Company No: 08176374 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	1,416		2,415
		1,416		2,415
Current assets
Debtors
- due within one year	4	106,935		94,243
- due after more than one year	4	302,200		149,000
Cash at bank and in hand		57,126		100,324
		466,261		343,567
Creditors: amounts falling due within one year	5	( 91,395)		( 24,319)
Net current assets		374,866		319,248
Total assets less current liabilities		376,282		321,663
Net assets		376,282		321,663
Capital and reserves
Called-up share capital	6	120		120
Profit and loss account		376,162		321,543
Total shareholders' funds		376,282		321,663

For the financial year ending 30 September 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Staunton Property Asset Management 1 Limited (registered number: 08176374) were approved and authorised for issue by the Board of Directors on 23 June 2026. They were signed on its behalf by:

Mr H J Boulter Director

Mr J P G Rooth Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Staunton Property Asset Management 1 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Culver Combe, Chudleigh, Newton Abbot, TQ13 0EL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the provision of services to customers.

Taxation

Current tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also reocgnsied directly in other comprehensive income.

The current corporation tax chatge is calculated on the absis of tax rates and laws that have been enacted or substatively enacted by the reporting date in the countries where the compnat operates and generates taxable income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Office equipment

4 years straight line

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 October 2024	3,998		3,998
At 30 September 2025	3,998		3,998
Accumulated depreciation
At 01 October 2024	1,583		1,583
Charge for the financial year	999		999
At 30 September 2025	2,582		2,582
Net book value
At 30 September 2025	1,416		1,416
At 30 September 2024	2,415		2,415

4. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Trade debtors	0		35,527
Amounts owed by Group undertakings	1,500		0
Amounts owed by associates	9,714		9,714
Amounts owed by directors	118		118
Prepayments and accrued income	50,962		4,480
VAT recoverable	237		0
Other debtors	44,404		44,404
	106,935		94,243
Debtors: amounts falling due after more than one year
Other debtors	302,200		149,000

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	864		313
Accruals	1,425		1,282
Taxation and social security	89,106		22,724
	91,395		24,319

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
30 Ordinary A shares of £ 1.00 each	30		30
30 Ordinary B shares of £ 1.00 each	30		30
30 Ordinary C shares of £ 1.00 each	30		30
30 Ordinary D shares of £ 1.00 each	30		30
	120		120