REGISTERED NUMBER: 05835696 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

STONEACRE PROPERTY DEVELOPERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Benjamin Louis Jacobs

Mr James Daniel Newman

REGISTERED OFFICE:

184 Harrogate Road

Chapel Allerton

Leeds

West Yorkshire

LS7 4NZ

REGISTERED NUMBER:

05835696 (England and Wales)

ACCOUNTANTS:

Syers McGill

9 Kerry Street

Horsforth

Leeds

West Yorkshire

LS18 4AW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

422,236

319,991

422,236

319,991

CURRENT ASSETS

Stocks

6

48,370

48,370

Debtors

7

744,514

723,816

Cash at bank

452,299

397,771

1,245,183

1,169,957

CREDITORS

Amounts falling due within one year

8

406,080

516,205

NET CURRENT ASSETS

839,103

653,752

TOTAL ASSETS LESS CURRENT LIABILITIES

1,261,339

973,743

CREDITORS

Amounts falling due after more than one year

9

(284,939

)

(160,650

)

PROVISIONS FOR LIABILITIES

11

(31,642

)

-

NET ASSETS

944,758

813,093

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

944,658

812,993

SHAREHOLDERS' FUNDS

944,758

813,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 24 November 2025 and were signed on its behalf by:

Mr Benjamin Louis Jacobs - Director

Mr James Daniel Newman - Director

1.	STATUTORY INFORMATION

Stoneacre Property Developers 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill was amortised evenly over its estimated useful economic life.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

at variable rates on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 22 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

48,500

AMORTISATION

At 1 July 2024

and 30 June 2025

48,500

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 July 2024

262,468

103,616

71,249

34,000

471,333

Additions

-

6,867

-

166,650

173,517

Reclassification/transfer

(79,193

)

-

79,193

-

-

At 30 June 2025

183,275

110,483

150,442

200,650

644,850

DEPRECIATION

At 1 July 2024

-

76,947

58,250

16,145

151,342

Charge for year

-

6,707

18,438

46,127

71,272

At 30 June 2025

-

83,654

76,688

62,272

222,614

NET BOOK VALUE

At 30 June 2025

183,275

26,829

73,754

138,378

422,236

At 30 June 2024

262,468

26,669

12,999

17,855

319,991

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

Additions

166,650

At 30 June 2025

166,650

DEPRECIATION

Charge for year

41,663

At 30 June 2025

41,663

NET BOOK VALUE

At 30 June 2025

124,987

6.

STOCKS

30.6.25

30.6.24

£

£

Stocks

48,370

48,370

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

39,584

29,704

Other debtors and prepayments

704,930

660,985

Corporation tax

-

33,127

744,514

723,816

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

-

50,926

Hire purchase contracts

19,157

-

Trade creditors

48,223

76,321

Tax

884

-

Social security and other taxes

60,806

82,954

Other creditors and accruals

275,766

304,780

Directors' current accounts

1,244

1,224

406,080

516,205

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

160,650

160,650

Hire purchase contracts

124,289

-

284,939

160,650

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.25

30.6.24

£

£

Hire purchase contracts

143,446

-

Bank loans

160,650

160,650

304,096

160,650

The Allica bank loan is secured against the freehold land at 24 Chapel Hill, Morley, Leeds, LS27 8JP.

The hire purchase contracts are secured against the assets to which they relate.

11.	PROVISIONS FOR LIABILITIES

30.6.25

30.6.24

£

£

Deferred tax

31,642

-

Deferred

tax

£

Provided during year

31,642

Balance at 30 June 2025

31,642

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

80

A Ordinary

£1

80

80

20

B Ordinary

£1

20

20

100

100

13.

RESERVES

Retained

earnings

£

At 1 July 2024

812,993

Profit for the year

131,665

At 30 June 2025

944,658

14.	RELATED PARTY DISCLOSURES

The company is related to Connaught Property Investments Limited by virtue of common control and Benharp Properties Ltd by virtue of directors in common.

At the year end, Connaught Property Investments Limited owed the company £488,422 (2024: £488,422).

At the year end, Benharp Properties Ltd owed the company £130,000 (2024: £82,000).

15.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its directors.