STONE_HILL_PARK_LIMITED - Accounts

STONE_HILL_PARK_LIMITED - Accounts

STONE HILL PARK LIMITED - Company Information

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Company Registration No. 09223403 (England and Wales)
STONE HILL PARK LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
Evolution
Wynyard Park House
Wynyard Avenue
Wynyard
TS22 5TB
STONE HILL PARK LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
STONE HILL PARK LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Investments
2
300
-
Current assets
Stocks
7,947,617
7,375,855
Debtors
726,314
56,546
Cash at bank and in hand
351,963
500
9,025,894
7,432,901
Creditors: amounts falling due within one year
3
(1,108,329)
(2,598,085)
Net current assets
7,917,565
4,834,816
Total assets less current liabilities
7,917,865
4,834,816
Creditors: amounts falling due after more than one year
4
(7,000,000)
(5,000,000)
Provisions for liabilities
-
(500,000)
917,865
(665,184)
Capital and reserves
Called up share capital
5
100
100
Profit and loss account
917,765
(665,284)
Shareholders'  funds
917,865
(665,184)
STONE HILL PARK LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2016
31 March 2016
- 2 -
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
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;
-
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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 20 December 2016
Mr J C Musgrave
Director
Company Registration No. 09223403
STONE HILL PARK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Stock and work in progress

Work in progress which consists of development land and associated costs held for resale is valued at the lower of cost and net realisable value.

2
Fixed assets
Investments
£
Cost
At 1 April 2015
-
Additions
300
At 31 March 2016
300
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Barnes Wallis Park Limited
England
Ordinary
100.00
East Kent Sports Village Limited
England
Ordinary
100.00
Manston Park Limited
England
Ordinary
100.00
STONE HILL PARK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
2
Fixed assets
(Continued)
- 4 -
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
Barnes Wallis Park Limited
Dormant
100
-
East Kent Sports Village Limited
Dormant
100
-
Manston Park Limited
Dormant
100
-
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £2,000,000).
4
Creditors: amounts falling due after more than one year
2016
2015
£
£
Analysis of loans repayable in more than five years
Total not repayable by instalments and due in more than five years
7,000,000
5,000,000
The aggregate amount of creditors for which security has been given amounted to £3,000,000 (2015 - £3,000,000).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
80 A ordinary of £1 each
80
80
20 B ordinary of £1 each
20
20
100
100
6
Control

The company's immediate and ultimate parent company is Invicta Asset Management Limited.

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