Company Registration No. 8338418 (England and Wales)
Stockwell & Co Ltd
Unaudited accounts
for the year ended 28 December 2024
Stockwell & Co Ltd
Unaudited accounts
Contents
Stockwell & Co Ltd
Company Information
for the year ended 28 December 2024
Directors
Raffaella Gianfilippi De Parenti
Andrea Velletrani
Company Number
8338418 (England and Wales)
Registered Office
2nd Floor, Market Square House
Market Square
Petworth
West Sussex
GU28 0AH
England
Stockwell & Co Ltd
Statement of financial position
as at 28 December 2024
Investments
6,047,588
6,315,003
Cash at bank and in hand
216,734
308,666
Creditors: amounts falling due within one year
(273,288)
(256,777)
Net current assets
579,612
727,232
Total assets less current liabilities
6,627,200
7,042,235
Creditors: amounts falling due after more than one year
(250,083)
(260,870)
Net assets
6,377,117
6,781,365
Called up share capital
100
100
Profit and loss account
6,377,017
6,781,265
Shareholders' funds
6,377,117
6,781,365
For the year ending 28 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
Andrea Velletrani
Director
Company Registration No. 8338418
Stockwell & Co Ltd
Notes to the Accounts
for the year ended 28 December 2024
Stockwell & Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 8338418. The registered office is 2nd Floor, Market Square House, Market Square, Petworth, West Sussex, GU28 0AH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The Company's functional currency is Eur.
Items of assets and liabilities (including comparatives) are translated into the presentation currency at the official rate of
exchange ruling at the closing date of these reports. Items of income and expenditure (including comparatives) are translated
into the presentation currency at the official average rate of exchange ruling at the closing date of these reports. The exchange differences so arising are recognised in profit and loss reserves account.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Stockwell & Co Ltd
Notes to the Accounts
for the year ended 28 December 2024
Monetary assets and liabilities in foreign currencies are translated into the Company's functional currency at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into the Company's functional currency at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The Directors are taking all reasonable steps, as part of the Company's risk management policy, to ensure continued operations and, after consideration of all factors, they believe it appropriate for the going concern basis to be adopted for these financial statements.
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Investments
Other investments
Valuation at 29 December 2023
6,315,003
Fair value adjustments
(267,850)
Valuation at 28 December 2024
6,047,588
Foreign exchange differences arising from translating items from functional to presentation currency, are recognised in profit and loss reserves account.
Amounts falling due within one year
Accrued income and prepayments
2,566
68
Amounts falling due after more than one year
Other debtors
633,600
657,884
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
5,327
9,203
Taxes and social security
132
133
Other creditors
267,829
243,528
Included in Other creditors there are: Shareholder's loan £ 13,578
loan from Chigwell Enterprises Ltd £166,722;
Loan from Guilford Capital Ltd £87,529. Both loans are no-interest bearing and repayable on demand.
Stockwell & Co Ltd
Notes to the Accounts
for the year ended 28 December 2024
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Creditors: amounts falling due after more than one year
2024
2023
Bank loans
250,083
260,870
Bank loan with Banca March SA, Spain: 250,083;
interest only loan, secured through Algebris Financials.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).