| Registered number:
|  |  |  |  |  |  | 04936085
Sterne Properties Limited
Filleted Accounts
5 April 2025

Sterne Properties Limited
Balance Sheet
5 April 2025
Company Registration Number: 04936085
|  | Note | 2025 |  | 2024
|  |  | £ |  | £
| Fixed assets
| Property, plant and equipment | 7 |  | 35,714 |  |  | 28,918
| Investment property | 8 |  | 12,026,885 |  |  | 11,519,869
|  |  |  | 12,062,599 |  |  | 11,548,787
| Current assets
| Inventories | 359,200 |  |  | 305,708
| Debtors | 9 | 474,949 |  |  | 459,222
| Cash and cash equivalents | 104,288 |  |  | 400,714
|  |  | 938,437 |  |  | 1,165,644
| Creditors: Amounts falling due within one year | 10 | 1,116,912 |  |  | 1,342,992
| Net current assets / (liabilities) | (178,475) |  |  | (177,348)
| Total assets less current liabilities | 11,884,124 |  |  | 11,371,439
| Creditors: Amounts falling due after more than one year | 11 |  | 4,084,649 |  |  | 3,895,089
| Deferred tax liabilites |  |  | 685,728 |  |  | 655,541
| Net assets | 7,113,747 |  |  | 6,820,809
| Equity
| Called up share capital |  |  | 1,000 |  |  | 1,000
| Share premium account |  |  | 1,745,003 |  |  | 1,745,003
| Retained earnings |  |  | 5,367,744 |  |  | 5,074,806
|  |  |  | 7,113,747 |  |  | 6,820,809
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
| The 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.
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
| R G L Sterne
| Director
| Approved by the board on 18 December 2025

Sterne Properties Limited
Notes to the Accounts
Year ended 5 April 2025
1. | Statutory information
| Sterne Properties Limited (registration number 04936085) is a private company, limited by shares and incorporated in England and Wales. The registered office is Yew Tree House, Aldfield, Ripon, North Yorkshire, HG4 3BE.
2. | Compliance with accounting standards
| The accounts are prepared in accordance with the provisions of Section 1A of the Financial Reporting Standard 102 (FRS 102) and the Companies Act 2006. There were no material departures from the standard or the Act.
| The presentation currency is £ sterling.
3. | Accounting policies
| The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have been consistemntly applied within the same accounts.
| Turnover
| Turnover represents rents receivable under operating leases and income from property maintenance work exclusive of Value Added Tax.
| Property, plant and equipment
| Property, plant and equipment is stated at cost, net of depreciation and any provision for impairment. The annual rates and methods of depreciation are as follows:-
| Plant and machinery | 20% straight line basis
| Investment property
| Investment property is measured at fair value through profit or loss. Any surplus or deficit in fair value arising during the year recognised in the income statement.
| Work in progress
| Work in progress is stated at the lower of cost and net realisable value.
| Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed by the balance sheet date.
| Financial instruments
| Basic financial instruments are recognised at amortised cost.
4. | Employees
|  |  |  |  |  |  |  | 2025 | 2024
| Average number of persons employed by the company | 2 |  | 2
5. | Taxation
| Analysis of tax charge
|  |  |  |  |  |  |  | 2025 | 2024
£ | £
| Current tax on income for the period | 65,434 |  | 36,759
| Deferred tax | 30,187 |  | 42,011
| Total tax on profit on ordinary activities | 95,621 |  | 78,770
6. | Intangible fixed assets
Goodwill
£
| Cost
| At 6 April 2024 and 5 April 2025 | 1
| Amortisation
| At 6 April 2024 and 5 April 2025 | 1
| Net book value
| At 6 April 2024 and 5 April 2025 | -
7. | Property, plant and equipment
|  |  |  |  |  |  |  |  |  | Plant and machinery
£
| Cost
| At 6 April 2024 | 77,562
| Additions | 15,691
| At 5 April 2025 | 93,253
| Depreciation
| At 6 April 2024 | 48,644
| Charge for the year | 8,895
| At 5 April 2025 | 57,539
| Net book value
| At 5 April 2024 | 28,918
| At 5 April 2025 | 35,714
8. | Investment property
|  |  |  |  |  |  |  |  |  | Freehold investment property
£
| Cost
| At 6 April 2024 | 11,519,869
| Additions | 390,035
| Disposals | -
| Revaluation | 116,981
| At 5 April 2025 | 12,026,885
| The company's freehold investment property was valued on 5 April 2025 by the directors with reference to indepenedent professional advice. The basis of this valuation was current open market value.
| The historical cost of freehold investment property is £8,922,753 (2024 - £8,412,479).
| Freehold investment property with a carrying amount of £9,555,000 (2024 - £9,478,019) has been provided as security for the bank loans.
9. | Debtors
|  |  |  |  |  |  |  | 2025 | 2024
£ | £
| Trade debtors | 28,867 |  | 9,924
| Other debtors | 434,520 |  | 435,860
| Prepayments | 11,562 |  | 13,438
|  |  |  |  |  |  |  |  | 474,949 |  | 459,222
10. | Creditors: amounts falling due within one year
|  |  |  |  |  |  |  | 2025 | 2024
£ | £
| Bank loans and overdraft | 10,440 |  | 10,183
| Trade creditors | 52,575 |  | 16,988
| Social security and other taxes | 23,276 |  | 36,568
| Other creditors | 144,650 |  | 129,524
| Corporation tax | 99,521 |  | 93,730
| Directors' loans | 735,578 |  | 1,012,604
| Accruals | 50,872 |  | 43,395
|  |  |  |  |  |  |  |  | 1,116,912 |  | 1,342,992
11. | Creditors: amounts falling due after more than one year
|  |  |  |  |  |  |  | 2025 | 2024
£ | £
| Bank loans | 3,350,151 |  | 3,160,591
| Other creditors | 734,498 |  | 734,498
|  |  |  |  |  |  |  |  | 4,084,649 |  | 3,895,089
12. | Loans
| Bank loans are as follows
|  |  |  |  |  |  |  | 2025 | 2024
£ | £
| Repayable by installments | 13,091 |  | 23,274
| Repayable other than by installments | 3,347,500 |  | 3,147,500
|  |  |  |  |  |  |  |  | 3,360,591 |  | 3,170,774
12. | Loans (continued)
|  |  |  |  |  |  |  | 2025 | 2024
£ | £
| Analysis of loan installments
| Due within one year | 10,440 |  | 10,183
| Due between one and two years | 3,350,151 |  | 10,440
| Due between two and five years | - |  | 3,150,151
|  |  |  |  |  |  |  |  | 3,360,591 |  | 3,170,774
| Security has been given by the company in respect of the bank loans
13. | Related party transactions
| M L Sterne, a director, continued to make funds available to the company. At the balance sheet date the amount due to M L Sterne was £795,221 (2024 - £1,012,604).
14. | Controlling party
| The company is controlled by M L Sterne and S F Sterne by virtue of their ownership of 100% of the company's issued share capital.

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