Company Registration No. 10291410 (England and Wales)
Stradgate Limited
Unaudited accounts
for the year ended 31 July 2019
Stradgate Limited
Unaudited accounts
Contents
Stradgate Limited
Company Information
for the year ended 31 July 2019
Company Number
10291410 (England and Wales)
Registered Office
Medcar House
149a Stamford Hill
London
N16 5LL
Stradgate Limited
Statement of financial position
as at 31 July 2019
Cash at bank and in hand
463
1
Creditors: amounts falling due within one year
(72,826)
(5,434)
Net current liabilities
(57,158)
(5,360)
Net liabilities
(57,158)
(5,360)
Called up share capital
1
1
Profit and loss account
(57,159)
(5,361)
Shareholders' funds
(57,158)
(5,360)
For the year ending 31 July 2019 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 July 2020 and were signed on its behalf by
Mr A Grunwald
Director
Company Registration No. 10291410
Stradgate Limited
Notes to the Accounts
for the year ended 31 July 2019
Stradgate Limited is a private company, limited by shares, registered in England and Wales, registration number 10291410. The registered office is Medcar House, 149a Stamford Hill, London, N16 5LL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
Notwithstanding the adverse financial position of the company, the Financial Statements have been prepared in accordance with the accounting principles appropriate to a going concern. This being dependant upon the continued provision of financial support by the company's creditors in respect of which the director is confident that continued support will be made available or alternative facilities could be obtained.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Stradgate Limited
Notes to the Accounts
for the year ended 31 July 2019
Expenditure on research and development is written off in the year in which it is incurred.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
5
Creditors: amounts falling due within one year
2019
2018
Other creditors
69,549
4,714
Other creditors relate to amounts owed to the director and companies with a director in common with the company.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 0 (2018: 0).
