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REGISTERED NUMBER: 10823524 (England and Wales)










Unaudited Financial Statements

for the Year Ended 29 July 2024

for

Sturton Developments Limited

Sturton Developments Limited (Registered number: 10823524)






Contents of the Financial Statements
for the Year Ended 29 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sturton Developments Limited

Company Information
for the Year Ended 29 July 2024







DIRECTORS: Miss E L Thompson
J K Taylor





REGISTERED OFFICE: Empire House
92-98 Cleveland street
Doncaster
DN1 3DP





REGISTERED NUMBER: 10823524 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Wynyard Business Park
Wynyard Avenue
Billingham
Cleveland
TS22 5TB

Sturton Developments Limited (Registered number: 10823524)

Balance Sheet
29 July 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 3 8,271,469 5,989,533
Debtors 4 44,675 217,114
Cash at bank 1,958 60,300
8,318,102 6,266,947
CREDITORS
Amounts falling due within one year 5 (7,586,903 ) (5,668,380 )
NET CURRENT ASSETS 731,199 598,567
TOTAL ASSETS LESS CURRENT
LIABILITIES

731,199

598,567

CAPITAL AND RESERVES
Called up share capital 600 600
Retained earnings 730,599 597,967
SHAREHOLDERS' FUNDS 731,199 598,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 July 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.

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 25 April 2025 and were signed on its behalf by:




Miss E L Thompson - Director


Sturton Developments Limited (Registered number: 10823524)

Notes to the Financial Statements
for the Year Ended 29 July 2024

1. 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.

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.

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.

2. EMPLOYEES AND DIRECTORS

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

3. STOCKS
2024 2023
£    £   
Stocks 8,271,469 5,989,533

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 13,905 34,333
Amounts owed by associates 20,486 182,781
Other debtors 10,284 -
44,675 217,114

Sturton Developments Limited (Registered number: 10823524)

Notes to the Financial Statements - continued
for the Year Ended 29 July 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 6) - 2,146,097
Other loans (see note 6) 5,089,256 855,765
Trade creditors 586,743 652,271
Amounts owed to group undertakings 1,855,957 1,642,457
Amounts owed to associates 42,450 344,772
Corporation tax - 100
Other creditors 2,097 24,475
Accruals and deferred income 8,000 -
Accrued expenses 2,400 2,443
7,586,903 5,668,380

6. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans - 2,146,097
Other loans 5,089,256 855,765
5,089,256 3,001,862

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 2,146,097

8. ULTIMATE CONTROLLING PARTY

The controlling party is Miss E L Thompson.

The ultimate controlling party is Miss E L Thompson.