Standeven Properties Limited - Filleted accounts

Registered number

04237756

Standeven Properties Limited

Unaudited Filleted Accounts

31 December 2024

Standeven Properties Limited
Registered number:		04237756
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		557			721
Investments	4		12,815,270			12,811,190
			12,815,827			12,811,911

Current assets
Debtors	5	1,125,928			1,163,145
Cash at bank and in hand		742,944			139,451
		1,868,872			1,302,596

Creditors: amounts falling due within one year	6	(6,148,950)			(6,095,923)

Net current liabilities			(4,280,078)			(4,793,327)

Total assets less current liabilities			8,535,749			8,018,584


Provisions for liabilities			(350,078)			(350,078)


Net assets			8,185,671			7,668,506

Capital and reserves
Called up share capital			96			96
Profit and loss account			8,185,575			7,668,410

Shareholders' funds			8,185,671			7,668,506

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.




D W Standeven
Director
Approved by the board on 26 September 2025

Standeven Properties Limited
Notes to the Accounts
for the year ended 31 December 2024


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	15% reducing balance
	Motor vehicles abd accessories	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			2024		2023
Number					Number

	Average number of persons employed by the company			4		4


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 January 2024	2,591		3,414		6,005
	At 31 December 2024	2,591		3,414		6,005

	Depreciation
	At 1 January 2024	2,325		2,959		5,284
	Charge for the year	40		124		164
	At 31 December 2024	2,365		3,083		5,448

	Net book value
	At 31 December 2024	226		331		557
	At 31 December 2023	266		455		721


4	Investments

Other
investments
£
	Cost
	At 1 January 2024					12,811,190
	Additions					4,080

	At 31 December 2024					12,815,270

	Historical cost
	At 1 January 2024					11,410,879
	At 31 December 2024					11,418,541

	All investment properties held at 31st December 2024 were assessed for their open market value by the directors at that date. The directors have many years operating in the residential property sector. Deferred taxation has been provided at 25% on the amount of the revaluation.


5	Debtors			2024		2023
£					£

	Mayfield Park Limited			966,885		1,066,885
	Other debtors			159,043		96,260
				1,125,928		1,163,145


6	Creditors: amounts falling due within one year			2024		2023
£					£

	Taxation and social security costs			119,374		49,764
	Standeven Builders (Yorkshire) Limited			547,512		547,512
	Standeven Holdings Limited			5,268,566		5,268,566
	Other creditors			213,498		230,081
				6,148,950		6,095,923


7	Controlling party

	The company is a wholly owned subsidiary of Standeven Holdings Limited, a company registered in England whose registered office is c/o Helliwell Handscomb LLP, 15 Littlethorpe Hill, Hartshead, Liversedge, WF15 8AZ. Under the exemption allowed for small groups by The Companies Act 2006 consolidated accounts are not prepared.


8	Other information

	Standeven Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
	c/o Helliwell Handscomb LLP
	15 Littlethorpe Hill, Hartshead
	Liversedge
	West Yorkshire
	WF15 8AZ