4 4 Strickland Estates Limited 13587123 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is other letting and operating of own or leased real estate. Digita Accounts Production Advanced 6.30.9574.0 true 13587123 2023-09-01 2024-08-31 13587123 2024-08-31 13587123 core:CurrentFinancialInstruments 2024-08-31 13587123 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 13587123 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 13587123 core:LandBuildings 2024-08-31 13587123 bus:SmallEntities 2023-09-01 2024-08-31 13587123 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 13587123 bus:FilletedAccounts 2023-09-01 2024-08-31 13587123 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 13587123 bus:RegisteredOffice 2023-09-01 2024-08-31 13587123 bus:Director1 2023-09-01 2024-08-31 13587123 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13587123 core:LandBuildings 2023-09-01 2024-08-31 13587123 countries:EnglandWales 2023-09-01 2024-08-31 13587123 2023-08-31 13587123 core:LandBuildings 2023-08-31 13587123 2022-09-01 2023-08-31 13587123 2023-08-31 13587123 core:CurrentFinancialInstruments 2023-08-31 13587123 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 13587123 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-08-31 13587123 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 13587123 core:LandBuildings 2023-08-31 13587123 core:PreviouslyStatedAmount 2023-08-31 xbrli:pure iso4217:GBP

Registration number: 13587123

Strickland Estates Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Strickland Estates Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Strickland Estates Limited

(Registration number: 13587123)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

651,497

651,497

Current assets

 

Debtors

5

4,890

100

Cash at bank and in hand

 

1,273

863

 

6,163

963

Creditors: Amounts falling due within one year

6

(288,657)

(247,902)

Net current liabilities

 

(282,494)

(246,939)

Total assets less current liabilities

 

369,003

404,558

Creditors: Amounts falling due after more than one year

6

(435,866)

(435,845)

Net liabilities

 

(66,863)

(31,287)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(66,963)

(31,387)

Shareholders' deficit

 

(66,863)

(31,287)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 April 2025 and signed on its behalf by:
 

.........................................
Mr JF Strickland
Director

 

Strickland Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Strickland Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and Buildings

No depreciation

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Strickland Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 September 2023

651,497

651,497

At 31 August 2024

651,497

651,497

Depreciation

Carrying amount

At 31 August 2024

651,497

651,497

At 31 August 2023

651,497

651,497

Included within the net book value of land and buildings above is £651,497 (2023 - £651,497) in respect of freehold land and buildings.
 

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

100

100

Other debtors

 

4,790

-

   

4,890

100

 

Strickland Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

23,134

23,134

Trade creditors

 

840

-

Amounts owed to related parties

263,783

224,168

Accruals and deferred income

 

900

600

 

288,657

247,902

Current loans and borrowings

2024
£

2023
£

Bank borrowings

23,134

23,134

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

435,866

435,845