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REGISTERED NUMBER: 00278403 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Staveley Garages Limited
Staveley Garages Limited (Registered number: 00278403)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Staveley Garages Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs J Howes
Mrs A Howes
C Howes





SECRETARY: Mrs J Howes





REGISTERED OFFICE: 28 Eastfield Place
Sutton-in-Craven
Keighley
West Yorkshire
BD20 7EX





REGISTERED NUMBER: 00278403 (England and Wales)





1
Staveley Garages Limited (Registered number: 00278403)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 72,138 72,138
Investment property 5 502,260 457,820
574,398 529,958

CURRENT ASSETS
Debtors 6 1,101 363
Cash at bank and in hand 118,611 76,579
119,712 76,942
CREDITORS
Amounts falling due within one year 7 121,139 106,336
NET CURRENT LIABILITIES (1,427 ) (29,394 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
572,971
500,564

PROVISIONS FOR LIABILITIES 1 1
NET ASSETS 572,970 500,563

CAPITAL AND RESERVES
Called up share capital 535,000 535,000
Capital redemption reserve 365,000 365,000
Fair value reserve 8 172,260 127,820
Retained earnings (499,290 ) (527,257 )
572,970 500,563

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 16 September 2025 and were signed on its behalf by:





Mrs J Howes - Director


The notes form part of these financial statements

2
Staveley Garages Limited (Registered number: 00278403)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at fair value

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. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 January 2024
and 31 December 2024 72,138
NET BOOK VALUE
At 31 December 2024 72,138
At 31 December 2023 72,138

3 continued...
Staveley Garages Limited (Registered number: 00278403)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2018 (151,283 )
Valuation in 2019 (1,450 )
Cost 224,871
72,138

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 457,820
Revaluations 44,440
At 31 December 2024 502,260
NET BOOK VALUE
At 31 December 2024 502,260
At 31 December 2023 457,820

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2018 38,817
Valuation in 2019 9,943
Valuation in 2020 26,998
Valuation in 2021 27,554
Valuation in 2022 35,288
Valuation in 2023 (10,780 )
Valuation in 2024 44,440
Cost 330,000
502,260

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 1,101 363

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 86,091 86,091
Taxation and social security 400 400
Other creditors 34,648 19,845
121,139 106,336

4 continued...
Staveley Garages Limited (Registered number: 00278403)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. RESERVES
Fair
value
reserve
£   
At 1 January 2024 127,820
FV adjustment 44,440

At 31 December 2024 172,260

5