6 false false false false false false false false false false true false false false false false true No description of principal activity 2023-08-31 Sage Accounts Production Advanced 2023 - FRS102_2023 50,000 50,000 163,200 163,200 163,200 xbrli:pure xbrli:shares iso4217:GBP 04874468 2023-08-31 2024-08-29 04874468 2024-08-29 04874468 2023-08-30 04874468 2022-08-31 2023-08-30 04874468 2023-08-30 04874468 2022-08-30 04874468 core:NetGoodwill 2023-08-31 2024-08-29 04874468 core:LandBuildings core:LongLeaseholdAssets 2023-08-31 2024-08-29 04874468 core:FurnitureFittings 2023-08-31 2024-08-29 04874468 bus:Director1 2023-08-31 2024-08-29 04874468 core:NetGoodwill 2024-08-29 04874468 core:LandBuildings core:LongLeaseholdAssets 2023-08-30 04874468 core:FurnitureFittings 2023-08-30 04874468 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-29 04874468 core:LandBuildings core:LongLeaseholdAssets 2024-08-29 04874468 core:FurnitureFittings 2024-08-29 04874468 core:AfterOneYear 2024-08-29 04874468 core:AfterOneYear 2023-08-30 04874468 core:WithinOneYear 2024-08-29 04874468 core:WithinOneYear 2023-08-30 04874468 core:ShareCapital 2024-08-29 04874468 core:ShareCapital 2023-08-30 04874468 core:RetainedEarningsAccumulatedLosses 2024-08-29 04874468 core:RetainedEarningsAccumulatedLosses 2023-08-30 04874468 core:CostValuation core:Non-currentFinancialInstruments 2024-08-29 04874468 core:Non-currentFinancialInstruments 2024-08-29 04874468 core:Non-currentFinancialInstruments 2023-08-30 04874468 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-30 04874468 core:LandBuildings core:LongLeaseholdAssets 2023-08-30 04874468 core:FurnitureFittings 2023-08-30 04874468 bus:SmallEntities 2023-08-31 2024-08-29 04874468 bus:AuditExemptWithAccountantsReport 2023-08-31 2024-08-29 04874468 bus:SmallCompaniesRegimeForAccounts 2023-08-31 2024-08-29 04874468 bus:PrivateLimitedCompanyLtd 2023-08-31 2024-08-29 04874468 bus:FullAccounts 2023-08-31 2024-08-29 04874468 core:ComputerEquipment 2023-08-31 2024-08-29 04874468 core:ComputerEquipment 2024-08-29 04874468 core:ComputerEquipment 2023-08-30
COMPANY REGISTRATION NUMBER: 04874468
STONEHOUSE PROPERTY INVESTMENT SERVICES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
29 August 2024
STONEHOUSE PROPERTY INVESTMENT SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION
29 August 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
6
1,311,176
1,312,687
Investments
7
163,200
163,200
------------
------------
1,474,376
1,475,887
CURRENT ASSETS
Debtors
8
1,549,161
967,183
Cash at bank and in hand
236,949
223,763
------------
------------
1,786,110
1,190,946
CREDITORS: amounts falling due within one year
9
( 519,889)
( 151,270)
------------
------------
NET CURRENT ASSETS
1,266,221
1,039,676
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
2,740,597
2,515,563
CREDITORS: amounts falling due after more than one year
10
( 205,907)
( 213,144)
PROVISIONS
Taxation including deferred tax
( 2,693)
( 2,520)
------------
------------
NET ASSETS
2,531,997
2,299,899
------------
------------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
2,531,897
2,299,799
------------
------------
SHAREHOLDER FUNDS
2,531,997
2,299,899
------------
------------
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 period ending 29 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
STONEHOUSE PROPERTY INVESTMENT SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
29 August 2024
These financial statements were approved by the board of directors and authorised for issue on 2 July 2025 , and are signed on behalf of the board by:
S. D. Harris
Director
Company registration number: 04874468
STONEHOUSE PROPERTY INVESTMENT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD ENDED 29 AUGUST 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Victoria Road, Leeds, LS6 1AS.
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.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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:
Leasehold Property improvements
-
5% straight line
Fixtures & Fittings
-
15% reducing balance
Computer Equipment
-
33% straight line
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its open market value at each reporting date and any changes in value are recognised in the statement of income and retained earnings.
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 and loss.
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 transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 6 (2023: 6 ).
5. INTANGIBLE ASSETS
Goodwill
£
Cost
At 31 August 2023 and 29 August 2024
50,000
--------
Amortisation
At 31 August 2023 and 29 August 2024
50,000
--------
Carrying amount
At 29 August 2024
--------
At 30 August 2023
--------
6. TANGIBLE ASSETS
Investment property
Long leasehold property
Fixtures and fittings
Equipment
Total
£
£
£
£
£
Cost
At 31 August 2023 and 29 August 2024
1,300,405
2,903
31,606
18,791
1,353,705
------------
-------
--------
--------
------------
Depreciation
At 31 August 2023
325
21,902
18,791
41,018
Charge for the period
54
1,457
1,511
------------
-------
--------
--------
------------
At 29 August 2024
379
23,359
18,791
42,529
------------
-------
--------
--------
------------
Carrying amount
At 29 August 2024
1,300,405
2,524
8,247
1,311,176
------------
-------
--------
--------
------------
At 30 August 2023
1,300,405
2,578
9,704
1,312,687
------------
-------
--------
--------
------------
The investment properties have been valued on an open market basis by the director as at 29 August 2024.
7. INVESTMENTS
Other investments other than loans
£
Cost
At 31 August 2023 and 29 August 2024
163,200
---------
Impairment
At 31 August 2023 and 29 August 2024
---------
Carrying amount
At 29 August 2024
163,200
---------
At 30 August 2023
163,200
---------
8. DEBTORS
2024
2023
£
£
Trade debtors
39,590
37,710
Other debtors
1,509,571
929,473
------------
---------
1,549,161
967,183
------------
---------
9. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
43,520
8,885
Corporation tax
222,131
76,024
Social security and other taxes
22,409
38,251
Other creditors
231,829
28,110
---------
---------
519,889
151,270
---------
---------
10. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
205,907
213,144
---------
---------