Silverfin false false 05/04/2024 06/04/2023 05/04/2024 D. Edelstein 29/08/2012 K. Edelstein 08/10/2015 F. Steiner 19/04/2024 25 April 2025 The principal activity of the Company during the financial year continued to be that of property development for resale. 00451283 2024-04-05 00451283 bus:Director1 2024-04-05 00451283 bus:Director2 2024-04-05 00451283 bus:Director3 2024-04-05 00451283 2023-04-05 00451283 core:CurrentFinancialInstruments 2024-04-05 00451283 core:CurrentFinancialInstruments 2023-04-05 00451283 core:ShareCapital 2024-04-05 00451283 core:ShareCapital 2023-04-05 00451283 core:SharePremium 2024-04-05 00451283 core:SharePremium 2023-04-05 00451283 core:RetainedEarningsAccumulatedLosses 2024-04-05 00451283 core:RetainedEarningsAccumulatedLosses 2023-04-05 00451283 core:OtherPropertyPlantEquipment 2023-04-05 00451283 core:OtherPropertyPlantEquipment 2024-04-05 00451283 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2024-04-05 00451283 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2023-04-05 00451283 bus:OrdinaryShareClass1 2024-04-05 00451283 2023-04-06 2024-04-05 00451283 bus:FilletedAccounts 2023-04-06 2024-04-05 00451283 bus:SmallEntities 2023-04-06 2024-04-05 00451283 bus:AuditExemptWithAccountantsReport 2023-04-06 2024-04-05 00451283 bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 00451283 bus:Director1 2023-04-06 2024-04-05 00451283 bus:Director2 2023-04-06 2024-04-05 00451283 bus:Director3 2023-04-06 2024-04-05 00451283 core:OtherPropertyPlantEquipment 2023-04-06 2024-04-05 00451283 2022-04-06 2023-04-05 00451283 bus:OrdinaryShareClass1 2023-04-06 2024-04-05 00451283 bus:OrdinaryShareClass1 2022-04-06 2023-04-05 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00451283 (England and Wales)

STONEBOW LIMITED

Unaudited Financial Statements
For the financial year ended 05 April 2024
Pages for filing with the registrar

STONEBOW LIMITED

Unaudited Financial Statements

For the financial year ended 05 April 2024

Contents

STONEBOW LIMITED

BALANCE SHEET

As at 05 April 2024
STONEBOW LIMITED

BALANCE SHEET (continued)

As at 05 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 10,315 11,461
10,315 11,461
Current assets
Stocks 5 250,922 250,922
Debtors 6 1,246,865 1,549,791
1,497,787 1,800,713
Creditors: amounts falling due within one year 7 ( 184,791) ( 467,085)
Net current assets 1,312,996 1,333,628
Total assets less current liabilities 1,323,311 1,345,089
Net assets 1,323,311 1,345,089
Capital and reserves
Called-up share capital 8 4,701 4,701
Share premium account 949,299 949,299
Profit and loss account 369,311 391,089
Total shareholders' funds 1,323,311 1,345,089

For the financial year ending 05 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Stonebow Limited (registered number: 00451283) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

D. Edelstein
Director

25 April 2025

STONEBOW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2024
STONEBOW LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Stonebow Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 4 4

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 06 April 2023 63,011 63,011
At 05 April 2024 63,011 63,011
Accumulated depreciation
At 06 April 2023 51,550 51,550
Charge for the financial year 1,146 1,146
At 05 April 2024 52,696 52,696
Net book value
At 05 April 2024 10,315 10,315
At 05 April 2023 11,461 11,461

5. Stocks

2024 2023
£ £
Finished goods 250,922 250,922

6. Debtors

2024 2023
£ £
Other debtors 1,246,865 1,549,791

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 6,406 22,928
Amounts owed to fellow subsidiaries 0 263,643
Taxation and social security 571 5,009
Other creditors 177,814 175,505
184,791 467,085

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
4,701 Ordinary shares of £ 1.00 each 4,701 4,701

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Amount owed to directors 93,520 95,926

Other related party transactions

2024 2023
£ £
Amount owed by related parties 1,236,882 1,530,097
Amount owed to related parties 43,574 297,617