Stoney Ware Estate Limited 31/12/2020 iXBRL

Stoney Ware Estate Limited 31/12/2020 iXBRL

STONEY WARE ESTATE LIMITED - Company Information

Print Friendly Version

0 0 31/12/2020 2020-12-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2020-01-01 Sage Accounts Production 21.0 - FRS102_2019 xbrli:pure xbrli:shares iso4217:GBP 03856616 2020-01-01 2020-12-31 03856616 2020-12-31 03856616 2019-01-01 2019-12-31 03856616 2019-12-31 03856616 2018-12-31 03856616 bus:Director3 2020-01-01 2020-12-31 03856616 core:WithinOneYear 2020-12-31 03856616 core:WithinOneYear 2019-12-31 03856616 core:RetainedEarningsAccumulatedLosses 2019-01-01 2019-12-31 03856616 core:RetainedEarningsAccumulatedLosses 2020-01-01 2020-12-31 03856616 core:ShareCapital 2020-12-31 03856616 core:ShareCapital 2019-12-31 03856616 core:RetainedEarningsAccumulatedLosses 2020-12-31 03856616 core:RetainedEarningsAccumulatedLosses 2019-12-31 03856616 core:ShareCapital 2018-12-31 03856616 core:RetainedEarningsAccumulatedLosses 2018-12-31 03856616 bus:SmallEntities 2020-01-01 2020-12-31 03856616 bus:AuditExempt-NoAccountantsReport 2020-01-01 2020-12-31 03856616 bus:FullAccounts 2020-01-01 2020-12-31 03856616 bus:SmallCompaniesRegimeForAccounts 2020-01-01 2020-12-31 03856616 bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31
Company registration number: 03856616
Stoney Ware Estate Limited
Unaudited filleted financial statements
31 December 2020
Stoney Ware Estate Limited
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Stoney Ware Estate Limited
Statement of financial position
31 December 2020
2020 2019
Note £ £ £ £
Current assets
Debtors 6 38,659 198,386
Cash at bank and in hand 93,232 134,120
_______ _______
131,891 332,506
Creditors: amounts falling due
within one year 7 ( 120,984) ( 321,599)
_______ _______
Net current assets 10,907 10,907
_______ _______
Total assets less current liabilities 10,907 10,907
_______ _______
Net assets 10,907 10,907
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 10,905 10,905
_______ _______
Shareholders funds 10,907 10,907
_______ _______
For the year ending 31 December 2020 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 19 November 2021 , and are signed on behalf of the board by:
Kimberley Roberts
Director
Company registration number: 03856616
Stoney Ware Estate Limited
Statement of changes in equity
Year ended 31 December 2020
Called up share capital Profit and loss account Total
£ £ £
At 1 January 2019 2 10,854 10,856
Profit for the year 51 51
_______ _______ _______
Total comprehensive income for the year - 51 51
_______ _______ _______
At 31 December 2019 and 1 January 2020 2 10,905 10,907
Profit for the year - -
_______ _______ _______
Total comprehensive income for the year - - -
_______ _______ _______
At 31 December 2020 2 10,905 10,907
_______ _______ _______
Stoney Ware Estate Limited
Notes to the financial statements
Year ended 31 December 2020
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Corner Cottage, Stoney Ware Estate, Bisham Road, Marlow, SL7 1RN.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4. Staff costs
The aggregate payroll costs incurred during the year were:
2020 2019
£ £
Wages and salaries 4,000 4,000
_______ _______
5. Employee numbers
The average number of persons employed by the company during the year amounted to 19 (2019: 19 ).
6. Debtors
2020 2019
£ £
Other debtors 38,659 198,386
_______ _______
7. Creditors: amounts falling due within one year
2020 2019
£ £
Bank loans and overdrafts 120,012 114,411
Corporation tax 12 12
Other creditors 960 207,176
_______ _______
120,984 321,599
_______ _______
8. Related party transactions
The whole of the issued share capital of the company is held by or for Mr Yaser Naghi, Mr Mohammed Naghi and members of their close family who are tenants of the Stoney Ware Estate and are considered to be related parties and Controller. The whole of the company's turnover is derived from the provision of services to the related parties. Office facilities in an estate property have also been provided without charge to the company.