Stratton Land Limited - Accounts to registrar (filleted) - small 18.2

Stratton Land Limited - Accounts to registrar (filleted) - small 18.2

STRATTON LAND LIMITED - Company Information

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REGISTERED NUMBER: 08035941 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2020

for

Stratton Land Limited
Stratton Land Limited (Registered number: 08035941)






Contents of the Financial Statements
for the Year Ended 31 March 2020




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Stratton Land Limited (Registered number: 08035941)

Statement of Financial Position
31 March 2020

31.3.20 31.3.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 785 1,047
Investments 5 2,030,783 -
2,031,568 1,047

CURRENT ASSETS
Stocks 995,000 324,227
Debtors 6 608,358 475,835
Cash at bank 221,052 113,467
1,824,410 913,529
CREDITORS
Amounts falling due within one year 7 1,154,127 531,940
NET CURRENT ASSETS 670,283 381,589
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,701,851
382,636

CAPITAL AND RESERVES
Called up share capital 45,101 45,100
Share premium 1,001,799 -
Retained earnings 1,654,951 337,536
2,701,851 382,636

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 notes form part of these financial statements

Page 1 continued...
Stratton Land Limited (Registered number: 08035941)

Statement of Financial Position - continued
31 March 2020


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 director and authorised for issue on 23 June 2020
and were signed by:





Mr S J Arbis - Director


The notes form part of these financial statements

Page 2
Stratton Land Limited (Registered number: 08035941)

Notes to the Financial Statements
for the Year Ended 31 March 2020

1. STATUTORY INFORMATION

Stratton Land Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address are as below:

Registered number: 08035941

Registered office: Kemp House
152 City Road
London
EC1V 2NX

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.

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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and
handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over
the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - 1 ).

Page 3 continued...
Stratton Land Limited (Registered number: 08035941)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2019
and 31 March 2020 1,707
DEPRECIATION
At 1 April 2019 660
Charge for year 262
At 31 March 2020 922
NET BOOK VALUE
At 31 March 2020 785
At 31 March 2019 1,047

5. FIXED ASSET INVESTMENTS

31.3.20 31.3.19
£    £   
Other investments not loans 2,030,783 -

Additional information is as follows:
Other
investment
£   
COST
Additions 1,001,800
At 31 March 2020 1,001,800
NET BOOK VALUE
At 31 March 2020 1,001,800

Investments (neither listed nor unlisted) were as follows:
31.3.20 31.3.19
£    £   
Unlisted investments 1,028,983 -

Page 4 continued...
Stratton Land Limited (Registered number: 08035941)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Trade debtors 326,787 359,614
Other debtors 281,571 116,221
608,358 475,835

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.20 31.3.19
£    £   
Bank loans and overdrafts 47,514 -
Trade creditors 677,280 331,456
Taxation and social security 421,853 188,272
Other creditors 7,480 12,212
1,154,127 531,940

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended
31 March 2020 and 31 March 2019:

31.3.20 31.3.19
£    £   
Mr S J Arbis
Balance outstanding at start of year 116,221 (79,883 )
Amounts advanced 581,641 598,793
Amounts repaid (467,817 ) (402,689 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 230,045 116,221

Interest is being charged on this loan.

Page 5