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REGISTERED NUMBER: 07725389 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

STANLEY ESTATES LTD

STANLEY ESTATES LTD (REGISTERED NUMBER: 07725389)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


STANLEY ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: C Josefovitz





REGISTERED OFFICE: 70 Kyverdale Road
London
N16 6PJ





REGISTERED NUMBER: 07725389 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

STANLEY ESTATES LTD (REGISTERED NUMBER: 07725389)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,871 2,202
Investment property 5 4,517,450 4,517,450
4,519,321 4,519,652

CURRENT ASSETS
Debtors 6 2,279,920 1,165,798
Cash at bank 386 1,096,147
2,280,306 2,261,945
CREDITORS
Amounts falling due within one year 7 (171,537 ) (132,291 )
NET CURRENT ASSETS 2,108,769 2,129,654
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,628,090

6,649,306

CREDITORS
Amounts falling due after more than one
year

8

(2,994,356

)

(2,995,288

)
NET ASSETS 3,633,734 3,654,018

CAPITAL AND RESERVES
Called up share capital 11 1 1
Revaluation reserve 12 2,817,379 2,817,379
Retained earnings 12 816,354 836,638
SHAREHOLDERS' FUNDS 3,633,734 3,654,018

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 director acknowledges his 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.

STANLEY ESTATES LTD (REGISTERED NUMBER: 07725389)

STATEMENT OF FINANCIAL POSITION - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2025 and were signed by:





C Josefovitz - Director


STANLEY ESTATES LTD (REGISTERED NUMBER: 07725389)

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

1. STATUTORY INFORMATION

Stanley Estates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net rent receivable, excluding value added tax.

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2023 - 2 ) .

STANLEY ESTATES LTD (REGISTERED NUMBER: 07725389)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 5,591
DEPRECIATION
At 1 September 2023 3,389
Charge for year 331
At 31 August 2024 3,720
NET BOOK VALUE
At 31 August 2024 1,871
At 31 August 2023 2,202

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 4,517,450
NET BOOK VALUE
At 31 August 2024 4,517,450
At 31 August 2023 4,517,450

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2017 2,817,379
Cost 1,700,071
4,517,450

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 1,844 18,187
Other debtors 2,278,076 1,147,611
2,279,920 1,165,798

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 113,758 117,958
Other creditors 57,779 14,333
171,537 132,291

STANLEY ESTATES LTD (REGISTERED NUMBER: 07725389)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans (see note 9) 2,976,856 2,968,612
Other creditors 17,500 26,676
2,994,356 2,995,288

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,976,856 2,968,612

9. LOANS

An analysis of the maturity of loans is given below:

31.8.24 31.8.23
£    £   
Amounts falling due between two and five years:
Other loans - 2-5 years 17,500 26,676

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,976,856 2,968,612

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 2,976,856 2,968,612
Other loans 17,500 26,676
2,994,356 2,995,288

1. Long term bank loan is secured by first charge over the company's investment property.

2. Under the bank loan, £17,500 was received under Bounce back Loan Scheme (BBL). The loan is unsecured and interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 Ordinary £1 1 1

STANLEY ESTATES LTD (REGISTERED NUMBER: 07725389)

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

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 September 2023 836,638 2,817,379 3,654,017
Profit for the year 79,716 79,716
Dividends (100,000 ) (100,000 )
At 31 August 2024 816,354 2,817,379 3,633,733

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £100,000 (2023 - £90,000) were paid to the director .

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C Josefovitz.