Stamford Cannon (Wrexham) Ltd - Period Ending 2021-02-28

Stamford Cannon (Wrexham) Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 6

Stamford Cannon (Wrexham) Ltd

Company Information

Directors

Mr Richard Nicholas Artus Mr David Warwicker

Registered office

The Mill Pury Hill Business Park Alderton Road Towcester Northants NN12 7LS

Accountants

KRW Accountants Limited The Mill Pury Hill Business Park Alderton Road Towcester NN12 7LS

Stamford Cannon (Wrexham) Ltd

(Registration number: 12443099)
Balance Sheet as at 28 February 2021

	Note	2021 £
Fixed assets
Investment property	4	170,647
Current assets
Debtors	5	100
Creditors: Amounts falling due within one year	6	(188,036)
Net current liabilities		(187,936)
Net liabilities		(17,289)
Capital and reserves
Called up share capital		100
Profit and loss account		(17,389)
Total equity		(17,289)

For the financial period ending 28 February 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Stamford Cannon (Wrexham) Ltd

(Registration number: 12443099)
Balance Sheet as at 28 February 2021

Approved and authorised by the Board on 22 October 2021 and signed on its behalf by:
 

.........................................

Mr Richard Nicholas Artus
Director

.........................................

Mr David Warwicker
Director

Stamford Cannon (Wrexham) Ltd

Notes to the Financial Statements for the Period from 5 February 2020 to 28 February 2021

1	General information

The company registration number is 12443099

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
The Mill Pury Hill Business Park
Alderton Road
Towcester
Northants
NN12 7LS
United Kingdom

These financial statements were authorised for issue by the Board on 22 October 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Stamford Cannon (Wrexham) Ltd

Notes to the Financial Statements for the Period from 5 February 2020 to 28 February 2021

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. The company subsequently considers the recoverable value of the trade debtors. When assessing impairment of trade debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4	Investment properties

	2021 £
Additions	170,647

There has been no valuation of investment property by an independent valuer.

5

Debtors

	2021 £
Other debtors	100
	100

Stamford Cannon (Wrexham) Ltd

Notes to the Financial Statements for the Period from 5 February 2020 to 28 February 2021

6

Creditors

Creditors: amounts falling due within one year

	Note	2021 £
Due within one year
Amounts owed to group undertakings and undertakings in which the company has a participating interest		183,608
Accruals and deferred income		600
Other creditors		3,828
		188,036

7	Share capital

Allotted, called up and fully paid shares

	2021
	No.	£
Ordinary of £1 each	100	100

New shares allotted

During the period 100 ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100.