Silverfin false false 30/11/2024 01/12/2023 30/11/2024 Mrs J Boulter 13/11/2014 Mr H Boulter 13/11/2014 Mrs E Rooth 13/11/2014 Mr J Rooth 13/11/2014 22 August 2025 The principal activity of the company is commercial property agents. 09309933 2024-11-30 09309933 bus:Director1 2024-11-30 09309933 bus:Director2 2024-11-30 09309933 bus:Director3 2024-11-30 09309933 bus:Director4 2024-11-30 09309933 2023-11-30 09309933 core:CurrentFinancialInstruments 2024-11-30 09309933 core:CurrentFinancialInstruments 2023-11-30 09309933 core:ShareCapital 2024-11-30 09309933 core:ShareCapital 2023-11-30 09309933 core:RetainedEarningsAccumulatedLosses 2024-11-30 09309933 core:RetainedEarningsAccumulatedLosses 2023-11-30 09309933 core:Goodwill 2023-11-30 09309933 core:Goodwill 2024-11-30 09309933 core:OfficeEquipment 2023-11-30 09309933 core:OfficeEquipment 2024-11-30 09309933 bus:OrdinaryShareClass1 2024-11-30 09309933 bus:OrdinaryShareClass2 2024-11-30 09309933 bus:OrdinaryShareClass3 2024-11-30 09309933 bus:OrdinaryShareClass4 2024-11-30 09309933 2023-12-01 2024-11-30 09309933 bus:FilletedAccounts 2023-12-01 2024-11-30 09309933 bus:SmallEntities 2023-12-01 2024-11-30 09309933 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 09309933 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09309933 bus:Director1 2023-12-01 2024-11-30 09309933 bus:Director2 2023-12-01 2024-11-30 09309933 bus:Director3 2023-12-01 2024-11-30 09309933 bus:Director4 2023-12-01 2024-11-30 09309933 core:Goodwill core:TopRangeValue 2023-12-01 2024-11-30 09309933 core:OfficeEquipment core:TopRangeValue 2023-12-01 2024-11-30 09309933 2022-12-01 2023-11-30 09309933 core:Goodwill 2023-12-01 2024-11-30 09309933 core:OfficeEquipment 2023-12-01 2024-11-30 09309933 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 09309933 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 09309933 bus:OrdinaryShareClass2 2023-12-01 2024-11-30 09309933 bus:OrdinaryShareClass2 2022-12-01 2023-11-30 09309933 bus:OrdinaryShareClass3 2023-12-01 2024-11-30 09309933 bus:OrdinaryShareClass3 2022-12-01 2023-11-30 09309933 bus:OrdinaryShareClass4 2023-12-01 2024-11-30 09309933 bus:OrdinaryShareClass4 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09309933 (England and Wales)

STAUNTON PROPERTY LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

STAUNTON PROPERTY LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

STAUNTON PROPERTY LIMITED

BALANCE SHEET

As at 30 November 2024
STAUNTON PROPERTY LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 1,834 7,334
Tangible assets 4 3,702 6,665
5,536 13,999
Current assets
Debtors 5 197,907 213,146
Cash at bank and in hand 75,257 160,684
273,164 373,830
Creditors: amounts falling due within one year 6 ( 264,437) ( 385,424)
Net current assets/(liabilities) 8,727 (11,594)
Total assets less current liabilities 14,263 2,405
Provision for liabilities ( 926) ( 1,500)
Net assets 13,337 905
Capital and reserves
Called-up share capital 7 120 120
Profit and loss account 13,217 785
Total shareholders' funds 13,337 905

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Staunton Property Limited (registered number: 09309933) were approved and authorised for issue by the Board of Directors on 22 August 2025. They were signed on its behalf by:

Mr J Rooth
Director
Mr H Boulter
Director
STAUNTON PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
STAUNTON PROPERTY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Staunton Property Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Culver Combe, Chudleigh, TQ13 0EL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the provision of services to customers.

Employee benefits

Defined contribution schemes
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to define contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 5 years straight line
Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 December 2023 55,000 55,000
At 30 November 2024 55,000 55,000
Accumulated amortisation
At 01 December 2023 47,666 47,666
Charge for the financial year 5,500 5,500
At 30 November 2024 53,166 53,166
Net book value
At 30 November 2024 1,834 1,834
At 30 November 2023 7,334 7,334

4. Tangible assets

Office equipment Total
£ £
Cost
At 01 December 2023 22,906 22,906
At 30 November 2024 22,906 22,906
Accumulated depreciation
At 01 December 2023 16,241 16,241
Charge for the financial year 2,963 2,963
At 30 November 2024 19,204 19,204
Net book value
At 30 November 2024 3,702 3,702
At 30 November 2023 6,665 6,665

5. Debtors

2024 2023
£ £
Trade debtors 110,719 38,652
Other debtors 87,188 174,494
197,907 213,146

£16,640 (2023: £116,640) of a loan made to an associated company is classified as non current. The loan is interest free and repayable on 1 August 2027.

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 707 1,336
Amounts owed to associates 9,714 9,714
Amounts owed to directors 2,389 31,301
Accruals 4,603 78,298
Taxation and social security 165,664 183,415
Other creditors 81,360 81,360
264,437 385,424

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
30 Ordinary A shares of £ 1.00 each 30 30
30 Ordinary B shares of £ 1.00 each 30 30
30 Ordinary C shares of £ 1.00 each 30 30
30 Ordinary D shares of £ 1.00 each 30 30
120 120