Stonegate Land and Estates Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: NI646651

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		110		110

			110		110
CURRENT ASSETS
Debtors	5	6,461,482		6,436,529
Cash at bank and in hand		134		162

		6,461,616		6,436,691
Creditors: Amounts Falling Due Within One Year	6	(8,179,708 )		(8,154,686 )

NET CURRENT ASSETS (LIABILITIES)			(1,718,092 )		(1,717,995 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,717,982 )		(1,717,885 )

NET LIABILITIES			(1,717,982 )		(1,717,885 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(1,718,082 )		(1,717,985 )

SHAREHOLDERS' FUNDS			(1,717,982)		(1,717,885)

For the year ending 28 February 2025 the company was entitled to exemption from audit 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.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr James Patterson

Director

11/11/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Stonegate Land and Estates Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI646651 . The registered office is 25b Seafront Road, Holywood, Down, BT18 0BB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

Whilst the balance sheet is overdrawn at the year end by £1,717,982 (2024: £1,717,855), the directors are owed £3,600,110 (2024: £3,600,110) and will not demand full repayment until circumstances allow.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Investments

	Unlisted
	£
Cost
As at 29 February 2024	110

As at 28 February 2025	110

Provision
As at 29 February 2024	-

As at 28 February 2025	-

Net Book Value
As at 28 February 2025	110

As at 29 February 2024	110

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Stonegate Land and Estates Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	756,000	756,000
VAT	-	42,517
Amounts owed by group undertakings	5,705,482	5,638,012

	6,461,482	6,436,529

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	3,991,001	3,811,000
Loans	588,597	588,597
Accruals and deferred income	-	154,979
Directors' loan accounts	3,600,110	3,600,110

	8,179,708	8,154,686

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

8. Related Party Transactions

At the year end the company is owed £5,705,482, (2024:£5,638,012) by it's wholly owned subsidiary, Stonegate Homes (Cricklewood) Ltd.

At the year end the company owed its directors £3,600,110 (2024: £3,600,110).

It also had balances due from/to other related companies;

£756,000 owed to the company (2024:£756,000)
£3,991,000 owed by the company (2024:£3,811,000)

9. Charges

Loans were secured by charges over the land and property of the company.

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