Stoke CR Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11194800 (England and Wales)

STOKE CR LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

8 FEBRUARY 2018 TO 31 DECEMBER 2018

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTOR:

Mr C Reiner

REGISTERED OFFICE:

137 Wargrave Avenue

London

N15 6TX

REGISTERED NUMBER:

11194800 (England and Wales)

ACCOUNTANTS:

Sugarwhite Meyer Accountants Ltd

First Floor

94 Stamford Hill

London

N16 6XS

FIXED ASSETS

Investment property

5

1,802,950

CURRENT ASSETS

Debtors

6

17,350

Cash at bank

783

18,133

CREDITORS

Amounts falling due within one year

7

500,869

NET CURRENT LIABILITIES

(482,736

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,320,214

CREDITORS

Amounts falling due after more than one year

8

1,350,000

NET LIABILITIES

(29,786

)

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(29,787

)

(29,786

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 22 May 2019 and were signed by:

Mr C Reiner - Director

1.	STATUTORY INFORMATION

Stoke CR 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the historical cost basis, as modified to include

investment properties measured at fair value through profit or loss.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and

assumptions that affect the amounts reported. These estimates and judgements are continually

reviewed and are based on experience and other factors, including expectations of future events that

are believed to be reasonable under the circumstances.

Turnover

Turnover is recognised at the fair value of the consideration receivable in respect of services provided

in the normal course of business. The turnover of the company is represented by rents and charges

receivable in respect of the company's investment portfolio.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly

attributable expenditure. It is revalued to its fair value at each reporting date and any changes in fair

value are recognised in profit or loss.

Going concern

The financial statements have been prepared in accordance with the accounting principles appropriate

to a going concern notwithstanding the deficiency in net assets at the balance sheet date. The director

considers this to be appropriate having regard to the continued provision of financial support by the

company's director and creditors.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

1,802,950

At 31 December 2018

1,802,950

NET BOOK VALUE

At 31 December 2018

1,802,950

The fair value of the investment properties has been arrived at on the basis of a valuation carried out

by the company's director who has the experience and expertise required to undertake such an

exercise. The valuation was made on an open market value basis by reference to market evidence of

transaction prices for similar properties in the same location.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

17,350

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

9,080

Other creditors

491,789

500,869

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

1,350,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs by non- instalments

1,350,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

1,350,000

The bank loan is secured by a legal charge over the company's investment property.

10.	RELATED PARTY DISCLOSURES

Included in other creditors is £30,237 due to the parent undertaking.

11.	PARENT UNDERTAKING

The company is a wholly owned subsidiary of Ovimore Corporate Limited.