STONEHOUSE PORTFOLIO PROPERTIES LIMITED

Company Registration Number:
11502257 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

STONEHOUSE PORTFOLIO PROPERTIES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

STONEHOUSE PORTFOLIO PROPERTIES LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 120,000 1,190,220
Total fixed assets: 120,000 1,190,220
Current assets
Debtors:   0 728,341
Cash at bank and in hand: 3,558
Total current assets: 3,558 728,341
Creditors: amounts falling due within one year:   (155,585) (804,924)
Net current assets (liabilities): (152,027) (76,583)
Total assets less current liabilities: (32,027) 1,113,637
Creditors: amounts falling due after more than one year:   0 (1,100,250)
Total net assets (liabilities): (32,027) 13,387
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: (33,027) 12,387
Shareholders funds: (32,027) 13,387

The notes form part of these financial statements

STONEHOUSE PORTFOLIO PROPERTIES LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 February 2025
and signed on behalf of the board by:

Name: Mr P W E Leoni Sceti
Status: Director

The notes form part of these financial statements

STONEHOUSE PORTFOLIO PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Sale of investment properties are recognised in respect of contracts completed during the year. The profit or loss on disposal of property developments is determined as the difference between the sale proceeds and the carrying value of the assets at the date of disposal. Revenue in respect of letting activity is measured at the fair value of the consideration received or receivable from rental income, net of Value Added Tax.

STONEHOUSE PORTFOLIO PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

STONEHOUSE PORTFOLIO PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 1,195,397
Disposals (1,075,397)
At 31 December 2024 120,000
Depreciation
At 01 January 2024 5,177
On disposals (5,177)
At 31 December 2024 0
Net book value
At 31 December 2024 120,000
At 31 December 2023 1,190,220

STONEHOUSE PORTFOLIO PROPERTIES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Related party transactions

The Company has take advantage of exemptions available in FRS102 to not disclose transactions with the fellow group companies.