STANHOPE GARDENS LIMITED

STANHOPE GARDENS LIMITED - Company Information

2022-01-012022-12-312022-12-31false01884773STANHOPE GARDENS LIMITED2023-08-2968100iso4217:GBPxbrli:pure018847732022-01-01018847732022-12-31018847732022-01-012022-12-31018847732021-01-01018847732021-12-31018847732021-01-012021-12-3101884773bus:SmallEntities2022-01-012022-12-3101884773bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3101884773bus:FullAccounts2022-01-012022-12-3101884773bus:PrivateLimitedCompanyLtd2022-01-012022-12-3101884773core:WithinOneYear2022-12-3101884773core:AfterOneYear2022-12-3101884773core:WithinOneYear2021-12-3101884773core:AfterOneYear2021-12-3101884773core:ShareCapital2022-12-3101884773core:SharePremium2022-12-3101884773core:RevaluationReserve2022-12-3101884773core:OtherReservesSubtotal2022-12-3101884773core:RetainedEarningsAccumulatedLosses2022-12-3101884773core:ShareCapital2021-12-3101884773core:SharePremium2021-12-3101884773core:RevaluationReserve2021-12-3101884773core:OtherReservesSubtotal2021-12-3101884773core:RetainedEarningsAccumulatedLosses2021-12-3101884773core:LandBuildings2022-12-3101884773core:PlantMachinery2022-12-3101884773core:Vehicles2022-12-3101884773core:FurnitureFittings2022-12-3101884773core:OfficeEquipment2022-12-3101884773core:NetGoodwill2022-12-3101884773core:IntangibleAssetsOtherThanGoodwill2022-12-3101884773core:ListedExchangeTraded2022-12-3101884773core:UnlistedNon-exchangeTraded2022-12-3101884773core:LandBuildings2021-12-3101884773core:PlantMachinery2021-12-3101884773core:Vehicles2021-12-3101884773core:FurnitureFittings2021-12-3101884773core:OfficeEquipment2021-12-3101884773core:NetGoodwill2021-12-3101884773core:IntangibleAssetsOtherThanGoodwill2021-12-3101884773core:ListedExchangeTraded2021-12-3101884773core:UnlistedNon-exchangeTraded2021-12-3101884773core:LandBuildings2022-01-012022-12-3101884773core:PlantMachinery2022-01-012022-12-3101884773core:Vehicles2022-01-012022-12-3101884773core:FurnitureFittings2022-01-012022-12-3101884773core:OfficeEquipment2022-01-012022-12-3101884773core:NetGoodwill2022-01-012022-12-3101884773core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3101884773core:ListedExchangeTraded2022-01-012022-12-3101884773core:UnlistedNon-exchangeTraded2022-01-012022-12-3101884773core:MoreThanFiveYears2022-01-012022-12-3101884773core:Non-currentFinancialInstruments2022-12-3101884773core:Non-currentFinancialInstruments2021-12-3101884773dpl:CostSales2022-01-012022-12-3101884773dpl:DistributionCosts2022-01-012022-12-3101884773dpl:AdministrativeExpenses2022-01-012022-12-3101884773core:LandBuildings2022-01-012022-12-3101884773core:PlantMachinery2022-01-012022-12-3101884773core:Vehicles2022-01-012022-12-3101884773core:FurnitureFittings2022-01-012022-12-3101884773core:OfficeEquipment2022-01-012022-12-3101884773core:NetGoodwill2022-01-012022-12-3101884773core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3101884773dpl:GroupUndertakings2022-01-012022-12-3101884773dpl:ParticipatingInterests2022-01-012022-12-3101884773dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3101884773core:ListedExchangeTraded2022-01-012022-12-3101884773dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3101884773core:UnlistedNon-exchangeTraded2022-01-012022-12-3101884773dpl:CostSales2021-01-012021-12-3101884773dpl:DistributionCosts2021-01-012021-12-3101884773dpl:AdministrativeExpenses2021-01-012021-12-3101884773core:LandBuildings2021-01-012021-12-3101884773core:PlantMachinery2021-01-012021-12-3101884773core:Vehicles2021-01-012021-12-3101884773core:FurnitureFittings2021-01-012021-12-3101884773core:OfficeEquipment2021-01-012021-12-3101884773core:NetGoodwill2021-01-012021-12-3101884773core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3101884773dpl:GroupUndertakings2021-01-012021-12-3101884773dpl:ParticipatingInterests2021-01-012021-12-3101884773dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3101884773core:ListedExchangeTraded2021-01-012021-12-3101884773dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3101884773core:UnlistedNon-exchangeTraded2021-01-012021-12-3101884773core:NetGoodwill2022-12-3101884773core:IntangibleAssetsOtherThanGoodwill2022-12-3101884773core:LandBuildings2022-12-3101884773core:PlantMachinery2022-12-3101884773core:Vehicles2022-12-3101884773core:FurnitureFittings2022-12-3101884773core:OfficeEquipment2022-12-3101884773core:AfterOneYear2022-12-3101884773core:WithinOneYear2022-12-3101884773core:ListedExchangeTraded2022-12-3101884773core:UnlistedNon-exchangeTraded2022-12-3101884773core:ShareCapital2022-12-3101884773core:SharePremium2022-12-3101884773core:RevaluationReserve2022-12-3101884773core:OtherReservesSubtotal2022-12-3101884773core:RetainedEarningsAccumulatedLosses2022-12-3101884773core:NetGoodwill2021-12-3101884773core:IntangibleAssetsOtherThanGoodwill2021-12-3101884773core:LandBuildings2021-12-3101884773core:PlantMachinery2021-12-3101884773core:Vehicles2021-12-3101884773core:FurnitureFittings2021-12-3101884773core:OfficeEquipment2021-12-3101884773core:AfterOneYear2021-12-3101884773core:WithinOneYear2021-12-3101884773core:Liste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Registered Number
01884773
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

STANHOPE GARDENS LIMITED

Company Information
for the year from 1 January 2022 to 31 December 2022


Directors	BOTTOMLEY, Michael David
	STANHOPE, William Henry Leicester, Viscount Petersham


Registered Address	3 Acorn Business Park
	Airedale Business Centre
	Skipton
	BD23 2UE


Registered Number	01884773 (England and Wales)

STANHOPE GARDENS LIMITED

Statement of Financial Position
31 December 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Investments	6		265,021		265,021
			265,021		265,021
Current assets
Debtors	9	169,794		173,058
Cash at bank and on hand		272		3,779
		170,066		176,837
Creditors amounts falling due within one year	10	(333,117)		(334,381)
Net current assets (liabilities)			(163,051)		(157,544)
Total assets less current liabilities			101,970		107,477
Net assets			101,970		107,477
Capital and reserves
Called up share capital			2		2
Profit and loss account			101,968		107,475
Shareholders' funds			101,970		107,477

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 29 August 2023, and are signed on its behalf by:

BOTTOMLEY, Michael David
Director
Registered Company No. 01884773

STANHOPE GARDENS LIMITED

Notes to the Financial Statements
for the year ended 31 December 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Smallest group in which results are consolidated
	The company is a wholly owned subsidiary of Doublard Investment Company Limited. Doublard Investment Company Limited is incorporated and registered in Bermuda. The 12th Earl of Harrington is the sole life tenant of the Chesterfield Trust which owns 100% of the Share Capital of Doublard Investment Company Limited.

3.	Basis of measurement used in financial statements
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

4.	Accounting policies

	Functional and presentation currency policy
	The financial statements are presented in sterling and this is the functional currency of the company.

	Taxation policy
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Investments policy
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments policy

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	Valuation of financial instruments policy
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

	Going concern
	The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis accounting in preparing the financial statements.

5.	Employee information


		2022		2021
	Average number of employees during the year	2		2

6.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 January 22	265,021	265,021
At 31 December 22	265,021	265,021
Net book value
At 31 December 22	265,021	265,021
At 31 December 21	265,021	265,021

	Notes
	¹Investments in group undertakings and participating interests

7.	Description of nature of transactions and balances with related parties
	The company has taken advantage of the exemption contained in Section 33 of FRS 102 "Related Party Disclosures" from disclosing transactions with the entities which are part of the group, since 100% of the voting rights in the company are controlled within the group and the company is included within the group accounts which are publicly available. Included in debtors, amounts falling due within one year, is an amount due from Halley Investment Company Limited of £9,440 (2021 - £5,210). The balance is interest free and repayable on demand. Included in debtors, amounts falling due within one year, is an amount due from The 12th Earl of Harrington of £Nil (2021 - £27,900). The balance is interest free and repayable on demand. Included in debtors, amounts falling due within one year, is an amount due from The Stanhope Trust of £8,241 (2021 - £Nil). The balance is interest free and repayable on demand. Included in debtors, amounts falling due within one year, is an amount due from The Chesterfield Trust of £7,052 (2021 - £Nil). The balance is interest free and repayable on demand. Included in creditors, amounts falling due within one year, is an amount owed to Doublard Investment Company Limited of £22,485 (2021 - £30,862). The balance is interest free and repayable on demand. Included in creditors, amounts falling due within one year, is an amount owed to Elvaston Investments Limited of £310,383 (2021 - £303,270). The balance is interest free and repayable on demand. Elvaston Investments Limited is a wholly owned subsidiary of Halley Investment Company Limited, which in turn is owned by The Stanhope Trust, of which The 12th Earl of Harrington is the sole tenant.

Description of nature of transactions and balances with related parties

The company has taken advantage of the exemption contained in Section 33 of FRS 102 "Related Party Disclosures" from disclosing transactions with the entities which are part of the group, since 100% of the voting rights in the company are controlled within the group and the company is included within the group accounts which are publicly available.

Included in debtors, amounts falling due within one year, is an amount due from Halley Investment Company Limited of £9,440 (2021 - £5,210). The balance is interest free and repayable on demand.

Included in debtors, amounts falling due within one year, is an amount due from The 12th Earl of Harrington of £Nil (2021 -  £27,900). The balance is interest free and repayable on demand.

Included in debtors, amounts falling due within one year, is an amount due from The Stanhope Trust of £8,241 (2021 -  £Nil). The balance is interest free and repayable on demand.

Included in debtors, amounts falling due within one year, is an amount due from The Chesterfield Trust of £7,052 (2021 -  £Nil). The balance is interest free and repayable on demand.

Included in creditors, amounts falling due within one year, is an amount owed to Doublard Investment Company Limited of £22,485 (2021 - £30,862). The balance is interest free and repayable on demand.

Included in creditors, amounts falling due within one year, is an amount owed to Elvaston Investments Limited of £310,383 (2021 - £303,270). The balance is interest free and repayable on demand.

Elvaston Investments Limited is a wholly owned subsidiary of Halley Investment Company Limited, which in turn is owned by The Stanhope Trust, of which The 12th Earl of Harrington is the sole tenant.

8.	Further information regarding the company's financial position
	The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

9.	Debtors

	2022	2021
	£	£
Amounts owed by group undertakings	145,061	139,948
Other debtors	24,733	33,110
Total	169,794	173,058


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

10.	Creditors within one year

	2022	2021
	£	£
Amounts owed to related parties	22,485	30,862
Other creditors	310,632	303,519
Total	333,117	334,381


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.