Caseware UK (AP4) 2023.0.135 2023.0.135 2024-11-302024-11-3027809061920000No description of principal activity2false22023-12-01falsefalsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11067087 2023-12-01 2024-11-30 11067087 2022-12-01 2023-11-30 11067087 2024-11-30 11067087 2023-11-30 11067087 c:Director1 2023-12-01 2024-11-30 11067087 d:FreeholdInvestmentProperty 2023-12-01 2024-11-30 11067087 d:FreeholdInvestmentProperty 2024-11-30 11067087 d:FreeholdInvestmentProperty 2023-11-30 11067087 d:LeaseholdInvestmentProperty 2023-12-01 2024-11-30 11067087 d:LeaseholdInvestmentProperty 2024-11-30 11067087 d:LeaseholdInvestmentProperty 2023-11-30 11067087 d:CurrentFinancialInstruments 2024-11-30 11067087 d:CurrentFinancialInstruments 2023-11-30 11067087 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 11067087 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 11067087 d:ShareCapital 2024-11-30 11067087 d:ShareCapital 2023-11-30 11067087 d:RevaluationReserve 2024-11-30 11067087 d:RevaluationReserve 2023-11-30 11067087 d:RetainedEarningsAccumulatedLosses 2024-11-30 11067087 d:RetainedEarningsAccumulatedLosses 2023-11-30 11067087 d:AcceleratedTaxDepreciationDeferredTax 2024-11-30 11067087 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 11067087 c:OrdinaryShareClass1 2023-12-01 2024-11-30 11067087 c:OrdinaryShareClass1 2024-11-30 11067087 c:OrdinaryShareClass1 2023-11-30 11067087 c:FRS102 2023-12-01 2024-11-30 11067087 c:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 11067087 c:FullAccounts 2023-12-01 2024-11-30 11067087 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11067087 5 2023-12-01 2024-11-30 11067087 6 2023-12-01 2024-11-30 11067087 e:PoundSterling 2023-12-01 2024-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11067087









STANMAUR PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
STANMAUR PROPERTIES LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STANMAUR PROPERTIES LIMITED
FOR THE YEAR ENDED 30 NOVEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of STANMAUR PROPERTIES LIMITED for the year ended 30 November 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of STANMAUR PROPERTIES LIMITED, as a body, in accordance with the terms of our engagement letter dated 21 August 2024Our work has been undertaken solely to prepare for your approval the financial statements of STANMAUR PROPERTIES LIMITED and state those matters that we have agreed to state to the Board of Directors of STANMAUR PROPERTIES LIMITED, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than STANMAUR PROPERTIES LIMITED and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that STANMAUR PROPERTIES LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of STANMAUR PROPERTIES LIMITED. You consider that STANMAUR PROPERTIES LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of STANMAUR PROPERTIES LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Hurkan Sayman & Co
 
Chartered Accountants
  
291 Green Lanes
Palmers Green
London
N13 4XS
20 March 2025
Page 1

 
STANMAUR PROPERTIES LIMITED
REGISTERED NUMBER: 11067087

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
  
178
178

Investment property
 5 
1,390,453
960,000

  
1,390,631
960,178

Current assets
  

Debtors: amounts falling due within one year
  
13,334
-

Cash at bank and in hand
 7 
59,393
20,201

  
72,727
20,201

Creditors: amounts falling due within one year
 8 
(1,225,347)
(834,722)

Net current liabilities
  
 
 
(1,152,620)
 
 
(814,521)

Total assets less current liabilities
  
238,011
145,657

Provisions for liabilities
  

Deferred tax
  
(25,405)
(25,405)

  
 
 
(25,405)
 
 
(25,405)

Net assets
  
212,606
120,252


Capital and reserves
  

Called up share capital 
 10 
100
100

Revaluation reserve
  
76,217
76,217

Profit and loss account
  
136,289
43,935

  
212,606
120,252


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
Page 2

 
STANMAUR PROPERTIES LIMITED
REGISTERED NUMBER: 11067087
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Tolga Paphiti
Director

Date: 20 March 2025

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
STANMAUR PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

STANMAUR PROPERTIES LIMITED is a private company limited by share capital, Incorporated in England and Wales, registration number 11067087. The address of the registered office is 291 Green Lanes, Palmers Green, London, N13 4XS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Rental income from investment properties is recognised on a straight-line basis over the term of the lease. The revenue recognition commences when the tenant takes possession or controls the physical use of the lease space.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
STANMAUR PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the Directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
STANMAUR PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 December 2023
178



At 30 November 2024
178





5.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 December 2023
750,000
210,000
960,000


Additions at cost
430,453
-
430,453



At 30 November 2024
1,180,453
210,000
1,390,453

The 2024 valuations were made by the Directors, on an open market value for existing use basis.





6.


Debtors

2024
2023
£
£


Trade debtors
13,334
-

13,334
-


Page 6

 
STANMAUR PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
59,393
20,201

59,393
20,201



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Payments received on account
4,450
4,450

Trade creditors
1,200
-

Corporation tax
30,747
9,262

Other creditors
1,187,870
819,570

Accruals and deferred income
1,080
1,440

1,225,347
834,722



9.


Deferred taxation




2024


£






At beginning of year
(25,405)



At end of year
(25,405)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair value movements
(25,405)
(25,405)

(25,405)
(25,405)


10.


Share capital

2024
2023
£
£
Page 7

 
STANMAUR PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

10.Share capital (continued)

Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



11.


Related party transactions

Included within other creditors at the year end is a loan amount of £534,849 (2023: £534,131) due to the Directors. The loan is unsecured and repayable on demand. The loan is unsecured, free of interest and repayable on demand. 
Included within other creditors due within less than 1 year is a loan amount of £653,021 (2023: £272,439) due to a company controlled by an immediate family member. The loan is unsecured, free of interest and repayable on demand. 

 
Page 8