REGISTERED NUMBER: 00167923 (England and Wales)

Financial Statements for the Year Ended 31 January 2025

for

Stratfords Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

Fixed assets

Tangible assets

5

614,521

598,666

Current assets

Stocks

357,367

296,665

Debtors

6

375,893

207,429

Cash at bank and in hand

1,369

110,409

734,629

614,503

Creditors

Amounts falling due within one year

7

(397,650

)

(207,421

)

Net current assets

336,979

407,082

Total assets less current liabilities

951,500

1,005,748

Creditors

Amounts falling due after more than one year

8

(240,517

)

(128,481

)

Net assets

710,983

877,267

Capital and reserves

Called up share capital

31,025

31,025

Share premium

83,976

83,976

Retained earnings

595,982

762,266

710,983

877,267

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Mr P A J Croker - Director

1.	Statutory information

Stratfords Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00167923

Registered office:

22-26 King Street

King's Lynn

Norfolk

PE30 1HJ

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

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

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. Figures are rounded to the nearest whole pound sterling.

Going concern

The company remains reliant on the continued financial support of the Audrey Muriel Stratford Charitable Trust in order to maintain its operations. The directors have carefully assessed the company's current financial position and future projections, and based on the ongoing backing from the Trust, they have a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancements, future investments, economic utilisation and the physical condition of the assets. See note 6 for the carrying amount of tangible assets and note 3 for the useful economic lives for each class of assets.

(ii) Taxation

The company establishes provisions based on reasonable estimates, for possible consequences of audits by the tax authorities. The amount of such provisions is based on various factors, such as experience with previous tax audits and differing interpretations of tax regulations by the taxable entity and the responsible tax authority.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced and accrued during the year, generated through the company's principal activities in the United Kingdom. Where appropriate amounts are shown excluding value added tax.

Turnover from shop sales is recognised at the point at which the goods are provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

2% straight line

Plant and machinery

-

15% p.a. reducing balance

Fixtures and fittings

-

15% p.a. reducing balance

Motor vehicles

-

25% p.a. reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	Employees and directors

The average number of employees during the year was 18 (2024 - 18 ) .

5.	Tangible fixed assets

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

Cost

At 1 February 2024

561,928

116,664

53,817

117,464

849,873

Additions

16,880

11,400

500

30,880

59,660

Disposals

-

-

-

(39,279

)

(39,279

)

At 31 January 2025

578,808

128,064

54,317

109,065

870,254

Depreciation

At 1 February 2024

91,849

64,650

34,407

60,301

251,207

Charge for year

4,039

8,662

2,974

18,383

34,058

Eliminated on disposal

-

-

-

(29,532

)

(29,532

)

At 31 January 2025

95,888

73,312

37,381

49,152

255,733

Net book value

At 31 January 2025

482,920

54,752

16,936

59,913

614,521

At 31 January 2024

470,079

52,014

19,410

57,163

598,666

Included within tangible fixed assets are investment properties included at their fair value of £360,000. This valuation was ascertained by the directors of the entity as at 31 January 2020. The directors believe this value to be appropriate as at 31 January 2025.

The freehold properties were revalued by Geoffrey Collings & Co at £35,000 on the 22nd October 1998. The valuation was on an existing use basis for all properties.

6.

Debtors: amounts falling due within one year

31.1.25

31.1.24

£

£

Trade debtors

283,136

163,229

Other debtors

92,757

44,200

375,893

207,429

7.

Creditors: amounts falling due within one year

31.1.25

31.1.24

£

£

Bank loans and overdrafts

141,164

-

Hire purchase contracts

18,739

10,185

Trade creditors

180,122

149,883

Taxation and social security

24,232

18,909

Other creditors

33,393

28,444

397,650

207,421

Included within creditors are hire purchase balances of £18,739 (2024 - £10,185), which are secured over the assets to which they relate.

8.

Creditors: amounts falling due after more than one year

31.1.25

31.1.24

£

£

Hire purchase contracts

40,517

28,481

Other creditors

200,000

100,000

240,517

128,481

Included within creditors: amounts falling due after more than one year is an amount of £200,000 (2024 - £100,000) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

Included within creditors are hire purchase balances of £40,517 (2024 - £28,481) which are secured over the assets to which they relate.

9.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

We draw attention to Note 3 in the financial statements, which explains that the financial statements have been prepared on a going concern basis. The entity incurred losses during the year of £166,284, losses of £152,531 in the previous year, and its ability to continue as a going concern is dependent on the continued financial support of the Audrey Muriel Stratford Charitable Trust. As stated in Note 3, the directors are confident that such support will remain available for the foreseeable future.

In auditing the financial statements, we have concluded that the directors use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Mr Christopher Goad BFP FCA (Senior Statutory Auditor)

for and on behalf of Stephenson Smart (East Anglia) Limited

10.	Other financial commitments

Operating lease commitments not included in the balance sheet amount to £4,736 (2024 - £8,795).

Barclays Bank plc hold a Debenture including Fixed and floating charges over the undertaking and all property and assets present and future including goodwill book debts uncalled capital buildings fixtures fixed plant and machinery dated 18 July 1994.

11.	Related party disclosures

The company has taken advantage of the exemption within FRS 102 from disclosing transactions with members of the same group that are wholly owned.

As at the year end reporting date the director owed the comapny £253 (2024: Nil). Net transactions totalled £253 (2024: Nil)

12.	Ultimate controlling party

The ultimate controlling party is the Audrey Muriel Stratford Charitable Trust, a registered charity in England and Wales.

Copies of the consolidated financial statements of the Audrey Muriel Stratford Charitable Trust may be obtained from 22-26 King Street, King's Lynn, Norfolk, PE30 1HJ.