Stonehenge Properties Limited - Accounts to registrar (filleted) - small 18.2

Stonehenge Properties Limited - Accounts to registrar (filleted) - small 18.2

STONEHENGE PROPERTIES LIMITED - Company Information

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REGISTERED NUMBER: 00834518














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2021

FOR

STONEHENGE PROPERTIES LIMITED
Haslers
Chartered Accountants
Old Station Road
Loughton
Essex
IG10 4PL








STONEHENGE PROPERTIES LIMITED (REGISTERED NUMBER: 00834518)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STONEHENGE PROPERTIES LIMITED


COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2021







DIRECTORS: Mrs J Nicholls
Mrs L Sisson
D G Sisson





SECRETARY: Mrs L Sisson





REGISTERED OFFICE: The Hawthorns
Vicarage Lane
North Weald
Epping
Essex
CM16 6AL





REGISTERED NUMBER: 00834518





ACCOUNTANTS: Haslers
Chartered Accountants
Old Station Road
Loughton
Essex
IG10 4PL
Page 1
STONEHENGE PROPERTIES LIMITED (REGISTERED NUMBER: 00834518)


BALANCE SHEET
31 JANUARY 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 392 781
Investment property 5 1,460,000 1,460,000
1,460,392 1,460,781

CURRENT ASSETS
Prepayments and accrued income 1,309 1,211
Cash at bank and in hand 31,259 19,289
32,568 20,500
CREDITORS
Amounts falling due within one year 6 4,004 2,202
NET CURRENT ASSETS 28,564 18,298
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,488,956
1,479,079

PROVISIONS FOR LIABILITIES 149,038 149,113
NET ASSETS 1,339,918 1,329,966

CAPITAL AND RESERVES
Called up share capital 100 100
Investment revaluation reserve 940,305 940,305
Retained earnings 399,513 389,561
SHAREHOLDERS' FUNDS 1,339,918 1,329,966

The notes form part of these financial statements

Page 2 continued...
STONEHENGE PROPERTIES LIMITED (REGISTERED NUMBER: 00834518)


BALANCE SHEET - continued
31 JANUARY 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 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 10 May 2021 and were signed on its behalf by:





D G Sisson - Director


The notes form part of these financial statements

Page 3
STONEHENGE PROPERTIES LIMITED (REGISTERED NUMBER: 00834518)


NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2021

1. STATUTORY INFORMATION

Stonehenge Properties Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

Page 4 continued...
STONEHENGE PROPERTIES LIMITED (REGISTERED NUMBER: 00834518)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2021

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2020
and 31 January 2021 10,046
DEPRECIATION
At 1 February 2020 9,265
Charge for year 389
At 31 January 2021 9,654
NET BOOK VALUE
At 31 January 2021 392
At 31 January 2020 781

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2020
and 31 January 2021 1,460,000
NET BOOK VALUE
At 31 January 2021 1,460,000
At 31 January 2020 1,460,000

Fair value at 31 January 2021 is represented by:
£   
Valuation in 2020 1,460,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2021 2020
£    £   
Cost 370,731 370,731

The investment properties were valued on an open market basis on 31 January 2019 by the directors .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Tax 1,809 -
Social security and other taxes 398 405
Directors' loan accounts 118 118
Accrued expenses 1,679 1,679
4,004 2,202

Page 5