REGISTERED NUMBER: 00928159 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

STRESSLINE (PATENTS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C P Fox

REGISTERED OFFICE:

Station Road

Stoney Stanton

Leicestershire

LE9 4LX

REGISTERED NUMBER:

00928159 (England and Wales)

AUDITORS:

Magma Audit LLP

16 Davy Court

Castle Mound Way

Rugby, CV23 0UZ

Magma Audit LLP is part

Of the Dains Group

BANKERS:

Royal Bank of Scotland

5 Market Street

Leicester

LE1 6DN

SOLICITORS:

Knights PLC

34 Pocklingtons Walk

Leicester

LE1 6BU

FIXED ASSETS

Investments

4

1

1

Investment property

5

4,551,783

4,551,783

4,551,784

4,551,784

CURRENT ASSETS

Debtors

6

5,024,297

4,545,960

Cash at bank

68,657

326,620

5,092,954

4,872,580

CREDITORS

Amounts falling due within one year

7

(5,406,546

)

(5,435,330

)

NET CURRENT LIABILITIES

(313,592

)

(562,750

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,238,192

3,989,034

PROVISIONS FOR LIABILITIES

8

(16,196

)

(16,196

)

NET ASSETS

4,221,996

3,972,838

CAPITAL AND RESERVES

Called up share capital

2,205

2,205

Capital redemption reserve

1,795

1,795

Retained earnings

4,217,996

3,968,838

SHAREHOLDERS' FUNDS

4,221,996

3,972,838

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

C P Fox - Director

1.	COMPANY INFORMATION

Stressline (Patents) Limited is a private company, limited by shares, domiciled in England and Wales, registration number 00928159. The registered office is Station Road, Stoney Stanton, Leicester, LE9 4LX.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention in accordance with Section 1A Small Entities of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are presented in Sterling (£), rounded to the nearest £1.

Preparation of consolidated financial statements

The financial statements contain information about Stressline (Patents) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

The group for which consolidated financial statements are prepared, which include the results of this company, is that headed by CPF Commercial Limited, whose registered office is Station Road, Stoney Stanton, Leicester, LE9 4LX.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(i) Valuation of Investment Properties

The company makes an estimate as to the fair value of the investment properties at the year end date. Management have utilised available data to assess the market values including but not limited to, the changes in the rental market and the economic climate of the relevant locations. Management obtained a professional third party valuation on 16 November 2022, which valued properties on a market value basis.

Going concern

The director has assessed the financial position of the company in light of ongoing economic uncertainty. At 31 December 2024 the company has net current liabilities of £313,592 (2023: £562,750) and net assets of £4,221,996 (2023: £3,972,838). The director has assessed future cashflow forecasts and the potential impact of the economic conditions and considers the company to have sufficient resources to meet its liabilities as they fall due for at least twelve months from the signing of these financial statements and has therefore prepared the financial statements on a going concern basis.

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Investments in subsidiaries

Investments in subsidiaries are held at cost less accumulated impairment losses.

Investment property

Investment property is carried at fair value, determined annually by the director. Fair value is derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in nature, location and condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.

Financial instruments

The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes as financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors and loans from fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Share capital

Ordinary shares are classified as equity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

4,551,783

NET BOOK VALUE

At 31 December 2024

4,551,783

At 31 December 2023

4,551,783

The investment property was valued by external valuers on 28 November 2014 on an open market basis. The directors have undertaken a valuation of the property as at 31 December 2024.

Cost or valuation at 31 December 2024 is represented by:

£

Valuation

4,551,783

Fair value at 31 December 2024 is represented by:

£

Valuation in 2020

295,473

Valuation in 2021

102,025

Cost

4,154,285

4,551,783

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

68,705

73,902

Amounts owed by group undertakings

4,854,287

4,458,543

Prepayments and accrued income

101,305

13,515

5,024,297

4,545,960

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

5,270,671

5,270,671

Tax

20,575

50,540

VAT

19,453

19,481

Accruals and deferred income

95,847

94,638

5,406,546

5,435,330

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

16,196

16,196

Deferred

tax

£

Balance at 1 January 2024

16,196

Balance at 31 December 2024

16,196

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Victoria Craig (Senior Statutory Auditor)

for and on behalf of Magma Audit LLP

10.	CONTINGENT LIABILITIES

The company is part of a group VAT registration with its parent company and fellow subsidiaries. The company is jointly and severally liable for the liabilities of the VAT group to which it belongs. At 31 December 2024, the group VAT liability amounted to £176,164 (2023: £168,707) of which £19,453 (2023: £19,481) is recognised in Stressline (Patents) Limited.

A cross guarantee exists between Stressline Holdings Limited, Stressline Limited, Stressline Engineering Limited and Stressline (Patents) Limited in respect of assets under hire purchase contracts. At 31 December 2024, the liability amounted to £295,548 (2023: £250,562) of which £nil (2023: £nil) is recognised in Stressline (Patents) Limited.

The company is party to a cross guarantee arrangement in relation to the bank borrowings of CPF Commercial Limited, a company within the same group. Security has been given in the form of a fixed and floating debenture over all assets of the company. At the balance sheet date the potential liability amounted to £1,752,522 (2023: £1,805,968).

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12.	ULTIMATE CONTROLLING PARTY

The company was a wholly owned subsidiary of Stressline Holdings Limited, a company incorporated in England & Wales, throughout the current and preceding year.

C P Fox was the ultimate controlling party throughout the current and prior year.

The group for which consolidated financial statements are prepared, which include the results of this company, is that headed by CPF Commercial Limited, whose registered office address is Station Road, Stoney Stanton, Leicester, LE9 4LX.