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REGISTERED NUMBER: 07666275 (England and Wales)















Stennett and Stennett Limited

Unaudited Financial Statements For The Year Ended 31 December 2024






Stennett and Stennett Limited (Registered number: 07666275)






Contents of the Financial Statements
For The Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stennett and Stennett Limited

Company Information
For The Year Ended 31 December 2024







DIRECTORS: Mr M E W Stennett
Mrs E R Beckford-Stennett





REGISTERED OFFICE: 4 Winchmore Hill Road
Southgate
London
N14 6PT





REGISTERED NUMBER: 07666275 (England and Wales)

Stennett and Stennett Limited (Registered number: 07666275)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 7,694 2,535
7,694 2,535

CURRENT ASSETS
Debtors 6 117,726 105,712
Cash at bank and in hand 719,924 528,006
837,650 633,718
CREDITORS
Amounts falling due within one year 7 (205,221 ) (208,580 )
NET CURRENT ASSETS 632,429 425,138
TOTAL ASSETS LESS CURRENT
LIABILITIES

640,123

427,673

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 640,023 427,573
SHAREHOLDERS' FUNDS 640,123 427,673

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

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

Stennett and Stennett Limited (Registered number: 07666275)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:




Mr M E W Stennett - Director



Mrs E R Beckford-Stennett - Director


Stennett and Stennett Limited (Registered number: 07666275)

Notes to the Financial Statements
For The Year Ended 31 December 2024

1. STATUTORY INFORMATION

Stennett and Stennett Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover
The turnover shown in the profit and loss account represents services provided during the year, exclusive of Value Added Tax. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Stennett and Stennett Limited (Registered number: 07666275)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 300,000
AMORTISATION
At 1 January 2024
and 31 December 2024 300,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 29,225 38,099 67,324
Additions - 9,105 9,105
At 31 December 2024 29,225 47,204 76,429
DEPRECIATION
At 1 January 2024 29,225 35,564 64,789
Charge for year - 3,946 3,946
At 31 December 2024 29,225 39,510 68,735
NET BOOK VALUE
At 31 December 2024 - 7,694 7,694
At 31 December 2023 - 2,535 2,535

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 34,398 13,370
Prepayments and Accrued income 83,328 92,342
117,726 105,712

Stennett and Stennett Limited (Registered number: 07666275)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,383 3,071
Tax 130,355 138,700
Social security and other taxes 5,242 4,045
VAT 57,626 54,294
Directors' current accounts 930 299
Accrued expenses 8,685 8,171
205,221 208,580

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   

A Debenture dated 3 November 2011 was created by the company for securing all monies due or to become due from the company to National Westminster Bank PLC on any account whatsoever.

9. RELATED PARTY DISCLOSURES

During the year the Company paid rent of £30,000 (£30,000 in 2023) to the Directors pension scheme.

At the year end the company owed the directors £930 (2023 - £299).