REGISTERED NUMBER: 06682351 (England and Wales)

Financial Statements for the Year Ended 31 January 2026

for

Stonebridge Projects Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Stubbs

Mrs N J Stubbs

REGISTERED OFFICE:

1 Featherbank Court

Horsforth

Leeds

West Yorkshire

LS18 4QF

REGISTERED NUMBER:

06682351 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

22,500,000

33,750,000

22,500,000

33,750,000

CURRENT ASSETS

Debtors

6

5,927,901

1,347,935

Cash at bank

7,775

485,609

5,935,676

1,833,544

CREDITORS

Amounts falling due within one year

7

332,630

921,476

NET CURRENT ASSETS

5,603,046

912,068

TOTAL ASSETS LESS CURRENT LIABILITIES

28,103,046

34,662,068

CREDITORS

Amounts falling due after more than one year

8

1,015,693

900,000

NET ASSETS

27,087,353

33,762,068

CAPITAL AND RESERVES

Called up share capital

8,000

8,000

Fair value reserve

10

22,499,750

33,749,625

Retained earnings

4,579,603

4,443

SHAREHOLDERS' FUNDS

27,087,353

33,762,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2026 and were signed on its behalf by:

D Stubbs - Director

1.	STATUTORY INFORMATION

Stonebridge Projects Limited 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 as modified by the revaluation of certain assets.

Turnover

Turnover in respect of consultancy income is recognised when the company obtains the right to receive consideration for services provided.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Investments in associates

Investments in associate undertakings are recognised at cost.

Financial instruments

Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - 1 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2025

1,424

1,171

19,030

21,625

Disposals

(1,424

)

(1,171

)

(19,030

)

(21,625

)

At 31 January 2026

-

-

-

-

DEPRECIATION

At 1 February 2025

1,424

1,171

19,030

21,625

Eliminated on disposal

(1,424

)

(1,171

)

(19,030

)

(21,625

)

At 31 January 2026

-

-

-

-

NET BOOK VALUE

At 31 January 2026

-

-

-

-

At 31 January 2025

-

-

-

-

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST OR VALUATION

At 1 February 2025

33,750,000

Disposals

(125

)

Revaluations

(11,249,875

)

At 31 January 2026

22,500,000

NET BOOK VALUE

At 31 January 2026

22,500,000

At 31 January 2025

33,750,000

Cost or valuation at 31 January 2026 is represented by:

Interest

in

associate

£

Valuation in 2025

33,749,625

Valuation in 2026

(11,249,875

)

Cost

250

22,500,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Other debtors

5,927,901

1,347,935

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Hire purchase contracts

12,761

-

Trade creditors

304,415

873,822

Taxation and social security

-

2,672

Other creditors

15,454

44,982

332,630

921,476

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans

1,000,000

900,000

Hire purchase contracts

15,693

-

1,015,693

900,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Bank loans

1,000,000

900,000

Reed Capital (NE) Ltd hold a fixed and floating charge on the undertakings of the company.

10.

RESERVES

Fair

value

reserve

£

At 1 February 2025

33,749,625

Revaluation

(11,249,875

)

At 31 January 2026

22,499,750

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 January 2026 and the period ended 31 January 2025:

31.1.26

31.1.25

£

£

D Stubbs

Balance outstanding at start of year

370,528

614,345

Amounts advanced

89,000

288,752

Amounts repaid

(459,528

)

(532,569

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

370,528

Interest has been charged at the official rate.