Registration number: 02342318

Stourton Properties Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

Stourton Properties Limited

Company Information

Directors

S C Elton D Elton

Registered office

The Walled Garden Baumber Horncastle LN9 5NL

Stourton Properties Limited

(Registration number: 02342318)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,436,865	2,425,779
Investment property	5	3,835,000	4,307,500
Investments	6	10	10
Other financial assets	7	3	3
		6,271,878	6,733,292
Current assets
Stocks	8	28,500	28,500
Debtors	9	18,670	128,482
Cash at bank and in hand		346,235	94,827
		393,405	251,809
Creditors: Amounts falling due within one year	10	(214,885)	(337,851)
Net current assets/(liabilities)		178,520	(86,042)
Total assets less current liabilities		6,450,398	6,647,250
Creditors: Amounts falling due after more than one year	10	-	(153,421)
Provisions for liabilities		(609,061)	(716,290)
Net assets		5,841,337	5,777,539
Capital and reserves
Called up share capital	11	345,060	345,060
Share premium reserve		221,223	221,223
Capital redemption reserve		80,784	80,784
Fair value reserve		2,138,882	2,281,288
Revaluation reserve		338,605	338,605
Profit and loss account		2,716,783	2,510,579
Shareholders' funds		5,841,337	5,777,539

Stourton Properties Limited

(Registration number: 02342318)
Balance Sheet as at 30 November 2025

For the financial year ending 30 November 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 accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 August 2026 and signed on its behalf by:
 

......................................... S C Elton Director

......................................... D Elton Director

Stourton Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Walled Garden
Baumber
Horncastle
LN9 5NL

These financial statements were authorised for issue by the Board on 27 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemptions not to prepare group accounts. .

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;

Government grants

Government grants which become receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, are recognised as income in the period in which they become receivable.

Stourton Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Tax

The tax expense for the period comprises current and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is profitable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date thatt are expected by the balance sheet date to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Machinery and implements	15% reducing balance
Office equipment	15% reducing balance and 3 years straight line
Motor vehicles	25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. Market prices are used, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Stourton Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 27 (2024 - 33).

Stourton Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4	Tangible assets

	Land and buildings £	Office equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 December 2024	2,345,773	3,599	32,469	169,059	2,550,900
Additions	25,117	-	-	-	25,117
At 30 November 2025	2,370,890	3,599	32,469	169,059	2,576,017
Depreciation
At 1 December 2024	-	2,709	12,177	110,235	125,121
Charge for the year	-	133	5,073	8,825	14,031
At 30 November 2025	-	2,842	17,250	119,060	139,152
Carrying amount
At 30 November 2025	2,370,890	757	15,219	49,999	2,436,865
At 30 November 2024	2,345,773	890	20,292	58,824	2,425,779

Included within the net book value of land and buildings above is £2,370,890 (2024 - £2,345,773) in respect of freehold land and buildings.
 

The valuations of land and buildings were made as at 30th November, 2024 by a firm of Independent Chartered Surveyors on an open market basis. by the directors.

Had this class of asset been measured on historical cost basis the carry amount would have been £1,795,789 (2024: £1,770,672).

Stourton Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

5	Investment properties

	2025 £
At 1 December	4,307,500
Disposals	(715,000)
Fair value adjustments	242,500
At 30 November	3,835,000

The valuations of land and buildings were made as at 30th November, 2024 by a firm of Independent Chartererd Surveyors on an open market basis.

6	Investments

	2025 £	2024 £
Investments in subsidiaries	10	10