Stanley Hill Properties Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10385471 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2019

for

Stanley Hill Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mrs JC Cook

AJ Cook

REGISTERED OFFICE:

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

REGISTERED NUMBER:

10385471 (England and Wales)

ACCOUNTANTS:

Lawrence & Company

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

FIXED ASSETS

Tangible assets

4

979,889

979,889

CURRENT ASSETS

Debtors

5

250

5,700

Cash at bank

66

11,170

316

16,870

CREDITORS

Amounts falling due within one year

6

579,977

592,515

NET CURRENT LIABILITIES

(579,661

)

(575,645

)

TOTAL ASSETS LESS CURRENT LIABILITIES

400,228

404,244

CREDITORS

Amounts falling due after more than one year

7

395,406

407,285

NET ASSETS/(LIABILITIES)

4,822

(3,041

)

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

10

4,622

(3,241

)

SHAREHOLDERS' FUNDS

4,822

(3,041

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 on 20 March 2020 and were signed on its behalf by:

AJ Cook - Director

1.	STATUTORY INFORMATION

Stanley Hill Properties Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Tangible fixed assets

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

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 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 October 2018

and 30 September 2019

979,889

NET BOOK VALUE

At 30 September 2019

979,889

At 30 September 2018

979,889

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Amounts owed by associates

250

5,700

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Bank loans and overdrafts (see note 8)

36,420

34,800

Trade creditors

534

-

Tax

1,084

-

Directors' current accounts

540,849

556,935

Accrued expenses

1,090

780

579,977

592,515

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.19

30.9.18

£

£

Bank loans (see note 8)

395,406

407,285

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

249,726

268,085

8.

LOANS

An analysis of the maturity of loans is given below:

30.9.19

30.9.18

£

£

Amounts falling due within one year or on demand:

Bank loans

36,420

34,800

Amounts falling due between one and two years:

Bank loans - 1-2 years

36,420

34,800

Amounts falling due between two and five years:

Bank loans - 2-5 years

109,260

104,400

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

249,726

268,085

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.19

30.9.18

value:

£

£

200

Ordinary

£1

200

200

10.

RESERVES

Retained

earnings

£

At 1 October 2018

(3,241

)

Profit for the year

7,863

At 30 September 2019

4,622

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2019 and

30 September 2018:

30.9.19

30.9.18

£

£

AJ Cook and Mrs JC Cook

Balance outstanding at start of year

(556,935

)

(548,332

)

Amounts advanced

(1,071

)

(23,610

)

Amounts repaid

23,540

15,007

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(534,466

)

(556,935

)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2019 set out on pages three to eight and you consider that the company is exempt from an audit.

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 information and explanations supplied to us.

Lawrence & Company

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

21 March 2020