Stancourt Limited Filleted accounts for Companies House (small and micro)
Stancourt Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
03413481
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Statement of Financial Position |
2018 |
2017 |
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Note |
£ |
£ |
£ |
Fixed assets
Investments |
4 |
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Current assets
Debtors |
5 |
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Creditors: amounts falling due within one year |
6 |
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Net current liabilities |
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Total assets less current liabilities |
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(
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Net liabilities |
(
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(
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Capital and reserves
Called up share capital |
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Profit and loss account |
(
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(
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Shareholders deficit |
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(
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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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
;
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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 were approved by the
board of directors
and authorised for issue on
1 August 2019
, and are signed on behalf of the board by:
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Director |
Company registration number:
03413481
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Notes to the Financial Statements |
Year ended 31 July 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House,, 1 Hallswelle Road,, London,, NW11 ODH.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in joint ventures
Impairment of fixed assets
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
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 entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Investments
Shares in group undertakings |
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£ |
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Cost |
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At 1 August 2017 and 31 July 2018 |
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Impairment |
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At 1 August 2017 and 31 July 2018 |
– |
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Carrying amount |
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At 31 July 2018 |
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At 31 July 2017 |
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The company owns 55.88% of the issued share capital of the company detailed below
Aggregate capital and reserves
Gosberg Co. Limited
£9,178,110 (2017-£9,021,335)
Profit and (loss) for the year
Gosberg Co. Limited
£156,775(2017- £135,438)
Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
5.
Debtors
2018 |
2017 |
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£ |
£ |
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Other debtors |
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6.
Creditors:
amounts falling due within one year
2018 |
2017 |
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£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Amounts due to associated undertakings |
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Other creditors |
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7.
Related party transactions
The company was not under the control of any single party during this year or the previous year. As at 31 July 2018, the company was owed £42,004 by Starwest Limited, an associated undertaking (2017-£42,004). As at 31 July 2018, the company was owed £1,390 by Sungold Enterprises Limited, an associated undertaking (2017- £1,390). The above amounts are included within debtors. As at 31 July 2018, the company owed £779,809 (2017- £779,809) to Gosberg Co. Limited, a subsidiary of
Stancourt Limited
.