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REGISTERED NUMBER: 12390935 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

STONEYCROFT LIMITED

STONEYCROFT LIMITED (REGISTERED NUMBER: 12390935)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STONEYCROFT LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTOR: C H Phillips





REGISTERED OFFICE: T M W I House,
Unit 7, Shottery Brook Office Park
Timothys Bridge Road
Stratford-Upon-Avon
Warwickshire
CV37 9NR





REGISTERED NUMBER: 12390935 (England and Wales)





ACCOUNTANTS: TC Group
1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB

STONEYCROFT LIMITED (REGISTERED NUMBER: 12390935)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,087 -
Investment property 5 2,063,360 1,984,500
2,089,447 1,984,500

CURRENT ASSETS
Debtors 6 44,365 38,313
Cash at bank 6,445 49,684
50,810 87,997
CREDITORS
Amounts falling due within one year 7 830,533 831,667
NET CURRENT LIABILITIES (779,723 ) (743,670 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,309,724

1,240,830

CREDITORS
Amounts falling due after more than one
year

8

(1,049,830

)

(1,124,741

)

PROVISIONS FOR LIABILITIES (26,237 ) -
NET ASSETS 233,657 116,089

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 59,145 -
Retained earnings 174,412 115,989
SHAREHOLDERS' FUNDS 233,657 116,089

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

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

STONEYCROFT LIMITED (REGISTERED NUMBER: 12390935)

BALANCE SHEET - continued
31 March 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 director and authorised for issue on 21 March 2025 and were signed by:





C H Phillips - Director


STONEYCROFT LIMITED (REGISTERED NUMBER: 12390935)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Stoneycroft 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are 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.

STONEYCROFT LIMITED (REGISTERED NUMBER: 12390935)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Going concern
The directors have considered the impact of current market and economic conditions in relation to their assessment of going concern and in their opinion have taken all reasonable steps to mitigate these factors. As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the currently rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves. Such factors are considered by the directors to represent a general inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.

The company continues to rely on ongoing financial support of its shareholders, to which they have
committed, however this reliance is much reduced from previous years. The directors consider the likelihood of failing to access sufficient funds to be remote and therefore consider the use of the going concern basis of preparation of the financial statements to be appropriate.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 27,703
At 31 March 2024 27,703
DEPRECIATION
Charge for year 1,616
At 31 March 2024 1,616
NET BOOK VALUE
At 31 March 2024 26,087

STONEYCROFT LIMITED (REGISTERED NUMBER: 12390935)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,984,500
Revaluations 78,860
At 31 March 2024 2,063,360
NET BOOK VALUE
At 31 March 2024 2,063,360
At 31 March 2023 1,984,500

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 78,860
Cost 1,984,500
2,063,360

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,984,500 1,984,500

Investment property was valued on an open market basis on 31 March 2024 by the directors. .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 44,365 38,313

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 82,217 80,913
Trade creditors 15,116 13,202
Taxation and social security 12,377 17,243
Other creditors 720,823 720,309
830,533 831,667

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,049,830 1,124,741

STONEYCROFT LIMITED (REGISTERED NUMBER: 12390935)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 593,280 801,090

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,132,047 1,205,654

The bank loans are secured against assets owned by the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary 1 100 100

11. RESERVES
Fair
value
reserve
£   
Fair value movement 59,145

At 31 March 2024 59,145

12. RELATED PARTY DISCLOSURES

At 31 March 2024, the company owed TMWI Limited £676,126 (2023; £675,740) a company that is related by common shareholding.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C H Phillips.