Stangate Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04465324 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2026

FOR

STANGATE PROPERTIES LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

234,554

235,917

Investments

6

278,530

Investment property

7

282,836

795,920

797,283

CURRENT ASSETS

Debtors

8

104,595

102,319

Cash at bank and in hand

667,432

554,533

772,027

656,852

CREDITORS

Amounts falling due within one year

9

841,762

761,058

NET CURRENT LIABILITIES

(69,735

)

(104,206

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

726,185

693,077

CREDITORS

Amounts falling due after more than one
year

10

526,051

577,585

NET ASSETS

200,134

115,492

CAPITAL AND RESERVES

Called up share capital

12

103

Retained earnings

13

200,031

115,389

SHAREHOLDERS' FUNDS

200,134

115,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2026 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2026 and were signed on its behalf by:

Mr J M Gay - Director

Mrs C M Shambrook - Director

1.	STATUTORY INFORMATION

Stangate Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04465324

Registered office:

The Wright Property

19 Cross Street

BARNSTAPLE

EX31 1BD

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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Equipment

-

33% on cost and 15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 Profit and loss account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2025 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2025

and 30 June 2026

94,030

AMORTISATION

At 1 July 2025

and 30 June 2026

94,030

NET BOOK VALUE

At 30 June 2026

-

At 30 June 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Equipment

Totals

£

COST

At 1 July 2025

and 30 June 2026

162,258

68,213

25,968

43,364

299,803

DEPRECIATION

At 1 July 2025

-

20,522

43,364

63,886

Charge for year

-

1,363

-

1,363

At 30 June 2026

-

21,885

43,364

65,249

NET BOOK VALUE

At 30 June 2026

162,258

68,213

4,083

-

234,554

At 30 June 2025

162,258

68,213

5,446

-

235,917

6.	FIXED ASSET INVESTMENTS

Investment

in

subsidiaries

£

COST

At 1 July 2025

and 30 June 2026

278,530

NET BOOK VALUE

At 30 June 2026

278,530

At 30 June 2025

278,530

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2025

and 30 June 2026

282,836

NET BOOK VALUE

At 30 June 2026

282,836

At 30 June 2025

282,836

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

100,195

97,931

Other debtors

4,400

4,388

104,595

102,319

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts

55,920

55,427

Hire purchase contracts

482

7,121

Trade creditors

2,687

4,925

Taxation and social security

97,747

55,244

Other creditors

684,926

638,341

841,762

761,058

Other creditors includes £591,729 (2025: £555,618) which represents tenant deposits held in a separate bank account.

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2026

2025

£

Bank loans

519,726

577,585

Hire purchase contracts

6,325

-

526,051

577,585

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

146,436

188,887

Other creditors

186,266

332,702

375,153

11.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank loans

389,380

445,251

A charge dated 16 February 2017 and debenture charge dated 17 May 2010 exists between Lloyds Bank Plc and the company over its assets.

The director, Mr J Gay, has provided a personal guarantee over one of the loans. The value outstanding on this loan at the year end is £170,028.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

100

Ordinary

£1

100

3

Non Equity Classes A, B and C

£1

3

103

13.

RESERVES

Retained

earnings

£

At 1 July 2025

115,389

Profit for the year

159,892

Dividends

(75,250

)

At 30 June 2026

200,031

14.	RELATED PARTY DISCLOSURES

The company charged Mr J Gay £12,861 (2025: £8,077) in respect of property management fees during the year. The fees were on a normal commercial basis.

The ultimate controlling party is Mr J Gay and Mrs C Shambrook.