ACCOUNTS - Final Accounts preparation

Registered number: 09461479

15-19 STOKES CROFT LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

15-19 STOKES CROFT LIMITED

REGISTERED NUMBER:09461479

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	5		4,315,077		3,829,009
			4,315,077		3,829,009
Current assets
Debtors: amounts falling due within one year	6	21,007		23,674
Cash at bank and in hand	7	47,802		1,038,145
		68,809		1,061,819
Creditors: amounts falling due within one year	8	(4,540,623)		(4,955,692)
Net current liabilities			(4,471,814)		(3,893,873)
Total assets less current liabilities			(156,737)		(64,864)
Provisions for liabilities
Deferred tax	9		(80,891)		(3,059)
Net liabilities			(237,628)		(67,923)

Capital and reserves
Called up share capital	10	1	1
Profit and loss account	11	(237,629)	(67,924)
		(237,628)	(67,923)

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 income and retained earnings 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 M Gibson

Director

Date: 16 December 2025

The notes on pages 2 to 7 form part of these financial statements.

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15-19 STOKES CROFT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	GENERAL INFORMATION

15-19 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 received a letter of support from its ultimate parent company, Cottleston Holdings Limited, confirming it intends to provide such financial support as is necessary to enable the company to meet its ongoing financial obligations for a period of at least 12 months from the date of approval of the financial statements. 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.

2.4

INTEREST INCOME

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

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15-19 STOKES CROFT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.5

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.

2.6

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.

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	-		No depreciation provided until the asset is brought into use - then it will be depreciated at 2% 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.

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15-19 STOKES CROFT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.7

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.

2.8

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.

2.9

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.

2.10

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.

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.

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15-19 STOKES CROFT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

EMPLOYEES

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

5.	TANGIBLE FIXED ASSETS

	Freehold property	Fixtures and fittings	Computer equipment	Total
	£	£	£	£
COST
At 1 April 2024	3,829,009	900	2,367	3,832,276
Additions	486,068	-	-	486,068
At 31 March 2025	4,315,077	900	2,367	4,318,344
DEPRECIATION
At 1 April 2024	-	900	2,367	3,267
At 31 March 2025	-	900	2,367	3,267
NET BOOK VALUE
At 31 March 2025	4,315,077	-	-	4,315,077
At 31 March 2024	3,829,009	-	-	3,829,009

DEBTORS

					2025	2024
					£	£


Other debtors	15,544	12,045
Prepayments and accrued income	5,463	11,629
	21,007	23,674

7.	CASH AND CASH EQUIVALENTS
		2025	2024
		£	£

Cash at bank and in hand	47,802	1,038,145
	47,802	1,038,145

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15-19 STOKES CROFT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

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

Trade creditors	57,850	16,517
Amounts owed to group undertakings	4,447,782	4,936,217
Corporation tax	-	133
Accruals and deferred income	34,991	2,825
	4,540,623	4,955,692

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

9.	DEFERRED TAXATION

		2025
		£

	At beginning of year	(3,059)
	Charged to profit or loss	(77,832)
	AT END OF YEAR	(80,891)

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

	Accelerated capital allowances	(80,891)	(3,059)
		(80,891)	(3,059)

10.	SHARE CAPITAL
		2025	2024
		£	£

ALLOTTED, CALLED UP AND FULLY PAID

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

11.

RESERVES

Profit and loss account

The profit and loss account includes all current and previous retained profits and losses.

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15-19 STOKES CROFT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

12.	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 advantage of the exemption under the terms of FRS102 from disclosing related party transactions with wholly owned entities that are part of the same group.

13.	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.

14.	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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