I&M Stamford Properties Ltd - Filleted accounts

Registered number

11241135

I&M Stamford Properties Ltd

Filleted Accounts

31 March 2025

I&M Stamford Properties Ltd
Registered number:		11241135
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		932			1,965
Tangible assets	4		762			406
Investments	5		376,300			-
			377,994			2,371

Current assets
Debtors	6	1,767			30,498
Cash at bank and in hand		4,672			3,018
		6,439			33,516

Creditors: amounts falling due within one year	7	(325,317)			(4,544)

Net current (liabilities)/assets			(318,878)			28,972

Total assets less current liabilities			59,116			31,343


Provisions for liabilities			(145)			(77)


Net assets			58,971			31,266

Capital and reserves
Called up share capital			100			100
Profit and loss account			58,871			31,166

Shareholders' funds			58,971			31,266

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Ian Stamford
Director
Approved by the board on 19 September 2025

I&M Stamford Properties Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		2		2


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 April 2024				6,076
	At 31 March 2025				6,076

	Amortisation
	At 1 April 2024				4,111
	Provided during the year				1,033
	At 31 March 2025				5,144

	Net book value
	At 31 March 2025				932
	At 31 March 2024				1,965

	Goodwill is being written off in equal annual instalments over its estimated economic life of 6 years.


4	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				1,065
	Additions				610
	At 31 March 2025				1,675

	Depreciation
	At 1 April 2024				659
	Charge for the year				254
	At 31 March 2025				913

	Net book value
	At 31 March 2025				762
	At 31 March 2024				406


5	Investments

Other
investments
£
	Cost
	Additions				376,300

	At 31 March 2025				376,300


6	Debtors		2025		2024
£				£

	Other debtors		1,767		30,498


7	Creditors: amounts falling due within one year		2025		2024
£				£

	Taxation and social security costs		6,673		3,884
	Other creditors		318,644		660
			325,317		4,544


8	Basis of preparation

	At the period end, the company’s balance sheet showed net current liabilities of £318,878. This includes £317,951 payable to Mr Ian Stamford & Mrs Marilyn Stamford, directors. The directors have indicated that they will continue to support the company financially until such time that it can afford to repay them. On this basis, the directors feel it is appropriate that the accounts are prepared on a going concern basis.


9	Related party transactions

	At the period end, the company owed £317,951 (2024: £28,731 owed by) to Mr Ian Fredrick Stamford and Mrs Marilyn stamford, directors. The loan is interest free and payable on demand.


10	Controlling party

	The company is ultimately controlled by Mr Ian Fredrick Stamford and Mrs Marilyn Stamford, directors, who together own 50% of the issued share capital.


11	Other information

	I&M Stamford Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Tre-Ru House
	The Leats
	Truro
	Cornwall
	TR1 3AG