REGISTERED NUMBER: 13085124 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Stride Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M S Landa

REGISTERED OFFICE:

Park House

37 Clarence Street

Leicester

LE1 3RW

REGISTERED NUMBER:

13085124 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

2,888

3,949

Investment property

5

618,219

432,853

621,107

436,802

CURRENT ASSETS

Debtors

6

169,297

20,242

Cash at bank

4,204

102,444

173,501

122,686

CREDITORS

Amounts falling due within one year

7

(495,381

)

(350,912

)

NET CURRENT LIABILITIES

(321,880

)

(228,226

)

TOTAL ASSETS LESS CURRENT LIABILITIES

299,227

208,576

CREDITORS

Amounts falling due after more than one year

8

(325,130

)

(212,905

)

NET LIABILITIES

(25,903

)

(4,329

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(26,003

)

(4,429

)

(25,903

)

(4,329

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2025 and were signed by:

M S Landa - Director

1.	STATUTORY INFORMATION

Stride Properties Ltd 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.

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.

Going concern

The financial statements have been prepared on a going concern basis. As at 31 December 2024 the company had net liabilities. The continuation of the trade is dependent on the continual support of the company's directors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

4,276

2,068

6,344

Additions

424

-

424

At 31 December 2024

4,700

2,068

6,768

DEPRECIATION

At 1 January 2024

1,491

904

2,395

Charge for year

802

683

1,485

At 31 December 2024

2,293

1,587

3,880

NET BOOK VALUE

At 31 December 2024

2,407

481

2,888

At 31 December 2023

2,785

1,164

3,949

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

432,853

Additions

185,366

At 31 December 2024

618,219

NET BOOK VALUE

At 31 December 2024

618,219

At 31 December 2023

432,853

In the opinion of the directors the fair value of the investment property at 31 December 2024 was £618,219 (2023: £432,853)

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

1,543

Other debtors

169,297

18,699

169,297

20,242

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

450

-

Taxation and social security

495

-

Other creditors

494,436

350,912

495,381

350,912

Other creditors include accruals and deferred income of £1,998 (2023: £1,902).

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

325,130

212,905

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

325,130

212,905

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Mortgage

325,130

212,905

The mortgages are secured by a fixed charge over the investment properties.