Stortview Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04241391 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2020

for

Stortview Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S J Revell

SECRETARY:

Mr S J Revell

REGISTERED OFFICE:

The Old Boardroom, Collett Road

Ware

Hertfordshire

SG12 7LR

REGISTERED NUMBER:

04241391 (England and Wales)

ACCOUNTANTS:

DSCO

The Old Boardroom

Collett Road

Ware

Hertfordshire

SG12 7LR

CURRENT ASSETS

Debtors

4

232,105

68,128

Cash at bank

14,245

131,844

246,350

199,972

CREDITORS

Amounts falling due within one year

5

46,250

18,803

NET CURRENT ASSETS

200,100

181,169

TOTAL ASSETS LESS CURRENT
LIABILITIES

200,100

181,169

CREDITORS

Amounts falling due after more than one
year

6

20,000

-

NET ASSETS

180,100

181,169

CAPITAL AND RESERVES

Called up share capital

9

12

Retained earnings

10

180,088

181,157

SHAREHOLDERS' FUNDS

180,100

181,169

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

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

Mr S J Revell - Director

1.	STATUTORY INFORMATION

Stortview 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.

Investment property

The Freehold Property shown in note 5 is held as an Investment Property by the company. The Financial Reporting Standard for Smaller Entities requires that an Investment Property is shown at its open market value at the Balance Sheet date. As such no depreciation has been charged during the year. Whilst this is a departure from the requirements of the Companies Act 2006, it is the correct treatment not to depreciate given that the true and fair overide takes precedence.

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 NIL (2019 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

Trade debtors

24,808

35,984

Other debtors

74,188

32,144

Directors' current accounts

132,415

-

VAT

694

-

232,105

68,128

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

Trade creditors

965

14,316

Tax

43,035

-

VAT

-

2,079

Directors' current accounts

-

158

Accrued expenses

2,250

46,250

18,803

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.8.20

31.8.19

£

Mortgage loans (see note 7)

20,000

-

7.

LOANS

An analysis of the maturity of loans is given below:

31.8.20

31.8.19

£

Amounts falling due between two and five years:

Bank loan 2-5 years

20,000

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.20

31.8.19

£

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.20

31.8.19

value:

£

12

Ordinary

£1

12

10.

RESERVES

Retained

earnings

£

At 1 September 2019

181,157

Deficit for the year

(1,069

)

At 31 August 2020

180,088

11.	RELATED PARTY DISCLOSURES

Maleon Limited

A Company under common control.

During the year the Company charged Maleon Limited rent of £Nil (2019:£17,350) and service charges of £Nil (2019:£7,500). As at the year end, the balance owed by Maleon Limited was £24,808 (2019:£35,623).

The company also maintains an inter-company loan account with Maleon Limited. As at 31st August 2020 the company was owed £19,224 (2019:£20,214).

Maleon Construction Project Safety Limited

A Company under common control.

The company maintains an inter-company loan account with Maleon Construction Project Safety Limited. As at 31st August 2020 the company was owed £11,930 (2019:£11,930 was due to Maleon Construction Safety Limited).

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S J Revell.

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

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