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REGISTERED NUMBER: 05835696 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

STONEACRE PROPERTY DEVELOPERS LIMITED

STONEACRE PROPERTY DEVELOPERS LIMITED (REGISTERED NUMBER: 05835696)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STONEACRE PROPERTY DEVELOPERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr Benjamin Louis Jacobs
Mr James Daniel Newman





REGISTERED OFFICE: 184 Harrogate Road
Chapel Allerton
Leeds
West Yorkshire
LS7 4NZ





REGISTERED NUMBER: 05835696 (England and Wales)





ACCOUNTANTS: Syers McGill
9 Kerry Street
Horsforth
Leeds
West Yorkshire
LS18 4AW

STONEACRE PROPERTY DEVELOPERS LIMITED (REGISTERED NUMBER: 05835696)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 319,991 1,071,059
Investments 6 - 25
319,991 1,071,084

CURRENT ASSETS
Stocks 7 48,370 20,520
Debtors 8 723,816 370,601
Cash at bank 397,771 194,954
1,169,957 586,075
CREDITORS
Amounts falling due within one year 9 516,205 465,209
NET CURRENT ASSETS 653,752 120,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

973,743

1,191,950

CREDITORS
Amounts falling due after more than one
year

10

160,650

211,576
NET ASSETS 813,093 980,374

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 13 812,993 980,274
SHAREHOLDERS' FUNDS 813,093 980,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

STONEACRE PROPERTY DEVELOPERS LIMITED (REGISTERED NUMBER: 05835696)

BALANCE SHEET - continued
30 JUNE 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 Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:




Mr Benjamin Louis Jacobs - Director



Mr James Daniel Newman - Director


STONEACRE PROPERTY DEVELOPERS LIMITED (REGISTERED NUMBER: 05835696)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Stoneacre Property Developers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Goodwill
Goodwill was amortised evenly over its estimated useful economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - at variable rates on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


STONEACRE PROPERTY DEVELOPERS LIMITED (REGISTERED NUMBER: 05835696)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 48,500
AMORTISATION
At 1 July 2023
and 30 June 2024 48,500
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

STONEACRE PROPERTY DEVELOPERS LIMITED (REGISTERED NUMBER: 05835696)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023 1,005,756 100,756 71,249 60,500 1,238,261
Additions - 2,860 - 5,850 8,710
Disposals (743,288 ) - - (32,350 ) (775,638 )
At 30 June 2024 262,468 103,616 71,249 34,000 471,333
DEPRECIATION
At 1 July 2023 - 70,279 55,000 41,923 167,202
Charge for year - 6,668 3,250 4,410 14,328
Eliminated on disposal - - - (30,188 ) (30,188 )
At 30 June 2024 - 76,947 58,250 16,145 151,342
NET BOOK VALUE
At 30 June 2024 262,468 26,669 12,999 17,855 319,991
At 30 June 2023 1,005,756 30,477 16,249 18,577 1,071,059

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.6.24 30.6.23
£    £   
Other investments - 25

7. STOCKS
30.6.24 30.6.23
£    £   
Stocks 48,370 20,520

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 29,704 41,473
Other debtors and prepayments 660,985 295,878
Corporation tax 33,127 33,127
Directors' current accounts - 123
723,816 370,601

STONEACRE PROPERTY DEVELOPERS LIMITED (REGISTERED NUMBER: 05835696)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 50,926 55,556
Trade creditors 76,321 61,139
Social security and other taxes 82,954 54,566
Other creditors and accruals 304,780 293,948
Directors' current accounts 1,224 -
516,205 465,209

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 160,650 211,576

11. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 160,650 160,650

The Allica bank loan is secured against the freehold land at 24 Chapel Hill, Morley, Leeds, LS27 8JP.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
80 A Ordinary £1 80 80
20 B Ordinary £1 20 20
100 100

13. RESERVES
Retained
earnings
£   

At 1 July 2023 980,274
Deficit for the year (167,281 )
At 30 June 2024 812,993

STONEACRE PROPERTY DEVELOPERS LIMITED (REGISTERED NUMBER: 05835696)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


14. RELATED PARTY DISCLOSURES

The company is related to Connaught Property Investments Limited by virtue of common control and Benharp Properties Ltd by virtue of directors in common.

At the year end, Connaught Property Investments Limited owed the company £488,422 (2023: £61,232).

At the year end, Benharp Properties Ltd owed the company £82,000 (2023: £130,000).

15. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its directors.