Stonegate Homes (Croydon) Limited

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

Registered number: NI652771

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	11,671,543		11,066,897
Debtors	5	1,037,931		1,037,931
Cash at bank and in hand		110		16,438

		12,709,584		12,121,266
Creditors: Amounts Falling Due Within One Year	6	(12,913,218 )		(12,324,710 )

NET CURRENT ASSETS (LIABILITIES)			(203,634 )		(203,444 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(203,634 )		(203,444 )

NET LIABILITIES			(203,634 )		(203,444 )

CAPITAL AND RESERVES
Called up share capital	7		110		110
Profit and Loss Account			(203,744 )		(203,554 )

SHAREHOLDERS' FUNDS			(203,634)		(203,444)

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 Homes (Croydon) Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI652771 . 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 £203,634 (2024: £203,444), the shareholders are owed £4,215,000 and will not demand repayment until circumstances allow.

2.3. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

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

4. Stocks

	2025	2024
	£	£
Stock	11,671,543	11,066,897

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1,037,931	1,037,931

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	(1 )
Bank loans and overdrafts	7	-
Other creditors	5,353,211	4,764,711
Loans	7,560,000	7,560,000

	12,913,218	12,324,710

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	110	110

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Stonegate Homes (Croydon) Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

8. Related Party Transactions

At the year end the holders of the Ordinary A Shares were owed £4,215,000 (2024 - £4,170,000).

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

£1,037,931 owed to the company (2024:£1,037,931)
£1,138,211 owed by the company (2024:£594,711)

9. Charges

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

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