Stonegate Homes (Enfield) Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2

Registered number: NI653065

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	10,333,875		10,131,778
Debtors	5	100,396		100,396
Cash at bank and in hand		133		2,222

		10,434,404		10,234,396
Creditors: Amounts Falling Due Within One Year	6	(10,556,663 )		(10,356,563 )

NET CURRENT ASSETS (LIABILITIES)			(122,259 )		(122,167 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(122,259 )		(122,167 )

NET LIABILITIES			(122,259 )		(122,167 )

CAPITAL AND RESERVES
Called up share capital	7		110		110
Profit and Loss Account			(122,369 )		(122,277 )

SHAREHOLDERS' FUNDS			(122,259)		(122,167)

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 page 2 form part of these financial statements.

1. General Information

Stonegate Homes (Enfield) Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI653065 . 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 at the year end was overdrawn by £122,259 (2023:£122,167), shareholders and related companies were owed £4,475,100 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	10,333,875	10,131,778

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	100,396	100,396

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	4,475,100	4,275,000
Loans	6,081,563	6,081,563

	10,556,663	10,356,563

7. Share Capital

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

8. Related Party Transactions

At the year end the holders of the Ordinary A shares were owed £3,660,000. (2024 - £3,600,000)

Companies related to the shareholders;

Owed the company £100,396
Were owed £815,100 by the company

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