Stratton-Streles Estates Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00358869

Stratton-Streles Estates Limited

Unaudited financial statements

28 February 2025

Stratton-Streles Estates Limited

Statement of financial position

28 February 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	6,259	6,259
Tangible assets	6	13,875,821	11,944,014
Investments	7	1,759,897	1,474,479
		------------	------------
		15,641,977	13,424,752

Current assets

Stocks		1,088,878	1,088,298
Debtors	8	2,028,477	2,028,221
Cash at bank and in hand		594,376	435,037
		-----------	-----------
		3,711,731	3,551,556

Creditors: Amounts falling due within one year	9	( 1,661,229)		( 1,360,655)
		-----------		-----------
Net current assets			2,050,502		2,190,901
			------------		------------
Total assets less current liabilities			17,692,479		15,615,653

Creditors: Amounts falling due after more than one year	10		( 894,220)		( 1,006,728)

Provisions

Taxation including deferred tax	( 2,281,314)	( 1,791,650)
	------------	------------
Net assets	14,516,945	12,817,275
	------------	------------

Capital and reserves

Called up share capital	11	42,000	42,000
Revaluation reserve		4,489,028	3,787,525
Profit and loss account		9,985,917	8,987,750
		------------	------------
Shareholders funds		14,516,945	12,817,275
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Stratton-Streles Estates Limited

Statement of financial position (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 22 September 2025 , and are signed on behalf of the board by:

Mr J W Van Poortvliet	Mr H W Jarvis
Director	Director

Company registration number: 00358869

Stratton-Streles Estates Limited

Notes to the financial statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales with registration number 00358869 . The address of the registered office is Clee View Baveney Wood, Cleobury Mortimer, Kidderminster, Shropshire, DY14 8JB. The place of business address is Hall Farm, Colby, Norwich, Norfolk, NR11 7EE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents the amounts of goods and services provided during the year exclusive of Value Added Tax. Turnover is recognised when the goods are physically delivered or the services are actually provided to the customer. In respect of long term contracts and contracts for ongoing services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for ongoing services is recognised by reference to the stage of completion.

Deferred tax

Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences .

Operating leases

Lease payments are recognised as an expense over the lease term on a straight line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight line basis. Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Intangible assets

Licences are initially recorded at cost. At the year end they are recorded at the fair value by revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Licences	-	5% and 20% respectively

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Property improvements	-	4% straight line
Plant and machinery	-	10% - 28.13% Reducing balance

Depreciation is not provided on freehold property because the estimated residual values at the time of acquisition were considered to be not materially lower than cost and any depreciation charge would be immaterial.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in the profit or loss.

Investments

Fixed asset investments are initially recorded at cost and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in the profit or loss.

Stocks

Commodity stocks and cultivations are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. The valuation of crops in store and cultivations include an element of depreciation.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of employees during the year was 22 (2024: 21 ).

5. Intangible assets

	Licences
	£
Cost
At 1 March 2024 and 28 February 2025	6,259
	------
Amortisation
At 1 March 2024 and 28 February 2025	–
	------
Carrying amount
At 28 February 2025	6,259
	------
At 29 February 2024	6,259
	------

Licences are measured at fair value. The directors have assessed and determined the value at the reporting date but it can only be reliably tested in the market itself.

6. Tangible assets

	Land and buildings	Plant and machinery	Investment property	Total
	£	£	£	£
Cost or valuation
At 1 March 2024	5,289,778	5,002,455	5,398,332	15,690,565
Additions	–	1,744,642	–	1,744,642
Disposals	( 18,303)	( 698,860)	–	( 717,163)
Revaluations	–	–	981,668	981,668
	-----------	-----------	-----------	------------
At 28 February 2025	5,271,475	6,048,237	6,380,000	17,699,712
	-----------	-----------	-----------	------------
Depreciation
At 1 March 2024	1,223,896	2,522,655	–	3,746,551
Charge for the year	49,038	444,639	–	493,677
Disposals	–	( 416,337)	–	( 416,337)
	-----------	-----------	-----------	------------
At 28 February 2025	1,272,934	2,550,957	–	3,823,891
	-----------	-----------	-----------	------------
Carrying amount
At 28 February 2025	3,998,541	3,497,280	6,380,000	13,875,821
	-----------	-----------	-----------	------------
At 29 February 2024	4,065,882	2,479,800	5,398,332	11,944,014
	-----------	-----------	-----------	------------

Investment properties are measured at fair value. The directors' assess and determine the fair value of the investment properties at each reporting date. The values inevitably have a degree of judgement involved in that each property is unique and value can only ultimately be reliably tested in the market itself.

7. Investments

	Unlisted investments	Listed investments	Total
	£	£	£
Cost
At 1 March 2024	58,903	1,415,576	1,474,479
Additions	279,998	234,044	514,042
Disposals	–	( 289,259)	( 289,259)
Revaluations	–	60,635	60,635
	---------	-----------	-----------
At 28 February 2025	338,901	1,420,996	1,759,897
	---------	-----------	-----------
Impairment
At 1 March 2024 and 28 February 2025	–	–	–
	---------	-----------	-----------

Carrying amount
At 28 February 2025	338,901	1,420,996	1,759,897
	---------	-----------	-----------
At 29 February 2024	58,903	1,415,576	1,474,479
	---------	-----------	-----------

Listed investments are measured at fair value. This is based on the market value at the reporting date; this value will vary depending on the stock market.

8. Debtors

	2025	2024
	£	£
Trade debtors	407,835	521,971
Amounts owed by group undertakings and undertakings in which the company has a participating interest	775,625	872,500
Prepayments and accrued income	622,791	507,554
Other debtors	222,226	126,196
	-----------	-----------
	2,028,477	2,028,221
	-----------	-----------

9. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	134,443	161,512
Trade creditors	383,681	502,709
Accruals and deferred income	82,644	86,188
Corporation tax	270,965	166,855
Social security and other taxes	32,606	22,724
Obligations under finance leases and hire purchase contracts	408,644	234,037
Director loan accounts	103,256	63,261
Other creditors	244,990	123,369
	-----------	-----------
	1,661,229	1,360,655
	-----------	-----------

The obligations under hire purchase agreements and bank loans due within one year are secured by the company.

10. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	380,394	668,370
Obligations under finance leases and hire purchase contracts	513,826	338,358
	---------	-----------
	894,220	1,006,728
	---------	-----------

The obligations under hire purchase agreements and bank loans due after one year are secured by the company

11. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 0.50 each	84,000	42,000	84,000	42,000
	-------	-------	-------	-------