25 false false false false false false false false false false true false false false false false false No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2024 - FRS102_2024 343,506 1,003,045 1,346,551 1,346,551 343,506 xbrli:pure xbrli:shares iso4217:GBP 13022074 2023-12-01 2024-11-30 13022074 2024-11-30 13022074 2023-11-30 13022074 2022-12-01 2023-11-30 13022074 2023-11-30 13022074 2022-11-30 13022074 bus:Director2 2023-12-01 2024-11-30 13022074 core:PlantMachinery 2023-11-30 13022074 core:MotorVehicles 2023-11-30 13022074 core:PlantMachinery 2024-11-30 13022074 core:MotorVehicles 2024-11-30 13022074 core:PlantMachinery 2023-12-01 2024-11-30 13022074 core:MotorVehicles 2023-12-01 2024-11-30 13022074 core:WithinOneYear 2024-11-30 13022074 core:WithinOneYear 2023-11-30 13022074 core:AfterOneYear 2024-11-30 13022074 core:ShareCapital 2024-11-30 13022074 core:ShareCapital 2023-11-30 13022074 core:RetainedEarningsAccumulatedLosses 2024-11-30 13022074 core:RetainedEarningsAccumulatedLosses 2023-11-30 13022074 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 13022074 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-11-30 13022074 core:CostValuation core:Non-currentFinancialInstruments 2024-11-30 13022074 core:Non-currentFinancialInstruments 2024-11-30 13022074 core:Non-currentFinancialInstruments 2023-11-30 13022074 core:PlantMachinery 2023-11-30 13022074 core:MotorVehicles 2023-11-30 13022074 bus:Director1 2023-12-01 2024-11-30 13022074 bus:SmallEntities 2023-12-01 2024-11-30 13022074 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 13022074 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 13022074 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 13022074 bus:FullAccounts 2023-12-01 2024-11-30 13022074 core:ToolsEquipment 2023-11-30 13022074 core:ToolsEquipment 2024-11-30 13022074 core:ToolsEquipment 2023-12-01 2024-11-30
COMPANY REGISTRATION NUMBER: 13022074
STAIRS PROPERTY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 November 2024
STAIRS PROPERTY LIMITED
STATEMENT OF FINANCIAL POSITION
30 November 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
558,961
1,040,985
Investments
6
1,346,551
343,506
------------
------------
1,905,512
1,384,491
CURRENT ASSETS
Debtors
7
313,543
210,811
Cash at bank and in hand
674,127
354,032
---------
---------
987,670
564,843
CREDITORS: amounts falling due within one year
8
647,335
209,979
---------
---------
NET CURRENT ASSETS
340,335
354,864
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
2,245,847
1,739,355
CREDITORS: amounts falling due after more than one year
9
29,305
PROVISIONS
139,740
260,247
------------
------------
NET ASSETS
2,076,802
1,479,108
------------
------------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Profit and loss account
2,076,702
1,479,008
------------
------------
SHAREHOLDERS FUNDS
2,076,802
1,479,108
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
STAIRS PROPERTY LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 November 2024
These financial statements were approved by the board of directors and authorised for issue on 23 May 2025 , and are signed on behalf of the board by:
Mr C E Stairs
Director
Company registration number: 13022074
STAIRS PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England. The address of the registered office is The Plantation, Broomhill, East Runton, Cromer, Norfolk, NR27 9PF.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
1/3 Straight Line
Motor vehicles
-
1/3 Straight Line
Equipment
-
1/3 Straight Line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 25 (2023: 25 ).
5. TANGIBLE ASSETS
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 December 2023
404,674
1,260,707
32,508
1,697,889
Additions
154,173
136,645
290,818
Disposals
( 78,923)
( 251,999)
( 330,922)
---------
------------
--------
------------
At 30 November 2024
479,924
1,145,353
32,508
1,657,785
---------
------------
--------
------------
Depreciation
At 1 December 2023
232,895
408,635
15,374
656,904
Charge for the year
136,460
383,183
10,825
530,468
Disposals
( 88,548)
( 88,548)
---------
------------
--------
------------
At 30 November 2024
369,355
703,270
26,199
1,098,824
---------
------------
--------
------------
Carrying amount
At 30 November 2024
110,569
442,083
6,309
558,961
---------
------------
--------
------------
At 30 November 2023
171,779
852,072
17,134
1,040,985
---------
------------
--------
------------
6. INVESTMENTS
Other investments other than loans
£
Cost
At 1 December 2023
343,506
Additions
1,003,045
------------
At 30 November 2024
1,346,551
------------
Impairment
At 1 December 2023 and 30 November 2024
------------
Carrying amount
At 30 November 2024
1,346,551
------------
At 30 November 2023
343,506
------------
7. DEBTORS
2024
2023
£
£
Trade debtors
309,330
205,852
Other debtors
4,213
4,959
---------
---------
313,543
210,811
---------
---------
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
5,955
18,223
Corporation tax
320,738
164,764
Social security and other taxes
18,409
13,976
Other creditors
302,233
13,016
---------
---------
647,335
209,979
---------
---------
9. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Other creditors
29,305
--------
----