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REGISTERED NUMBER: 10040166 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

STAY NEW HOMES LIMITED

STAY NEW HOMES LIMITED (REGISTERED NUMBER: 10040166)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

STAY NEW HOMES LIMITED

Company Information
for the year ended 31 March 2024







DIRECTOR: M P Sandford





REGISTERED OFFICE: The How
Houghton Road
St Ives
Cambridgeshire
PE27 6RP





REGISTERED NUMBER: 10040166 (England and Wales)





ACCOUNTANTS: Trevor Jones & Partners Ltd
Unit 14
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ

STAY NEW HOMES LIMITED (REGISTERED NUMBER: 10040166)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,215,669 1,215,669

CURRENT ASSETS
Stocks - 1,501,696
Debtors 5 2,649 2,649
Cash at bank 801 801
3,450 1,505,146
CREDITORS
Amounts falling due within one year 6 727,190 727,191
NET CURRENT (LIABILITIES)/ASSETS (723,740 ) 777,955
TOTAL ASSETS LESS CURRENT
LIABILITIES

491,929

1,993,624

CREDITORS
Amounts falling due after more than one
year

7

1,622,660

1,622,660
NET (LIABILITIES)/ASSETS (1,130,731 ) 370,964

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (1,130,831 ) 370,864
SHAREHOLDERS' FUNDS (1,130,731 ) 370,964

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

STAY NEW HOMES LIMITED (REGISTERED NUMBER: 10040166)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 July 2025 and were signed by:





M P Sandford - Director


STAY NEW HOMES LIMITED (REGISTERED NUMBER: 10040166)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Stay New Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Work in progress
Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and attributable overheads.

Speculative projects are included at cost where it can reasonably be expected that those costs will be recovered at some stage in the future. Where such costs are not expected to be recovered, they will be written off as an expense in the period in which they are first identified.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2023
and 31 March 2024 1,215,669
NET BOOK VALUE
At 31 March 2024 1,215,669
At 31 March 2023 1,215,669

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 2,649 2,649

STAY NEW HOMES LIMITED (REGISTERED NUMBER: 10040166)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,705 9,706
Tax 3,959 3,959
Other creditors 194,415 194,415
Directors' loan accounts 516,261 516,261
Accrued expenses 2,850 2,850
727,190 727,191

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 149,105 149,105
Other loans - 2-5 years 1,473,555 1,473,555
1,622,660 1,622,660

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 1,473,555 1,473,555

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The controlling party is M P Sandford.

The ultimate controlling party is M P Sandford.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Stay New Homes Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stay New Homes Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Stay New Homes Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stay New Homes Limited and state those matters that we have agreed to state to the director of Stay New Homes Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stay New Homes Limited and its director for our work or for this report.

It is your duty to ensure that Stay New Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Stay New Homes Limited. You consider that Stay New Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stay New Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Trevor Jones & Partners Ltd
Unit 14
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ


28 July 2025