Stoodly Enterprises Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04084478 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Stoodly Enterprises Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C N Tweed

REGISTERED OFFICE:

37 Chamberlain Street

Wells

BA5 2PQ

REGISTERED NUMBER:

04084478 (England and Wales)

ACCOUNTANTS:

Probusiness Ltd

St Lawrence Lodge

37 Chamberlain Street

Wells

Somerset

BA5 2PQ

FIXED ASSETS

Tangible assets

3

663

828

Investment property

4

935,000

935,000

935,663

935,828

CURRENT ASSETS

Debtors

5

2,042

-

Cash at bank

21,003

15,484

23,045

15,484

CREDITORS

Amounts falling due within one year

6

(240,785

)

(240,168

)

NET CURRENT LIABILITIES

(217,740

)

(224,684

)

TOTAL ASSETS LESS CURRENT LIABILITIES

717,923

711,144

CREDITORS

Amounts falling due after more than one year

7

(170,240

)

(224,031

)

NET ASSETS

547,683

487,113

CAPITAL AND RESERVES

Called up share capital

300

300

Non-distributable reserves

8

314,879

314,879

Retained earnings

232,504

171,934

SHAREHOLDERS' FUNDS

547,683

487,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 December 2019 and were signed by:

C N Tweed - Director

1.	STATUTORY INFORMATION

Stoodly Enterprises 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 comprises revenue recognised by the company in respect of property sales and rentals in the

year.

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 etc

-

20% on cost

Investment property

Investment properties are included in the Balance Sheet at their fair value in accordance with

Financial Reporting Standard 102 and are not depreciated. This treatment is contrary to the

Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the

directors, necessary in oder to give a true and fair view of the financial position of the company.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

and 31 March 2019

34,581

DEPRECIATION

At 1 April 2018

33,753

Charge for year

165

At 31 March 2019

33,918

NET BOOK VALUE

At 31 March 2019

663

At 31 March 2018

828

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

and 31 March 2019

935,000

NET BOOK VALUE

At 31 March 2019

935,000

At 31 March 2018

935,000

Fair value at 31 March 2019 is represented by:

£

Valuation in 2017

935,000

If the investment property had not been revalued it would have been included at the following

historical cost:

31.3.19

31.3.18

£

£

Cost

651,886

651,886

Aggregate depreciation

(156,452

)

(156,452

)

The investment property was valued on an open market basis basis on 30 June 2016 by Mark Brearley & Co

.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

2,042

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Bank loans and overdrafts

53,000

53,000

Trade creditors

2,042

-

Taxation and social security

19,083

19,766

Other creditors

166,660

167,402

240,785

240,168

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Other creditors

170,240

224,031

8.

RESERVES

Retained earnings

Non-distributable reserves

£

£

At 1 April 2017

113,426

314,879

Revaluation net movement

-

-

Retained profit for the year

60,938

At 31 March 2018

174,364

314,879