Company Registration No. 10789592 (England and Wales)
Stallion Developers Ltd
Unaudited accounts
for the year ended 31 May 2024
Stallion Developers Ltd
Unaudited accounts
Contents
Stallion Developers Ltd
Company Information
for the year ended 31 May 2024
Directors
Amandeep Singh JOHAL
Chandeep Singh JOHAL
Company Number
10789592 (England and Wales)
Accountants
QUALIFIED ACCOUNTANTS LIMITED
89 Oakfield Road
Southgate
London
N14 6LT
Stallion Developers Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
30,434
38,043
Investment property
1,213,208
1,213,208
Cash at bank and in hand
95
10,830
Creditors: amounts falling due within one year
(986,391)
(818,318)
Net current liabilities
(387,815)
(207,507)
Total assets less current liabilities
855,827
1,043,744
Creditors: amounts falling due after more than one year
(965,362)
(978,719)
Provisions for liabilities
Other provisions
(15,568)
(15,568)
Net (liabilities)/assets
(125,103)
49,457
Called up share capital
100
100
Fair value reserve
69,443
69,443
Profit and loss account
(194,646)
(20,086)
Shareholders' funds
(125,103)
49,457
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
Amandeep Singh JOHAL
Director
Company Registration No. 10789592
Stallion Developers Ltd
Notes to the Accounts
for the year ended 31 May 2024
Stallion Developers Ltd is a private company, limited by shares, registered in England and Wales, registration number 10789592.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Fair value at 1 June 2023
1,213,208
Stallion Developers Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Other debtors
598,481
599,981
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,014
9,014
Trade creditors
53,704
13,709
Taxes and social security
2,484
(4,084)
Other creditors
804,993
799,679
Loans from directors
103,955
-
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
33,572
38,887
Other creditors
921,963
921,963
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).