuation in 2016 607,040
Cost 3,254,099
2,468,094

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors - 127,063

Standrise Limited (Registered number: 02731688)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
VAT - 1,515
Other creditors - 8,725
Accrued expenses 4,189 4,189
4,189 14,429

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans - 2-5 years 1,355,481 1,446,160

8. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 1,145,835

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director, Mr D Smith.