ACCOUNTS - Final Accounts preparation

COMMITMENTS UNDER OPERATING LEASES

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Registered number: 09461399

22 STOKES CROFT LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

22 STOKES CROFT LIMITED

REGISTERED NUMBER:09461399

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	5		550,744		571,774
Investment property			2,890,658		2,887,492
			3,441,402		3,459,266
Current assets
Debtors: amounts falling due within one year	7	2,030		40,694
Cash at bank and in hand	8	163,467		46,605
		165,497		87,299
Creditors: amounts falling due within one year	9	(1,047,362)		(1,259,693)
Net current liabilities			(881,865)		(1,172,394)
Total assets less current liabilities			2,559,537		2,286,872
Provisions for liabilities
Deferred tax			(399,120)		(397,953)
Net assets			2,160,417		1,888,919

Capital and reserves
Called up share capital	11	1	1
Profit and loss account		2,160,416	1,888,918
		2,160,417	1,888,919

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

L Gibson

Director

Date: 16 December 2025

The notes on pages 3 to 10 form part of these financial statements.

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22 STOKES CROFT LIMITED

REGISTERED NUMBER:09461399

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

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22 STOKES CROFT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	GENERAL INFORMATION

22 Stokes Croft Limited is a limited company incorporated in England and Wales. The address of the registered office is 22 Stokes Croft, Bristol, BS1 2PR.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

GOING CONCERN

The company has net assets of £2,131,251 (2024: £1,888,919) but net current liabilities of £912,197 (2024: £1,172,394) as a result of a balance owed to the ultimate parent company of £1,734,129 (2024: £1,109,372), which is classified as repayable on demand.
The trade of the company is profitable and cash generative, therefore the company is able to meet its liabilities as they fall due in the normal course of business, and the directors are confident that this will continue for at least 12 months from the date of approval of the financial statements. Further, the ultimate parent company has confirmed that it will not seek repayment of the balance should the company not have sufficient working capital to meet the demand. Therefore, these financial statements are prepared on the going concern basis.

2.3

FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Cottleston Holdings Limited as at 31 March 2025 and these financial statements may be obtained from Companies House.

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22 STOKES CROFT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.4

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

2.6

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.7

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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22 STOKES CROFT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.7

TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property	-	2% straight line
Motor vehicles	-	20% straight line
Fixtures and fittings	-	33% straight line
Computer equipment	-	33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

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22 STOKES CROFT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

3.	JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

In the application of the Company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The critical judgments and sources of estimation uncertainty made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Critical judgements
Depreciation rates
Tangible fixed assets are depreciation over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
Sources of estimation uncertainty
Valuation of investment properties
As described in note 6 to the financial statements, investment property is stated at fair value based on the valuation performed by the directors. The directors made the valuation based on a value in use model using observable market prices and yield assumptions.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2024: 2).

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22 STOKES CROFT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	TANGIBLE FIXED ASSETS

	Freehold property	Motor vehicles	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£
COST OR VALUATION
At 1 April 2024	589,621	55,703	812	1,280	647,416
Additions	-	-	-	3,330	3,330
At 31 March 2025	589,621	55,703	812	4,610	650,746
DEPRECIATION
At 1 April 2024	74,503	702	152	285	75,642
Charge for the year on owned assets	11,794	11,141	271	1,154	24,360
At 31 March 2025	86,297	11,843	423	1,439	100,002
NET BOOK VALUE
At 31 March 2025	503,324	43,860	389	3,171	550,744
At 31 March 2024	515,118	55,001	660	995	571,774

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22 STOKES CROFT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	INVESTMENT PROPERTY

		Freehold investment property
		£
	VALUATION
	At 1 April 2024	2,887,492
	Additions at cost	3,166
	AT 31 MARCH 2025	2,890,658

The 2025 valuations were made by the directors, on an open market value for existing use basis.

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2025	2024
	£	£

	Historic cost	1,413,416	1,410,251
		1,413,416	1,410,251

DEBTORS

					2025	2024
					£	£


Trade debtors	(70)	25,986
Amounts owed by group undertakings	1	-
Prepayments and accrued income	2,099	3,017
Tax recoverable	-	11,691
	2,030	40,694

8.	CASH AND CASH EQUIVALENTS
		2025	2024
		£	£

Cash at bank and in hand	163,467	46,605
	163,467	46,605

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22 STOKES CROFT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£

Payments received on account	-	10,460
Trade creditors	13,827	36
Amounts owed to group undertakings	845,641	1,109,372
Corporation tax	11,344	41,348
Other taxation and social security	7,185	-
Accruals and deferred income	169,365	98,477
	1,047,362	1,259,693

Amounts owed to group undertakings are interest free and repayable on demand.

10.	DEFERRED TAXATION

		2025
		£

	At beginning of year	(397,953)
	Charged to profit or loss	(1,167)
	AT END OF YEAR	(399,120)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

Accelerated capital allowances	(25,210)	(24,043)
Capital gains	(373,910)	(373,910)
	(399,120)	(397,953)

11.	SHARE CAPITAL
		2025	2024
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

1 (2024: 1) Ordinary share of £1.00	1	1

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22 STOKES CROFT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

	Not later than 1 year	-	16,667
		-	16,667

13.	RELATED PARTY TRANSACTIONS
	As a wholly owned subsidiary of Cottleston Holdings Limited, a company incorporated in England and Wales, the company is able to take advatage of the exemption under the terms of FRS102 from disclosing related party transactions with wholly owned entities that are part of the same group.

14.	CONTROLLING PARTY

The immediate parent undertaking is Cottleston Property Limited, a company incorporated in England and Wales.
The ultimate parent undertaking is Cottleston Holdings Limited, a company incorporated in England and Wales. It heads both the largest and smallest group for which consolidated accounts are produced that the company is included in.

15.	AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 16 December 2025 by Matthew Haskell ACA (Senior statutory auditor) on behalf of Bishop Fleming Audit Limited.

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