REGISTERED NUMBER: 13070070 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Stoneminster Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

F G Biss

H J A Jeffery

REGISTERED OFFICE:

Suite B

Blackdown House

Blackbrook Park Avenue

Taunton

Somerset

TA1 2PX

REGISTERED NUMBER:

13070070 (England and Wales)

FIXED ASSETS

Investment property

4

274,999

70,000

CURRENT ASSETS

Debtors

5

627

2,301

Cash at bank

13,968

21,076

14,595

23,377

CREDITORS

Amounts falling due within one year

6

263,374

64,689

NET CURRENT LIABILITIES

(248,779

)

(41,312

)

TOTAL ASSETS LESS CURRENT LIABILITIES

26,220

28,688

PROVISIONS FOR LIABILITIES

8

2,468

2,468

NET ASSETS

23,752

26,220

CAPITAL AND RESERVES

Called up share capital

9

100

100

Fair value reserve

10

7,405

7,405

Retained earnings

10

16,247

18,715

SHAREHOLDERS' FUNDS

23,752

26,220

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 9 July 2025 and were signed on its behalf by:

F G Biss - Director

H J A Jeffery - Director

1.	STATUTORY INFORMATION

Stoneminster Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 comprises rental income receivable for the period adjusted for amounts receivable in advance.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 (2023 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

70,000

Additions

204,999

At 31 December 2024

274,999

NET BOOK VALUE

At 31 December 2024

274,999

At 31 December 2023

70,000

The property has been revalued by the directors who are not professionaly qualified valuers.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2023

9,873

Cost

265,126

274,999

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

2,250

Prepayments and accrued income

627

51

627

2,301

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

134,148

-

Corporation tax

-

1,227

Other creditors

45,000

-

Directors' current accounts

81,596

62,172

Accruals and deferred income

2,630

1,290

263,374

64,689

7.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

134,148

-

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

2,468

2,468

Deferred

tax

£

Balance at 1 January 2024

2,468

Balance at 31 December 2024

2,468

The deferred provision of £2,468 has been made in respect of the 2023 revaluation of the property in the year using the standard rate of corporation tax of 25%.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1.00

100

100

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2024

18,715

7,405

26,120

Deficit for the year

(2,468

)

(2,468

)

At 31 December 2024

16,247

7,405

23,652

11.	RELATED PARTY DISCLOSURES

Included within creditors at the year end are directors loan accounts of £81,596 (2022: £62,172) which are repayable on demand and interest free.

Included within creditors is a loan of £25,000 (2023: Nil) due to a company controlled by family of a director and a loan of £20,000 (2023: Nil) due to family of a director.