REGISTERED NUMBER: 07289389 (England and Wales)

Stoneleigh Properties (Wakefield)

Limited

Financial Statements

for the Period 28 June 2023 to 26 June 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Mubasar Hussain

REGISTERED OFFICE:

211-217 Doncaster Road

Wakefield

West Yorkshire

WF1 5HA

REGISTERED NUMBER:

07289389 (England and Wales)

ACCOUNTANTS:

SMH Jolliffe Cork Ltd

Accountants & Business Advisors

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Investment property

4

1,350,000

1,350,000

CURRENT ASSETS

Cash at bank

250

250

CREDITORS

Amounts falling due within one year

5

881,569

1,869,234

NET CURRENT LIABILITIES

(881,319

)

(1,868,984

)

TOTAL ASSETS LESS CURRENT LIABILITIES

468,681

(518,984

)

CREDITORS

Amounts falling due after more than one year

6

897,471

46,364

NET LIABILITIES

(428,790

)

(565,348

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(429,790

)

(566,348

)

SHAREHOLDERS' FUNDS

(428,790

)

(565,348

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 26 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 26 June 2024 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 17 December 2025 and were signed by:

Mr Mubasar Hussain - Director

1.	STATUTORY INFORMATION

Stoneleigh Properties (Wakefield) 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 company's functional and presentation currency is the pound sterling £. All financial information presented has been rounded to the nearest £, unless otherwise stated.

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

Turnover represents rents receivable net of property management fees.

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.

Taxation

Taxation for the period 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 period 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.

Going concern

The company had net liabilities at the balance sheet date and is dependent on the support of the director and other creditors.The director has assessed the situation and having spoken to debt holders and considered future rental income is satisfied that the going concern basis is appropriate

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 28 June 2023

and 26 June 2024

1,350,000

NET BOOK VALUE

At 26 June 2024

1,350,000

At 27 June 2023

1,350,000

Fair value at 26 June 2024 is represented by:

£

Valuation in 2020

196,925

Valuation in 2023

(300,000

)

Cost

1,453,075

1,350,000

The residential property is stated at fair value as considered by the directors.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

3,079

3,585

Other loans

19,085

950,795

Trade creditors

95

-

Other creditors

825,838

827,413

Directors' current accounts

31,671

43,195

Accruals and deferred income

1,801

44,246

881,569

1,869,234

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

39,209

46,364

Other loans - 1-2 years

858,262

-

897,471

46,364

7.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Other loans

877,347

950,795

The debts are secured with a fixed charge over the investment property and a floating charge over other assets.

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 26 June 2024 and the year ended 27 June 2023:

2024

2023

£

£

Mr Mubasar Hussain

Balance outstanding at start of period

-

1,723

Amounts repaid

-

(1,723

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

-