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Company Registration No. 04135486 (England and Wales)
E. J. Stone Limited Unaudited accounts for the year ended 31 December 2024
E. J. Stone Limited Unaudited accounts Contents
Page
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E. J. Stone Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
52,733 
61,856 
Investment property
3,904,668 
3,510,000 
Investments
1 
1 
3,957,402 
3,571,857 
Current assets
Inventories
25,000 
25,000 
Debtors
45,976 
516,500 
Cash at bank and in hand
246,339 
26,737 
317,315 
568,237 
Creditors: amounts falling due within one year
(816,259)
(822,147)
Net current liabilities
(498,944)
(253,910)
Total assets less current liabilities
3,458,458 
3,317,947 
Provisions for liabilities
Deferred tax
(129,300)
(130,700)
Net assets
3,329,158 
3,187,247 
Capital and reserves
Called up share capital
335,000 
335,000 
Fair value reserve
983,937 
983,937 
Capital redemption reserve
70,000 
70,000 
Profit and loss account
1,940,221 
1,798,310 
Shareholders' funds
3,329,158 
3,187,247 
For the year ending 31 December 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 11 July 2025 and were signed on its behalf by
Conor Celton Clippingdale Director Company Registration No. 04135486
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E. J. Stone Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
E. J. Stone Limited is a private company, limited by shares, registered in England and Wales, registration number 04135486. The registered office is c/o Nicholson & Morgan, Solicitors, 14 Bell Villas, Ponteland, Newcastle upon Tyne, NE20 9BE.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Plant & machinery
10% on cost
Fixtures & fittings
20% on cost
Computer equipment
33.3% on cost
Investment property
Investment property, which is properly held to earn rentals and/or for capital appreciation, is included at market fair value. The surplus or deficit on revaluation is recognised in profit or loss. Deferred taxation is provided on any surpluses at the rate expected to apply when the property is sold. Where market fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit and loss. Reversals of impairment losses are also recognised in profit and loss.
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E. J. Stone Limited Notes to the Accounts for the year ended 31 December 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts and on investment property revaluation surpluses. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
100,511 
224 
970 
101,705 
At 31 December 2024
100,511 
224 
970 
101,705 
Depreciation
At 1 January 2024
38,683 
205 
961 
39,849 
Charge for the year
9,101 
17 
5 
9,123 
At 31 December 2024
47,784 
222 
966 
48,972 
Net book value
At 31 December 2024
52,727 
2 
4 
52,733 
At 31 December 2023
61,828 
19 
9 
61,856 
5
Investment property
2024 
£ 
Fair value at 1 January 2024
3,510,000 
Additions
394,668 
At 31 December 2024
3,904,668 
Investment property comprises land and buildings known as Waterside Court, Wansbeck Garden Centre and 2 Freeman Way, all situated on North Seaton Industrial Estate, Ashington, Northumberland. The fair value of Waterside Court and Wansbeck Garden Centre has been arrived at on the basis of valuations carried out on both properties by Lambert Smith Hampton, Chartered Surveyors, who are not connected with the company, on 23 May 2023 in respect of Waterside Court, and 26 May 2023 in respect of Wansbeck Garden Centre. 2 Freeman Way was purchased on 9 September 2024 for a total cost of £394,668. The directors are of the opinion that the open market value of the investment properties as at the year-end had not materially changed.
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2024
1 
Valuation at 31 December 2024
1 
The investment relates to a wholly owned subsidiary undertaking, Northumberland Luxury Lodges Limited, which was incorporated on 15 February 2021. As at 31 December 2024, Northumberland Luxury Lodges Limited had not commenced trading activities.
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E. J. Stone Limited Notes to the Accounts for the year ended 31 December 2024
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,767 
545 
Accrued income and prepayments
11,193 
1,500 
Other debtors
14,016 
514,455 
45,976 
516,500 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
14,702 
8,355 
Trade creditors
7,554 
9,549 
Taxes and social security
50,046 
34,857 
Other creditors
726,407 
748,586 
Accruals
17,550 
20,800 
816,259 
822,147 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
335,000 Ordinary shares of £1 each
335,000 
335,000 
10
Transactions with related parties
During the year loans totalling £238,694 made in earlier periods to a company under the control of an investor in the company were repaid. During the year loans totalling £261,694 made in earlier periods to a company under the control of key management personnel were repaid. During the year the company repaid £2,500 of loans received in earlier periods from a company under the control of investors in the company. At the year-end, loans from that company, which are interest-free and have no fixed repayment date, totalled £684,998. During the year the company received consultancy services totalling £1,500 from a company under the control of an investor in the company.
11
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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