ACCOUNTS - Final Accounts

Registered number: 01392074

STADEWAYS LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

STADEWAYS LIMITED

REGISTERED NUMBER: 01392074

STATEMENT OF FINANCIAL POSITION

AS AT 31 OCTOBER 2024

		2024		2023
Note		£		£

Fixed assets
Investment property	6		1,000,000		1,000,000
			1,000,000		1,000,000
Current assets
Debtors: amounts falling due within one year	7	380		29,250
Cash at bank and in hand		170,494		169,606
		170,874		198,856
Creditors: amounts falling due within one year	8	(625,496)		(641,557)
Net current liabilities			(454,622)		(442,701)
Total assets less current liabilities			545,378		557,299

Net assets			545,378		557,299

Capital and reserves
Called up share capital	100	100
Revaluation reserve	(279,665)	(279,665)
Profit and loss account	824,943	836,864
	545,378	557,299

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.

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STADEWAYS LIMITED

REGISTERED NUMBER: 01392074

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 OCTOBER 2024

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.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 April 2025.

M. P. Betts

Director

The notes on pages 3 to 6 form part of these financial statements.

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STADEWAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

1.	General information

Stadeways Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 30 Orange Street, London, WC2H 7HF.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised by the company in respect of rents receivable and lease cancellation fees, exclusive of Value Added Tax.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

33%

Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.4

Investment property

Investment property is carried at fair value determined by the directors. Investment property is not depreciated. Changes in fair value are recognised in the Statement of comprehensive income.

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STADEWAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

2.5

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.6

Debtors

Short term debtors are measured at transaction price.

2.7

Creditors

Short term creditors are measured at the transaction price.

2.8

Taxation

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 reporting date in the countries where the Company operates and generates income.

2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 4).

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STADEWAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

4.	Taxation

		2024	2023
		£	£

Corporation tax
Current tax on profits for the year	4,065	9,042
	4,065	9,042

Total current tax	4,065	9,042

	Factors affecting tax charge for the year
	There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of 19% (2023 - 19%).

Factors that may affect future tax charges

There were no factors that may affect future tax charges.

5.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 November 2023	1,262
	At 31 October 2024	1,262
	Depreciation
	At 1 November 2023	1,262
	At 31 October 2024	1,262
	Net book value
	At 31 October 2024	-
	At 31 October 2023	-

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STADEWAYS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

6.	Investment property

		Long term leasehold investment property
		£
	Valuation
	At 1 November 2023	1,000,000
	At 31 October 2024	1,000,000

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

Debtors

					2024	2023
					£	£


Trade debtors	150	-
Other debtors	-	29,250
PAYE/NI recoverable	230	-
	380	29,250

8.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	10,223	11,411
Swiftden Limited	604,408	614,337
Corporation tax	4,065	9,042
Other taxation and social security	3,800	3,867
Accruals	3,000	2,900
	625,496	641,557

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