Registered number: 01121633
STRONGBURN LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 AUGUST 2024
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STRONGBURN LIMITED
CONTENTS
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Notes to the financial statements
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STRONGBURN LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STRONGBURN LIMITED
FOR THE YEAR ENDED 31 AUGUST 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 Strongburn Limited for the year ended 31 August 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 Strongburn Limited, as a body, in accordance with the terms of our engagement letter dated 20 March 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Strongburn Limited and state those matters that we have agreed to state to the Board of directors of Strongburn 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 Strongburn Limited and its Board of directors, as a body, for our work or for this report.
It is your duty to ensure that Strongburn 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 Strongburn Limited. You consider that Strongburn 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 Strongburn 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.
MA Partners LLP
Chartered Accountants
7 The Close
Norwich
Norfolk
NR1 4DJ
15 April 2025
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STRONGBURN LIMITED
REGISTERED NUMBER: 01121633
BALANCE SHEET
AS AT 31 AUGUST 2024
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Debtors: amounts falling due within one year
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Current asset investments
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Provisions for liabilities
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STRONGBURN LIMITED
REGISTERED NUMBER: 01121633
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024
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.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 April 2025.
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L Valsler
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The notes on pages 4 to 6 form part of these financial statements.
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STRONGBURN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
The Company is a private company incorporated in the United Kingdom and limited by shares. It is registered in England and Wales. The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ. The trading takes place in Old Buckenham, Norfolk.
The company's principal activity is that of an investment company.
2.Accounting policies
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Basis of preparation of financial statements
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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 principle accounting policies adopted in the preparation of the financial statements are set out below, remain unchanged from the previous year and have been consistently applied within the same accounts.
The following principal accounting policies have been applied:
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax.
Deferred tax balances are recognised in respect of timing differences that have originated but
not reversed by the balance sheet date.
Current and deferred tax is determined using tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.
Investments in listed company shares are remeasured to market value at each balance sheet. Gains and losses on remeasurement are recognised in profit or loss for the period.
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Short term debtors and creditors
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Short term debtors and creditors with no stated interest rate are recorded at transaction price.
Any losses arising from impairment are recognised in the profit and loss account.
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.
Debt instruments that are payable or receivable within one year, typically trade debtors and
creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other
consideration expected to be paid or received.
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STRONGBURN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
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The average monthly number of employees, including directors, during the year was 1 (2023 - 2).
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Prepayments and accrued income
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Current asset investments
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STRONGBURN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Allotted, called up and fully paid
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100 Ordinary shares of £1.00 each
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25 "A" Ordinary shares of £1.00 each
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Other reserves
The fair value reserve is the accumulation of revaluations on listed investments, which are revalued annually to give a true and fair view. The debit and credit amounts are transfers from the profit and loss account. Deferred tax has been accounted for where capital gains arising on the listed investments are material at the appropriate tax rate.
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Related party transactions
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As at 31 August 2024, the balance on the director's loan accounts was £765 (2023 - £478,586) as included within other creditors in note 7 to the financial statements. This loan is repayable on demand and no interest was charged.
As at 31 August 2024, the company owed a shareholder £447,810 (2023: £nil). The loan is included in other creditors note 7 to the accounts. No interest has been paid on the loan and it is repayable on demand.
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