St Mary's Development (Kent) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09688211

St Mary's Development (Kent) Ltd

Filleted Unaudited Financial Statements

31 August 2025

St Mary's Development (Kent) Ltd

Statement of Financial Position

31 August 2025

	2025	2024
Note	£	£

Current assets

Stocks		1,396,490	1,396,490
Debtors	4	501	–
Cash at bank and in hand		2,446	1,929
		------------	------------
		1,399,437	1,398,419

Creditors: amounts falling due within one year	5	830,286	752,467
		------------	------------
Net current assets		569,151	645,952
		---------	---------
Total assets less current liabilities		569,151	645,952

Creditors: amounts falling due after more than one year	6	627,799	676,893
		---------	---------
Net liabilities		( 58,648)	( 30,941)
		---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 58,649)	( 30,942)
	--------	--------
Shareholders deficit	( 58,648)	( 30,941)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

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

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

St Mary's Development (Kent) Ltd

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 29 July 2026 , and are signed on behalf of the board by:

Mr B Heer
Director

Company registration number: 09688211

St Mary's Development (Kent) Ltd

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

4. Debtors

	2025	2024
	£	£
Other debtors	501	–
	----	----

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	47,276	47,276
Amounts owed to group undertakings and undertakings in which the company has a participating interest	565,581	486,942
Other creditors	217,429	218,249
	---------	---------
	830,286	752,467
	---------	---------

6. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	627,799	676,893
	---------	---------

The bank loan is secured with a fixed and floating charge over all the property or undertaking of the company.

Included in creditors is bank loan of £465,662 due after 5 years.

7. Going concern

The companies liabilities exceed its assets by £58,648 as at the year end. The directors have stated that they will continue to support the company and therefore the company will continue on a going concern basis.