1 June 2023 false No description of principal activity Taxfiler 2024.6 10789592business:PrivateLimitedCompanyLtd2023-06-012024-05-31 107895922023-05-31 107895922023-06-012024-05-31 10789592business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 10789592business:FilletedAccounts2023-06-012024-05-31 107895922024-05-31 10789592business:Director12023-06-012024-05-31 10789592business:Director22023-06-012024-05-31 107895922023-05-31 10789592core:WithinOneYear2024-05-31 10789592core:WithinOneYear2023-05-31 10789592core:AfterOneYear2024-05-31 10789592core:AfterOneYear2023-05-31 10789592core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 10789592core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 10789592core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2024-05-31 10789592core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2023-05-31 10789592core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 10789592core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 10789592core:PreviouslyStatedAmount2024-05-31 10789592core:PreviouslyStatedAmount2023-05-31 10789592business:SmallEntities2023-06-012024-05-31 10789592countries:EnglandWales2023-06-012024-05-31 10789592core:PlantMachinery2023-05-31 10789592core:PlantMachinery2024-05-31 10789592core:PlantMachinery2023-06-012024-05-31 107895922022-06-012023-05-31 iso4217:GBP xbrli:pure
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
Page
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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
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Stallion Developers Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
30,434 
38,043 
Investment property
1,213,208 
1,213,208 
1,243,642 
1,251,251 
Current assets
Debtors
598,481 
599,981 
Cash at bank and in hand
95 
10,830 
598,576 
610,811 
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 
Capital and reserves
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
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Stallion Developers Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 June 2023
40,559 
At 31 May 2024
40,559 
Depreciation
At 1 June 2023
2,516 
Charge for the year
7,609 
At 31 May 2024
10,125 
Net book value
At 31 May 2024
30,434 
At 31 May 2023
38,043 
5
Investment property
2024 
£ 
Fair value at 1 June 2023
1,213,208 
At 31 May 2024
1,213,208 
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Stallion Developers Ltd Notes to the Accounts for the year ended 31 May 2024
6
Debtors
2024 
2023 
£ 
£ 
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 
VAT
12,241 
- 
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 
- 
986,391 
818,318 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,627 
17,869 
Obligations under finance leases and hire purchase contracts
33,572 
38,887 
Other creditors
921,963 
921,963 
Accruals
1,200 
- 
965,362 
978,719 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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