REGISTERED NUMBER: 09164217 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

T. STACE & SONS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T R Stace

N C Stace

T A Stace

REGISTERED OFFICE:

Pavilion View

19 New Road

Brighton

East Sussex

BN1 1EY

REGISTERED NUMBER:

09164217 (England and Wales)

ACCOUNTANTS:

Hartley Fowler LLP

Chartered Accountants

Pavilion View

19 New Road

Brighton

East Sussex

BN1 1EY

FIXED ASSETS

Investments

2

-

-

Investment property

3

2,321,034

1,415,000

2,321,034

1,415,000

CURRENT ASSETS

Debtors

34,751

31,278

Investments

83,548

168,567

Cash at bank

3,467

11,505

121,766

211,350

CREDITORS

Amounts falling due within one year

4

364,962

351,637

NET CURRENT LIABILITIES

(243,196

)

(140,287

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,077,838

1,274,713

CREDITORS

Amounts falling due after more than one year

4

654,934

-

NET ASSETS

1,422,904

1,274,713

CAPITAL AND RESERVES

Called up share capital

5

570

570

Revaluation reserve

115,000

-

Profit and loss account

1,307,334

1,274,143

SHAREHOLDERS' FUNDS

1,422,904

1,274,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1 June 2017 and were signed on its behalf by:

T R Stace - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents the rental income received from the investment properties, excluding value added tax where

applicable.

Investment property

Investment properties are included in the balance sheet at their open market value. Any surplus on revaluation is

taken to the investment property revaluation reserve. Any deficit is deducted from the investment property

revaluation reserve except permanent diminution in value, which are charged to the profit and loss account. No

amortisation or depreciation is provided in respect of freehold investment properties in accordance with Financial

Reporting Standard for Smaller Entities 2015.This treatment is contrary to the requirements of the Companies Act

2006 to provide for depreciation but is considered necessary to ensure that the financial statements give a true

and fair view. Depreciation is only one of the factors reflected at the balance sheet date valuation and the

amount that might have been shown cannot be separately identified or quantified.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Current asset investments

Current asset investments are stated at the lower of cost and current market value.

2.	FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Joint venture

Silvi Trimmings Limited

Nature of business: Property Investment

%

Class of shares:

holding

Ordinary

50.00

2016

2015

£

£

Aggregate capital and reserves

-

1,083,068

Profit for the year/period

-

86,260

In accordance with the reorganisation of Silvi Trimmings Limited referred to in Note 16 the company acquired the

"T" division shares on 30 September 2014. As part of this transaction the company received a dividend in-specie

of £1,186,487 which was paid by the transfer of investments properties, listed investments and directors loans.

The shares were then cancelled by Silvi Trimmings Limited on 29 October 2014.

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 October 2015

1,415,000

Additions

791,034

Revaluations

115,000

At 30 September 2016

2,321,034

NET BOOK VALUE

At 30 September 2016

2,321,034

At 30 September 2015

1,415,000

4.

CREDITORS

Creditors include an amount of £ 719,617 for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

£

Repayable by instalments

654,934

-

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

570

Ordinary

£1

570

570

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 September 2016 and the

period ended 30 September 2015:

2016

2015

£

£

N C Stace

Balance outstanding at start of year

27

-

Amounts advanced

-

27

Amounts repaid

-

-

Balance outstanding at end of year

27

27