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REGISTERED NUMBER: 07003704















STANNARD MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






STANNARD MANAGEMENT LIMITED (REGISTERED NUMBER: 07003704)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STANNARD MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: I D Stannard
Mrs H T Stannard





REGISTERED OFFICE: Clarke Nicklin House Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
England
SK8 3TD





REGISTERED NUMBER: 07003704





ACCOUNTANTS: Clarke Nicklin LLP
Chartered Accountants
Clarke Nicklin House
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD

STANNARD MANAGEMENT LIMITED (REGISTERED NUMBER: 07003704)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,812 4,437
Investment property 5 935,000 850,000
936,812 854,437

CURRENT ASSETS
Debtors 6 698 1,680
Cash at bank 16,060 25,413
16,758 27,093
CREDITORS
Amounts falling due within one year 7 72,923 57,590
NET CURRENT LIABILITIES (56,165 ) (30,497 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

880,647

823,940

CREDITORS
Amounts falling due after more than one
year

8

(342,323

)

(342,323

)

PROVISIONS FOR LIABILITIES (64,681 ) (34,155 )
NET ASSETS 473,643 447,462

CAPITAL AND RESERVES
Called up share capital 10 1 1
Fair value reserve 11 194,496 108,724
Retained earnings 279,146 338,737
SHAREHOLDERS' FUNDS 473,643 447,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

STANNARD MANAGEMENT LIMITED (REGISTERED NUMBER: 07003704)

BALANCE SHEET - continued
31 AUGUST 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





I D Stannard - Director


STANNARD MANAGEMENT LIMITED (REGISTERED NUMBER: 07003704)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Stannard Management Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

STANNARD MANAGEMENT LIMITED (REGISTERED NUMBER: 07003704)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 14,251 4,991 19,242
DEPRECIATION
At 1 September 2023 12,324 2,481 14,805
Charge for year 1,927 698 2,625
At 31 August 2024 14,251 3,179 17,430
NET BOOK VALUE
At 31 August 2024 - 1,812 1,812
At 31 August 2023 1,927 2,510 4,437

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 850,000
Revaluations 85,000
At 31 August 2024 935,000
NET BOOK VALUE
At 31 August 2024 935,000
At 31 August 2023 850,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2018 132,737
Valuation in 2021 55,000
Valuation in 2022 (79,013 )
Valuation in 2023 65,000
Valuation in 2024 85,000
Cost 676,276
935,000

STANNARD MANAGEMENT LIMITED (REGISTERED NUMBER: 07003704)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. INVESTMENT PROPERTY - continued

If the properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 676,276 676,276

The properties were valued on an open market basis on 31 August 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 865
Other debtors 698 815
698 1,680

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 64
Taxation and social security 479 -
Other creditors 72,444 57,526
72,923 57,590

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 342,323 342,323

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 342,323 342,323

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 342,323 342,323

STANNARD MANAGEMENT LIMITED (REGISTERED NUMBER: 07003704)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1

11. RESERVES
Fair
value
reserve
£   
At 1 September 2023 108,724
Revaluations 85,772

At 31 August 2024 194,496

12. ULTIMATE CONTROLLING PARTY

The controlling party is I D Stannard.