Stanmer Stables Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 14663940 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

STANMER STABLES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

L M Baker

P F J McDonnell

M A Ratcliffe

REGISTERED OFFICE:

Patcham Place

London Road

Brighton

BN1 8YD

REGISTERED NUMBER:

14663940 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Investment property

4

5,734,208

CURRENT ASSETS

Debtors

5

2,033,600

CREDITORS

Amounts falling due within one year

6

5,223,508

5,409,410

NET CURRENT LIABILITIES

(3,189,908

)

(3,375,810

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,544,300

2,358,398

CREDITORS

Amounts falling due after more than one
year

7

2,587,241

2,397,241

NET LIABILITIES

(42,941

)

(38,843

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(43,041

)

(38,943

)

SHAREHOLDERS' FUNDS

(42,941

)

(38,843

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

P F J McDonnell - Director

1.	STATUTORY INFORMATION

Stanmer Stables 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.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Significant judgements and estimates

The only significant judgement or estimate included within these financial statements is the year end property valuation. This is discussed elsewhere within these notes.

Turnover

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

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 Income Statement, 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.

Exemption from audit by parent guarantee

For the year ending 31/05/2025 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

and 31 May 2025

5,734,208

NET BOOK VALUE

At 31 May 2025

5,734,208

At 31 May 2024

5,734,208

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Amounts owed by group undertakings

2,020,619

Other debtors

12,981

2,033,600

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

Trade creditors

6,240

-

Amounts owed to group undertakings

5,211,868

5,399,611

Other creditors

5,400

9,799

5,223,508

5,409,410

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

Bank loans

2,587,241

2,397,241

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

2,587,241

2,397,241

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

Bank loans

2,587,241

2,397,241

The lenders, Yorkshire Building Society, hold a first legal charge over the property held by the company, namely 1 to 8 the Old Stable Block, Stanmer Village, Stanmer, Brighton.

9.	RELATED PARTY DISCLOSURES

The company is also involved in group financing arrangements with other group entities, providing finance and receiving financial support. The company's immediate parent, Threadneedle Estates Ltd provides banking facilities on behalf of Stanmer Stables Ltd. At the year end the following balances existed:

TNC Group Holdings Ltd owed £2,020,619 2024 (2,020,619)

Threadneedle Estates Ltd was owed £ 5,202,376 (2024: 5,394,919 )

KSD Support Services Ltd was owed £9,492 (2024: £4,692).

The directors messrs McDonnell and Ratcliffe have each provided personal guarantees to the Yorkshire Bank in respect of the loan finance received. These guarantees are capped at £235,000 each.

A further amount is owed by a company outside the group but under common control, £200,000 (2024: Nil) is owed by KSD Environmental Ltd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stanmer Stables Ltd for the year ended 31 May 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Stanmer Stables Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stanmer Stables Ltd and state those matters that we have agreed to state to the Board of Directors of Stanmer Stables Ltd, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stanmer Stables Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Stanmer Stables Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Stanmer Stables Ltd. You consider that Stanmer Stables Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stanmer Stables Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

29 May 2026