STAVCO CONSTRUCTION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 APRIL 2025
Company Registration Number: 04337743

STAVCO CONSTRUCTION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025
CONTENTS | PAGES
Company information | 1
Balance sheet | 2 to 3
Notes to the financial statements |  |  |  |  |  | 4 to 8

STAVCO CONSTRUCTION LIMITED
COMPANY INFORMATION
FOR THE PERIOD ENDED 30 APRIL 2025
DIRECTOR
N C Staveley
SECRETARY
The MGroup Secretarial Services Limited
REGISTERED OFFICE
C9 Glyme Court
Oxford Office Village
Langford Lane
Kidlington
Oxford
OX5 1LQ
COMPANY REGISTRATION NUMBER
04337743 England and Wales

STAVCO CONSTRUCTION LIMITED
BALANCE SHEET
AS AT 30 APRIL 2025
|  |  | Notes |  | 30 April 2025 |  |  |  | 5 April 2024
|  |  |  |  | £ |  |  |  | £
FIXED ASSETS
Investments | 5 |  |  |  | 4,325,000 |  |  |  | 4,325,000
CURRENT ASSETS
Debtors | 6 |  | 11,987 |  |  |  | 72,160
Cash at bank and in hand | 68,327 |  |  |  | 84,539
|  |  |  |  | 80,314 |  |  |  | 156,699
CREDITORS: Amounts falling due within one year | 7 |  | 36,794 |  |  |  | 34,576
NET CURRENT ASSETS | 43,520 |  |  |  | 122,123
TOTAL ASSETS LESS CURRENT LIABILITIES | 4,368,520 |  |  |  | 4,447,123
CREDITORS: Amounts falling due after more than one year | 8 |  |  |  | 2,287,500 |  |  |  | 2,287,500
Provisions for liabilities and charges | 233,049 |  |  |  | 233,049
NET ASSETS | 1,847,971 |  |  |  | 1,926,574
CAPITAL AND RESERVES
Called up share capital | 1 |  |  |  | 1
Distributable profit and loss account | 397,642 |  |  |  | 476,245
Non distributable profit and loss account | 1,450,328 |  |  |  | 1,450,328
SHAREHOLDER'S FUNDS | 1,847,971 |  |  |  | 1,926,574

STAVCO CONSTRUCTION LIMITED
BALANCE SHEET
AS AT 30 APRIL 2025
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial period ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.
Signed on behalf of the board
N C Staveley
Director
Date approved by the board: 31 December 2025

STAVCO CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025
1 | GENERAL INFORMATION
| Stavco Construction Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
| C9 Glyme Court
| Oxford Office Village
| Langford Lane
| Kidlington
| Oxford
| OX5 1LQ
| The financial statements are presented in Sterling, which is the functional currency of the company.
2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
| Basis of preparation of financial statements
| These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
| Revenue recognition

| Income is measured at the fair value of consideration received or receivable. It is recognised in respect of rental income received during the year.
| The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

| Investment properties

| Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.
| Subsequently, investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss account in the period in which they arise.

STAVCO CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025

2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
| Financial Instruments
| A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
| Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.
| Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.
| Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

| Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.

| Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
| 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 subsequently at amortised cost, less any impairment.

| Creditors
| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

STAVCO CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025
2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
| Taxation
| Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

| Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.
| Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
| Deferred tax relating to land and investment properties that is measured at fair value is measured using the tax rates and allowances that apply to the sale of the asset.

| Current and deferred tax assets and liabilities are not discounted.
| Borrowing costs
| All borrowing costs are recognised in the profit and loss account in the period in which they are incurred.
3 | CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

| The director has made key assumptions in determination of the fair value of its investment properties in respect of the state of the property market in the location where the properties are situated and in respect of the range of reasonable fair value estimates of the assets.

4 | EMPLOYEES
| The average number of persons employed by the company (including the director) during the period / year was:
|  |  |  |  |  |  |  |  | 30/04/2025 |  | 05/04/2024
| Average number of employees | 1 |  | 1

STAVCO CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025
5 | FIXED ASSET INVESTMENTS
|  |  |  |  |  |  |  |  |  |  | Investment properties
|  |  |  |  |  |  |  |  |  |  | £
| Cost
| At 6 April 2024 | 4,325,000
| At 30 April 2025 | 4,325,000
| Net book value
| At 6 April 2024 | 4,325,000
| At 30 April 2025 | 4,325,000
| In the opinion of the director, all investment properties have been stated at fair value.
6 | DEBTORS
|  |  |  |  |  |  |  |  | 30/04/2025 |  | 05/04/2024
|  |  |  |  |  |  |  |  | £ |  | £
| Prepayments and accrued income | 2,141 |  | 3,044
| Other debtors | 9,846 |  | 69,116
|  |  |  |  |  |  |  |  | 11,987 |  | 72,160
7 | CREDITORS: Amounts falling due within one year
|  |  |  |  |  |  |  |  | 30/04/2025 |  | 05/04/2024
|  |  |  |  |  |  |  |  | £ |  | £
| Taxation and social security | 3,849 |  | 8,466
| Accruals and deferred income | 31,489 |  | 26,110
| Other creditors | 1,456 |  | -
|  |  |  |  |  |  |  |  | 36,794 |  | 34,576
8 | CREDITORS: Amounts falling due after more than one year
|  |  |  |  |  |  |  |  | 30/04/2025 |  | 05/04/2024
|  |  |  |  |  |  |  |  | £ |  | £
| Bank loans and overdrafts | 1,987,500 |  | 1,987,500
| Other creditors | 300,000 |  | 300,000
|  |  |  |  |  |  |  |  | 2,287,500 |  | 2,287,500

STAVCO CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2025
9 | SECURED DEBTS
| The company has two bank loans with Handelsbanken which are secured on the properties of the company. The loans will be repaid in full on the fifth anniversary of the date of the drawdown of the loans and interest is paid on the loans quarterly at a 2.75% margin over LIBOR.
10 | CONTINGENCIES AND COMMITMENTS
|  |  |  |  |  |  |  |  | Not provided
| Deferred Taxation | 30/04/2025 |  | 05/04/2024
|  |  |  |  |  |  |  |  | £ |  | £
| Losses | 7,009 |  | 7,009
| Balance carried forward | 7,009 |  | 7,009
11 | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
| The following director's advances, credits and guarantees took place during the period:
|  |  | Balance at 6 April 2024 |  | Amounts advanced |  | Amounts repaid |  | Amounts written off or waived |  | Balance at 30 April 2025
|  |  | £ |  | £ |  | £ |  | £ |  | £
| N C Staveley | 59,270 |  | 44,747 |  | 104,017 |  | - |  | -

| Interest has been charged on this advance at the Beneficial Loan Arrangement Official Rate as prescribed by HM Revenue and Customs. The advance is repayable on demand.

12 | RELATED PARTY TRANSACTIONS
| During the period / year, the following transactions with related parties took place:
| N C Stavely
| Director | 30/04/2025 |  | 05/04/2024
|  |  |  |  |  |  |  |  | £ |  | £
| Advances to company |  | The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the period / year end, the company owed the director the following amount: |  | 481 |  | -

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