STONEHOUSE REAL ESTATE LIMITED

Company Registration Number:
12122724 (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 REAL ESTATE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

STONEHOUSE REAL ESTATE LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 0 350,225
Total fixed assets: 0 350,225
Current assets
Stocks: 12,979,518 16,678,664
Debtors:   39,445 592,981
Cash at bank and in hand: 6,985 13,255
Total current assets: 13,025,948 17,284,900
Creditors: amounts falling due within one year: 4 (17,953,265) (19,798,520)
Net current assets (liabilities): (4,927,317) (2,513,620)
Total assets less current liabilities: (4,927,317) (2,163,395)
Total net assets (liabilities): (4,927,317) (2,163,395)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (4,927,318) (2,163,396)
Shareholders funds: (4,927,317) (2,163,395)

The notes form part of these financial statements

STONEHOUSE REAL ESTATE 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 REAL ESTATE 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 land and property developments are recognised in respect of contracts completed during the year. The profit on disposal of property developments is determined as the difference between the sale proceeds and the carrying value of the asset 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.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are 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.

Valuation and information policy

Investment property is measured initially 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 profit or loss.

Other accounting policies

Stocks Land and property developments and properties held for sale 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 developments, loan fees and legal and professional fees incurred.

STONEHOUSE REAL ESTATE 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 REAL ESTATE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 350,225
Disposals (350,225)
At 31 December 2024 0
Net book value
At 31 December 2024 0
At 31 December 2023 350,225

STONEHOUSE REAL ESTATE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

The loans are secured over the assets to which they relate. Interest of 12% is payable on the loans

STONEHOUSE REAL ESTATE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Related party transactions

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