IRIS Accounts Production v25.1.4.42 09367795 director 1.4.24 31.3.25 31.3.25 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093677952024-03-31093677952025-03-31093677952024-04-012025-03-31093677952023-03-31093677952023-04-012024-03-31093677952024-03-3109367795ns15:EnglandWales2024-04-012025-03-3109367795ns14:PoundSterling2024-04-012025-03-3109367795ns10:Director12024-04-012025-03-3109367795ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3109367795ns10:SmallEntities2024-04-012025-03-3109367795ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3109367795ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3109367795ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3109367795ns10:FullAccounts2024-04-012025-03-3109367795ns10:OrdinaryShareClass12024-04-012025-03-3109367795ns10:RegisteredOffice2024-04-012025-03-3109367795ns5:CurrentFinancialInstruments2025-03-3109367795ns5:CurrentFinancialInstruments2024-03-3109367795ns5:Non-currentFinancialInstruments2025-03-3109367795ns5:Non-currentFinancialInstruments2024-03-3109367795ns5:ShareCapital2025-03-3109367795ns5:ShareCapital2024-03-3109367795ns5:RevaluationReserve2025-03-3109367795ns5:RevaluationReserve2024-03-3109367795ns5:FurtherSpecificReserve1ComponentTotalEquity2025-03-3109367795ns5:FurtherSpecificReserve1ComponentTotalEquity2024-03-3109367795ns5:RetainedEarningsAccumulatedLosses2025-03-3109367795ns5:RetainedEarningsAccumulatedLosses2024-03-3109367795ns5:LandBuildings2024-04-012025-03-3109367795ns5:PlantMachinery2024-04-012025-03-3109367795ns5:LandBuildings2024-03-3109367795ns5:PlantMachinery2024-03-3109367795ns5:LandBuildings2025-03-3109367795ns5:PlantMachinery2025-03-3109367795ns5:LandBuildings2024-03-3109367795ns5:PlantMachinery2024-03-3109367795ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3109367795ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3109367795ns5:Non-currentFinancialInstruments2024-04-012025-03-3109367795ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2025-03-3109367795ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3109367795ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2025-03-3109367795ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3109367795ns10:OrdinaryShareClass12025-03-3109367795ns5:RetainedEarningsAccumulatedLosses2024-03-3109367795ns5:RevaluationReserve2024-03-3109367795ns5:FurtherSpecificReserve1ComponentTotalEquity2024-03-3109367795ns5:RetainedEarningsAccumulatedLosses2024-04-012025-03-31
REGISTERED NUMBER: 09367795 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

STOREY REAL ESTATE INVESTMENTS LTD

STOREY REAL ESTATE INVESTMENTS LTD (REGISTERED NUMBER: 09367795)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STOREY REAL ESTATE INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: J E C Storey





REGISTERED OFFICE: 35 Court Hill
South Croydon
Surrey
CR2 9ND





REGISTERED NUMBER: 09367795 (England and Wales)





ACCOUNTANTS: Jardines
Chartered Certified Accountants
73 Park Lane
Croydon
Surrey
CR0 1JG

STOREY REAL ESTATE INVESTMENTS LTD (REGISTERED NUMBER: 09367795)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 382,499 366,681

CURRENT ASSETS
Debtors 5 1,539 1,522
Cash at bank 1,986 2,620
3,525 4,142
CREDITORS
Amounts falling due within one year 6 149,535 149,968
NET CURRENT LIABILITIES (146,010 ) (145,826 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

236,489

220,855

CREDITORS
Amounts falling due after more than one
year

7

108,550

116,270
NET ASSETS 127,939 104,585

CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 - 59,000
Non-distributable reserve 10 74,818 -
Retained earnings 10 53,120 45,584
SHAREHOLDERS' FUNDS 127,939 104,585

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

STOREY REAL ESTATE INVESTMENTS LTD (REGISTERED NUMBER: 09367795)

BALANCE SHEET - continued
31 MARCH 2025


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 12 August 2025 and were signed by:





J E C Storey - Director


STOREY REAL ESTATE INVESTMENTS LTD (REGISTERED NUMBER: 09367795)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Storey Real Estate Investments Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

STOREY REAL ESTATE INVESTMENTS LTD (REGISTERED NUMBER: 09367795)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2024 366,681 1,747 368,428
Revaluations 15,818 - 15,818
At 31 March 2025 382,499 1,747 384,246
DEPRECIATION
At 1 April 2024
and 31 March 2025 - 1,747 1,747
NET BOOK VALUE
At 31 March 2025 382,499 - 382,499
At 31 March 2024 366,681 - 366,681

Cost or valuation at 31 March 2025 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2018 59,000 - 59,000
Valuation in 2025 15,818 - 15,818
Cost 307,681 1,747 309,428
382,499 1,747 384,246

If the long leaseholds had not been revalued they would have been included at the following historical cost:

2025 2024
£    £   
Cost 307,681 307,681

Long leasehold assets were valued on an open market basis on 31 March 2025 by Adair Paxton Estate Agents .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 1,539 1,522

STOREY REAL ESTATE INVESTMENTS LTD (REGISTERED NUMBER: 09367795)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 8) 7,720 7,720
Taxation and social security 1,768 1,755
Other creditors 140,047 140,493
149,535 149,968

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans (see note 8) 108,550 116,270

The company part financed the purchase of the properties owned with loans from Handelsbanken. The company has two loans outstanding. The terms of the loans are:

Loan 1:
Capital balance as at 31st March 2025: £40,600
Repayments: Interest and capital
Interest rate : Current rate of interest 7.83%

Loan 2
Capital balance as at 31st March 2025: £75,670
Repayments: Interest and capital
Interest rate : Current rate of interest 7.83%

Total capital outstanding:
31st March 2025 £116,270 (2024 : £123,990).

8. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank loans 7,720 7,720

Amounts falling due between one and two years:
Bank loans - 1-2 years 74,810 79,670

Amounts falling due between two and five years:
Bank loans - 2-5 years 33,740 36,600

The loan from Handelsbanken is secured against the leasehold property.

STOREY REAL ESTATE INVESTMENTS LTD (REGISTERED NUMBER: 09367795)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1 Ordinary 1 1 1

10. RESERVES
Retained Revaluation Non-distributable
earnings reserve reserve Totals
£    £    £    £   

At 1 April 2024 45,584 59,000 - 104,584
Profit for the year 23,354 23,354
Leasehold properties (15,818 ) (59,000 ) 74,818 -
At 31 March 2025 53,120 - 74,818 127,938

The company has transferred £15,818 from retained earnings to an unrealised gain reserve in respect of the revaluation of investment property. This reserve is treated as undistributable under company law.

During the year, the directors resolved to transfer the balance of £59,000 previously held in the Revaluation Reserve to a Non-distributable Reserve.

This transfer reflects the unrealised nature of the gain arising from the fair value adjustment of investment property under FRS 102 Section 16, and ensures that the amount is not treated as available for distribution under company law.

The transfer has no impact on the reported profit or net assets for the year.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director provided the company with interest free loans to assist with the purchase of the properties. The balance outstanding on these loans at 31st March 2025 was £137,499 (2024: £137,499).

No repayments were made during the year.

12. ULTIMATE CONTROLLING PARTY

The controlling party is J E C Storey.

The ultimate controlling party is J E C Storey.