1 May 2025 v2026.41.1 limited_company_frs_102_section_1a_v1_1_4 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsexbrli:purexbrli:sharesiso4217:GBP120756912025-05-012026-04-30120756912026-04-3012075691bus:Director12025-05-012026-04-3012075691bus:Director22025-05-012026-04-3012075691bus:RegisteredOffice2025-05-012026-04-30120756912024-05-012025-04-30120756912025-04-3012075691core:WithinOneYear2026-04-3012075691core:WithinOneYear2025-04-3012075691core:AfterOneYear2026-04-3012075691core:AfterOneYear2025-04-3012075691core:ShareCapital2026-04-3012075691core:ShareCapital2025-04-3012075691core:RetainedEarningsAccumulatedLosses2026-04-3012075691core:RetainedEarningsAccumulatedLosses2025-04-3012075691core:FurnitureFittingsToolsEquipment2025-05-012026-04-3012075691core:OfficeEquipment2025-05-012026-04-3012075691core:PlantMachinery2025-05-0112075691core:PlantMachinery2025-05-012026-04-3012075691core:PlantMachinery2026-04-3012075691core:PlantMachinery2025-04-301207569112025-05-012026-04-3012075691countries:EnglandWales2025-05-012026-04-3012075691bus:AuditExempt-NoAccountantsReport2025-05-012026-04-3012075691bus:PrivateLimitedCompanyLtd2025-05-012026-04-3012075691bus:SmallEntities2025-05-012026-04-3012075691bus:FullAccounts2025-05-012026-04-30
Company registration number:
12075691
Take Stok Limited
Unaudited Financial Statements for the year ended
30 April 2026
Take Stok Limited
Officers and Professional Advisers
Year ended
30 April 2026
Directors
Mr Simon William Harvey Edwards
Mr Richard Edward Rees
Registered office
Vantage House, 4 The Office Village
Chester Business Park
Sandpiper Court
Chester
CH4 9QZ
United Kingdom
Take Stok Limited
Directors' Report
Year ended
30 April 2026
The directors present their report and the unaudited
financial statements
of the company for the year ended 30 April 2026.

Directors

The directors who served the company during the year were as follows:
Mr Simon William Harvey Edwards
Mr Richard Edward Rees

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
3 November 2026
and signed on behalf of the board by:
Mr Richard Edward Rees
Director
Take Stok Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Take Stok Limited
Year ended
30 April 2026
As described on the statement of financial position, the Board of Directors of
Take Stok Limited
are responsible for the preparation of the
financial statements
for the year ended
30 April 2026
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Take Stok Limited
Income Statement
Year ended
30 April 2026
20262025
Note££
Turnover
1,125,223
 
289,636
 
Cost of sales
(95,984
 ) (23,332 )
Gross profit
1,029,239
 
266,304
 
Administrative expenses
(529,014
 )
(656,355
 )
Operating profit/(loss)
500,225
 
(390,051
 )
Interest payable and similar expenses
(706,744
 )
(353,427
 )
Loss before tax 4
(206,519
 )
(743,478
 )
Tax on loss
28,320
 
193,004
 
Loss for the financial year
(178,199
 )
(550,474
 )
The company has no other recognised items of income or expense other than the results for the year as set out above.
Take Stok Limited
Statement of Financial Position
30 April 2026
20262025
Note££
Fixed assets    
Tangible assets 6
229,227
 
388,588
 
Current assets    
Stocks
11,624,000
 
11,586,914
 
Debtors 7
774,038
 
786,941
 
Cash at bank and in hand
172,220
 
224,983
 
12,570,258
 
12,598,838
 
Creditors: amounts falling due within one year 8
(434,339
 )
(436,379
 )
Net current assets
12,135,919
 
12,162,459
 
Total assets less current liabilities 12,365,146   12,551,047  
Creditors: amounts falling due after more than one year 9
(13,369,936
 )
(13,338,055
 )
Provisions for liabilities
(57,565
 )
(97,148
 )
Net liabilities
(1,062,355
 )
(884,156
 )
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(1,062,455
 )
(884,256
 )
Shareholders deficit
(1,062,355
 )
(884,156
 )
For the year ending
30 April 2026
, 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 year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These
financial statements
were approved by the board of directors and authorised for issue on
3 November 2026
, and are signed on behalf of the board by:
Mr Richard Edward Rees
Director
Company registration number:
12075691
Take Stok Limited
Notes to the Financial Statements
Year ended
30 April 2026

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Vantage House, 4 The Office Village
,
Chester Business Park
,
Sandpiper Court
,
Chester
,
CH4 9QZ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. Whilst the company has incurred losses during the year and, at the reporting date, has an accumulated loss, the Directors have prepared forecasts which indicate that, as revenues increase, the company is expected to generate sufficient cash inflows to exceed operating costs in future periods. Until such time, the company continues to be funded by its shareholders.
Based on these factors, the Directors believe that the going concern basis of preparation remains appropriate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures, fittings and equipment
33% straight line
Office equipment
33% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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 stocks to their present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to se)le on a net basis or to realise the asset and se)le the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
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 a-er deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as noncurrent liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is se led or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Borrowing Costs

Borrowing costs that are directly attributable to the acquisition or construction of property stock are capitalised as part of the cost of those assets. Interest charged on finance arrangements entered into to fund the acquisition and development of stock items is added to the cost of property stock while the relevant property is in its active development phase.
Capitalisation commences when development expenditure is being incurred and activities necessary to prepare the property for sale are in progress, and ceases when substantially all development work, including initial tenanting activities to make ready for sale, is complete. Borrowing costs relating to general borrowings, or to periods when the development is not actively progressing, are expensed to profit or loss as incurred.

4 Loss before tax

Loss before tax is stated after charging/(crediting):
20262025
££
Depreciation of tangible assets
173,761
 
113,041
 
Interest payable to group undertakings
706,744
 
353,427
 

5 Average number of employees

The average number of persons employed by the company during the year was
2
(2025:
3
).

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 May 2025
510,025
 
Additions
14,399
 
At
30 April 2026
524,424
 
Depreciation  
At
1 May 2025
121,437
 
Charge
173,760
 
At
30 April 2026
295,197
 
Carrying amount  
At
30 April 2026
229,227
 
At 30 April 2025
388,588
 

7 Debtors

20262025
££
Other debtors
774,038
 
786,941
 
The debtors above include the following amounts falling due after more than one year:
20262025
££
Other debtors
755,350
 
766,613
 
The amounts held in debtors that are falling due after more than one year represent the deferred tax assets held in relation to tax losses.

8 Creditors: amounts falling due within one year

20262025
££
Trade creditors
91,812
 
68,390
 
Taxation and social security
24,979
 
8,531
 
Other creditors
317,548
 
359,458
 
434,339
 
436,379
 

9 Creditors: amounts falling due after more than one year

20262025
££
Other creditors
13,369,936
 
13,338,055
 
The amounts noted above include 3,500,000 (2025: 3,500,000) held in relation to government grants, 9,847,161 (2025: 9,799,234) in relation to other borrowings and 22,775 (2025: 38,821) in relation to obligations under finance leases.
The obligations under finance leases are secured by a fixed charge over the assets purchased.

11 Deferred taxation

The company has deferred tax assets generated from tax losses:
2026: 755,350
2025: 766,613
These amounts are held in Debtors on the balance sheet.
The company has deferred tax liabilities generated from accelerated capital allowances:
2026: 57,566
2025: 97,148
These amounts are held in Provisions for liabilities on the balance sheet.
During the year 28,319.75 was credited to the profit and loss in relation to the movement on these balances.

12 Government grants

The Company received a government grant of £3.5 million from Stockport MBC in 2023 to support the acquisition and development of a specific property as part of the government’s Getting Building Fund. In accordance with the requirements of FRS 102, the grant is recognised as deferred income on the balance sheet to be released to the profit and loss in line with the cost of the underlying asset.
The grant is therefore to be released to profit or loss when the associated stock property is sold. The directors anticipate that the sale of the property will be achieved after 12 months and as such, it is appropriate to include the deferred income balance as greater than one year.

13 Called up share capital

Ordinary share capital, issued and fully paid as at 30 April 2025 and 2026:
50 Ordinary A shares of £1 each
50 Ordinary B shares of £1 each.