REGISTERED NUMBER: 04134758 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

STANTONE HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H Davis

REGISTERED OFFICE:

Bath House

6-8 Bath Street

Redcliffe

Bristol

BS1 6HL

REGISTERED NUMBER:

04134758 (England and Wales)

ACCOUNTANTS:

Gravita

Chartered Accountants

6-8 Bath Street

Bristol

BS1 6HL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

38,928

21,986

Investments

6

3,000

3,000

41,928

24,986

CURRENT ASSETS

Debtors

7

280,503

200,693

Cash at bank and in hand

629,967

556,994

910,470

757,687

CREDITORS

Amounts falling due within one year

8

(794,268

)

(737,278

)

NET CURRENT ASSETS

116,202

20,409

TOTAL ASSETS LESS CURRENT LIABILITIES

158,130

45,395

CREDITORS

Amounts falling due after more than one year

9

(82,579

)

(15,563

)

NET ASSETS

75,551

29,832

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

75,451

29,732

SHAREHOLDERS' FUNDS

75,551

29,832

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 and authorised for issue by the director and authorised for issue on 30 October 2025 and were signed by:

H Davis - Director

1.	COMPANY INFORMATION

Stantone Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The principal activity of the company in the year under review was that of property letting management and estate agency.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern

The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that despite any potential future adverse effects the company has adequate resources to continue in operational existence for the foreseeable future. Based on this assessment and the current resources available, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents income from the management and letting of residential properties and estate agency commissions, excluding value added tax, and represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Turnover is recognised on the date of exchange.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise costs are being amortised evenly over their estimated useful life of 20 years.

Website development costs are being amortised evenly over their estimated useful life of 5 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to leasehold property

-

10% on cost

Office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings 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. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Website

development

£

COST

At 1 February 2024

and 31 January 2025

4,800

AMORTISATION

At 1 February 2024

and 31 January 2025

4,800

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

leasehold

Office

Motor

Computer

property

equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

51,228

33,287

55,532

23,687

163,734

Additions

12,254

2,326

14,803

-

29,383

At 31 January 2025

63,482

35,613

70,335

23,687

193,117

DEPRECIATION

At 1 February 2024

44,649

28,689

44,880

23,530

141,748

Charge for year

6,348

1,731

4,205

157

12,441

At 31 January 2025

50,997

30,420

49,085

23,687

154,189

NET BOOK VALUE

At 31 January 2025

12,485

5,193

21,250

-

38,928

At 31 January 2024

6,579

4,598

10,652

157

21,986

Included in the total net book value of fixed assets was £20,956 (2024 - £10,261) in respect of assets

held under hire purchase contracts.

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2024

and 31 January 2025

3,000

NET BOOK VALUE

At 31 January 2025

3,000

At 31 January 2024

3,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

27

286

Other debtors

2,357

1,560

Directors' current accounts

204,080

149,479

Section 455 tax recoverable

66,890

48,462

Prepayments and accrued income

7,149

906

280,503

200,693

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

13,603

Other loans

20,000

-

Hire purchase contracts

9,707

11,598

Trade creditors

17,024

27,776

Corporation tax

24,465

12,979

Section 455 tax payable

32,286

19,294

Social security and other taxes

54,689

44,495

VAT

26,400

31,602

Other creditors

1,141

1,770

Amounts due to tenants and

landlords

593,863

569,369

Accrued expenses

4,693

4,792

794,268

737,278

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,333

13,333

Other loans - 1-2 years

60,094

-

Hire purchase contracts

19,152

2,230

82,579

15,563

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

£

H Davis

Balance outstanding at start of year

149,479

123,070

Amounts advanced

95,957

74,779

Amounts repaid

(41,356

)

(48,370

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

204,080

149,479

The loan has no fixed repayment terms and is unsecured. Interest is charged at HMRC's advisory rates.