Stone Pale Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12612756

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		761		1,284
Investment Properties	5		519,544		416,418

			520,305		417,702
CURRENT ASSETS
Debtors	6	51,045		76,786
Cash at bank and in hand		49,493		54,083

		100,538		130,869
Creditors: Amounts Falling Due Within One Year	7	(20,095 )		(9,454 )

NET CURRENT ASSETS (LIABILITIES)			80,443		121,415

TOTAL ASSETS LESS CURRENT LIABILITIES			600,748		539,117

Creditors: Amounts Falling Due After More Than One Year	8		(562,361 )		(527,681 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(190 )		(321 )

NET ASSETS			38,197		11,115

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			38,196		11,114

SHAREHOLDERS' FUNDS			38,197		11,115

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Stone Pale Properties Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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

Mrs G F Weddell

Director

19/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Stone Pale Properties Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12612756 . The registered office is 19 Bamford Road, Heywood, Lancashire, OL10 4TA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting

Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies

Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary

amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting

policies adopted are set out below.

2.2. Turnover

Turnover is recognised at the fair value of the consideration received or receivable for management charges

and rental income provided in the normal course of business.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% straight line
Computer Equipment	25% straight line

2.4. Investment Properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially

recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently

it is measured at fair value at the reporting end date. Changes in fair value are recognised in the profit and loss account.

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12

‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when

there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a

net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include other debtors and cash and bank balances, are initially measured at

transaction price including transaction costs and are subsequently carried at amortised cost using the

effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the

assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including other creditors, are initially recognised at transaction price unless the

arrangement constitutes a financing transaction, where the debt instrument is measured at the present value

of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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Stone Pale Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. Taxation

The tax expense represents the sum of the current tax expense and deferred tax expense. Current tax assets are recognised when tax paid exceeds the tax payable.

Current and deferred tax is charged or credited to profit or loss, except when it relates to items charged or

credited to other comprehensive income or equity, when the tax follows the transaction or event it relates to

and is also charged or credited to other comprehensive income, or equity.

Current tax assets and current tax liabilities and deferred tax assets and deferred tax liabilities are offset, if

and only if, there is a legally enforceable right to set off the amounts and the entity intends either to settle on

the net basis or to realise the asset and settle the liability simultaneously.

Current tax is based on taxable profit for the year. Current tax assets and liabilities are measured using tax

rates that have been enacted or substantively enacted by the reporting date.

Deferred tax is calculated at the tax rates that are expected to apply to the period when the asset is realised

or the liability is settled based on tax rates that have been enacted or substantively enacted by the reporting

date.

Deferred tax liabilities are recognised in respect of all timing differences that exist at the reporting date. Timing differences are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in different periods from their recognition in the

financial statements. Deferred tax assets are recognised only to the extent that it is probable that they will be

recovered by the reversal of deferred tax liabilities or other future taxable profits.

For non-depreciable assets measured using the revaluation model and investment properties measured at

fair value (except investment property with a limited useful life held by the company to consume substantially

all of its economic benefit), deferred tax is measured using the tax rates and allowances that apply to the sale

of the asset or property.

2.7. Equity instruments

Equity instruments issued by the company are recorded at the fair value of proceeds received, net of

transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no

longer at the discretion of the company.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	590	2,076	2,666

As at 31 March 2025	590	2,076	2,666

Depreciation
As at 1 April 2024	177	1,205	1,382
Provided during the period	147	376	523

As at 31 March 2025	324	1,581	1,905

Net Book Value
As at 31 March 2025	266	495	761

As at 1 April 2024	413	871	1,284

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Stone Pale Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	416,418
Additions	103,126

As at 31 March 2025	519,544

If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts

would have been included as follows:

	2025	2024
	£	£
Cost	-	41,648

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	39,639	4,763
Prepayments and accrued income	9,327	-
Other debtors	2,079	477
Director's loan account	-	71,546

	51,045	76,786

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	9,366	2,450
Corporation tax	-	1,779
Other creditors	5,225	5,225
Director's loan account	5,504	-

	20,095	9,454

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Amounts owed to group undertakings	562,361	527,681

9. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 1.00 each	1	1

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