REGISTERED NUMBER: 03717660 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Stroudwater Redevelopment Partnership

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R J Tanner

SECRETARY:

Mrs A L Tanner

REGISTERED OFFICE:

122 Winchcombe Street

Cheltenham

GL52 2NW

REGISTERED NUMBER:

03717660 (England and Wales)

ACCOUNTANTS:

Crossley and Co.

122 Winchcombe Street

Cheltenham

Gloucestershire

GL52 2NW

FIXED ASSETS

Tangible assets

4

60,435

72,459

Investments

5

662,642

662,642

Investment property

6

1,177,000

1,177,000

1,900,077

1,912,101

CURRENT ASSETS

Stocks

7

158,864

88,869

Debtors

8

1,524,974

1,575,550

Cash at bank

14,872

37,624

1,698,710

1,702,043

CREDITORS

Amounts falling due within one year

9

607,360

668,057

NET CURRENT ASSETS

1,091,350

1,033,986

TOTAL ASSETS LESS CURRENT LIABILITIES

2,991,427

2,946,087

PROVISIONS FOR LIABILITIES

10

271,130

271,130

NET ASSETS

2,720,297

2,674,957

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

11

2,720,295

2,674,955

SHAREHOLDERS' FUNDS

2,720,297

2,674,957

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Income Statement has not been delivered.

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

R J Tanner - Director

1.	STATUTORY INFORMATION

Stroudwater Redevelopment Partnership 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 398 of the Companies Act 2006 not to prepare group accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 March 2024

and 28 February 2025

187,744

19,633

17,229

224,606

DEPRECIATION

At 1 March 2024

126,833

19,633

5,681

152,147

Charge for year

9,137

-

2,887

12,024

At 28 February 2025

135,970

19,633

8,568

164,171

NET BOOK VALUE

At 28 February 2025

51,774

-

8,661

60,435

At 29 February 2024

60,911

-

11,548

72,459

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 March 2024

and 28 February 2025

662,642

NET BOOK VALUE

At 28 February 2025

662,642

At 29 February 2024

662,642

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

and 28 February 2025

1,177,000

NET BOOK VALUE

At 28 February 2025

1,177,000

At 29 February 2024

1,177,000

7.

STOCKS

28.2.25

29.2.24

£

£

Stocks

19,995

-

Work-in-progress

138,869

88,869

158,864

88,869

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

60,120

52,802

Related company loans

1,450,345

1,467,459

Other loans

-

50,000

Other debtors

10,682

-

VAT

3,827

5,289

1,524,974

1,575,550

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade creditors

53,324

16,325

Social security and other taxes

1,176

-

Other creditors

28,760

-

Related company creditors

320,756

508,930

Directors' current accounts

41,718

51,176

Accrued expenses

161,626

91,626

607,360

668,057

10.	PROVISIONS FOR LIABILITIES

28.2.25

29.2.24

£

£

Deferred tax

271,130

271,130

Deferred

tax

£

Balance at 1 March 2024

271,130

Property valuation

Balance at 28 February 2025

271,130

11.

RESERVES

Retained

earnings

£

At 1 March 2024

2,674,955

Profit for the year

45,340

At 28 February 2025

2,720,295

12.	RELATED PARTY DISCLOSURES

The company has loans to the value of £1,450,345 outstanding from related companies and owes £320,756.

13.	ULTIMATE CONTROLLING PARTY

Ultimate control vests with the director by virtue of his majority shareholding.