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REGISTERED NUMBER: 14208603 (England and Wales)




















Financial Statements

for the Year Ended 31 August 2024

for

Stonerush Limited

Stonerush Limited (Registered number: 14208603)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Stonerush Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr S Geranio
Mr P Howard





REGISTERED OFFICE: 1 Saxon House
Headway Business Park
Corby
Northamptonshire
NN18 9EZ





REGISTERED NUMBER: 14208603 (England and Wales)





AUDITORS: Clifford Roberts - Statutory Auditor
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Stonerush Limited (Registered number: 14208603)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 8,816 14,703
Tangible assets 5 3,110,059 3,292,020
3,118,875 3,306,723

CURRENT ASSETS
Stocks 105,639 6,590
Debtors 6 422,415 695,076
Cash at bank and in hand 58,432 333,690
586,486 1,035,356
CREDITORS
Amounts falling due within one year 7 4,136,855 4,556,385
NET CURRENT LIABILITIES (3,550,369 ) (3,521,029 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(431,494

)

(214,306

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (431,594 ) (214,406 )
SHAREHOLDERS' FUNDS (431,494 ) (214,306 )

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 28 May 2025 and were signed on its behalf by:





Mr P Howard - Director


Stonerush Limited (Registered number: 14208603)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Stonerush 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.

Revenue
Turnover represents net invoices sale of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of seven 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.

Computer Software is being amortised at 33% on a straight line basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Land is not depreciated, straight line over 50 years and straight line over 20 years
Plant and machinery etc - 25% on reducing balance

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 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.

Stonerush Limited (Registered number: 14208603)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 7 17,663 17,670
AMORTISATION
At 1 September 2023 - 2,967 2,967
Amortisation for year - 5,887 5,887
At 31 August 2024 - 8,854 8,854
NET BOOK VALUE
At 31 August 2024 7 8,809 8,816
At 31 August 2023 7 14,696 14,703

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2023 3,277,754 3,267 28,835
Additions 25,392 692 3,590
Disposals (157,194 ) - -
At 31 August 2024 3,145,952 3,959 32,425
DEPRECIATION
At 1 September 2023 46,779 485 3,614
Charge for year 47,079 811 6,757
Eliminated on disposal (7,033 ) - -
At 31 August 2024 86,825 1,296 10,371
NET BOOK VALUE
At 31 August 2024 3,059,127 2,663 22,054
At 31 August 2023 3,230,975 2,782 25,221

Stonerush Limited (Registered number: 14208603)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 23,984 16,654 3,350,494
Additions - 1,720 31,394
Disposals - - (157,194 )
At 31 August 2024 23,984 18,374 3,224,694
DEPRECIATION
At 1 September 2023 4,997 2,599 58,474
Charge for year 4,747 3,800 63,194
Eliminated on disposal - - (7,033 )
At 31 August 2024 9,744 6,399 114,635
NET BOOK VALUE
At 31 August 2024 14,240 11,975 3,110,059
At 31 August 2023 18,987 14,055 3,292,020

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,622 10,729
Amounts owed by group undertakings 304,058 545,494
Other debtors 111,735 138,853
422,415 695,076

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 49,795 91,474
Amounts owed to group undertakings 3,739,054 4,089,295
Taxation and social security 20,146 8,163
Other creditors 327,860 367,453
4,136,855 4,556,385

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

Stonerush Limited (Registered number: 14208603)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. RESERVES
Retained
earnings
£   

At 1 September 2023 (214,406 )
Deficit for the year (217,188 )
At 31 August 2024 (431,594 )

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Julian Payne BA FCA (Senior Statutory Auditor)
for and on behalf of Clifford Roberts - Statutory Auditor

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The following balances are with group members not wholly owned:

The company owed £192,709 to a company which shares common shareholders and directors. This loans is provided interest free and is repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The controlling party is SRG Park Holdings Limited.

The ultimate controlling party is Mr S Geranio.

These financial statements have been consolidated within SRG Park Holdings Limited group accounts.

Registered Office of SRG Park Holdings Limited is

1 Saxon House
Headway Business Park
Corby
Northamptonshire
NN18 9EZ

13. GOING CONCERN

These accounts have been prepared on the going concern basis on the understanding that there is financial support from the group and ultimate shareholders.