Strulestone Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02277418 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2020

for

Strulestone Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M Forsyth

J Forsyth

SECRETARY:

R B Tattersall

REGISTERED OFFICE:

Fortescues

Good Easter

Chelmsford

Essex

CM1 4RY

REGISTERED NUMBER:

02277418 (England and Wales)

ACCOUNTANTS:

Fisher Michael Chartered Accountants

The Old Grange

Warren Estate

Lordship Road

Writtle

Essex

CM1 3WT

FIXED ASSETS

Tangible assets

4

-

Investment property

5

1,990,000

945,089

1,990,000

945,089

CURRENT ASSETS

Debtors

6

19,587

26,884

Cash at bank

34,150

48,741

53,737

75,625

CREDITORS

Amounts falling due within one year

7

53,858

63,092

NET CURRENT (LIABILITIES)/ASSETS

(121

)

12,533

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,989,879

957,622

PROVISIONS FOR LIABILITIES

97,290

-

NET ASSETS

1,892,589

957,622

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

945,961

-

Retained earnings

946,528

957,522

1,892,589

957,622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2020 and were
signed on its behalf by:

S M Forsyth - Director

1.	STATUTORY INFORMATION

Strulestone 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured

at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates, in order to write off each asset over its estimated useful

life:-

- Fixtures & fittings - 25% straight line

- Computer equipment - 25% straight line

Investment property

Investment properties are included at fair value. Any aggregate surplus or deficit arising from changes in fair

value is recognised in the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

Significant judgements and estimates

No significant judgements or estimations have been applied in the preparation of the financial statements.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2019

and 30 June 2020

15,668

DEPRECIATION

At 1 July 2019

and 30 June 2020

15,668

NET BOOK VALUE

At 30 June 2020

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2019

945,089

Additions

1,660

Revaluations

1,043,251

At 30 June 2020

1,990,000

NET BOOK VALUE

At 30 June 2020

1,990,000

At 30 June 2019

945,089

Fair value at 30 June 2020 is represented by:

£

Valuation in 2014

945,089

Valuation in 2020

1,044,911

1,990,000

6.

DEBTORS

2020

2019

£

Amounts falling due within one year:

Rental debtors

1,745

9,326

Other debtors

2,842

2,558

4,587

11,884

Amounts falling due after more than one year:

Other debtors

15,000

Aggregate amounts

19,587

26,884

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

Taxation and social security

21,587

25,727

Other creditors

32,271

37,365

53,858

63,092

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £40,000 (2019 - £40,000) were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

Strulestone Limited - Accounts to registrar (filleted) - small 18.2

Strulestone Limited - Accounts to registrar (filleted) - small 18.2