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 2022

for

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






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Stratton Land Limited (Registered number: 08035941)

Statement of Financial Position
31 March 2022

31.3.22 31.3.21
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,634 3,090
Investments 5 1,693,561 2,030,783
1,696,195 2,033,873

CURRENT ASSETS
Stocks 5,050,000 2,729,290
Debtors 6 793,970 578,862
Cash at bank 15,488 264,514
5,859,458 3,572,666
CREDITORS
Amounts falling due within one year 7 3,181,847 1,240,311
NET CURRENT ASSETS 2,677,611 2,332,355
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,373,806
4,366,228

CREDITORS
Amounts falling due after more than
one year
8
1,152,506
1,415,313
NET ASSETS 3,221,300 2,950,915

The notes form part of these financial statements

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

Statement of Financial Position - continued
31 March 2022

31.3.22 31.3.21
as restated
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 45,101 45,101
Share premium 1,001,799 1,001,799
Retained earnings 2,174,400 1,904,015
3,221,300 2,950,915

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 23 December 2022 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 2022

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 1 (2021 - 1 ) .

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

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 5,042
Additions 422
At 31 March 2022 5,464
DEPRECIATION
At 1 April 2021 1,952
Charge for year 878
At 31 March 2022 2,830
NET BOOK VALUE
At 31 March 2022 2,634
At 31 March 2021 3,090

5. FIXED ASSET INVESTMENTS

31.3.22 31.3.21
as restated
£    £   
Other investments not loans 1,693,561 2,030,783

Additional information is as follows:
Other
investments
£   
COST
At 1 April 2021
and 31 March 2022 1,001,800
NET BOOK VALUE
At 31 March 2022 1,001,800
At 31 March 2021 1,001,800

Investments (neither listed nor unlisted) were as follows:
31.3.22 31.3.21
as restated
£    £   
Unlisted investments 1,028,983 1,028,983

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

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. FIXED ASSET INVESTMENTS - continued
Fixed Asset Investment
Addition 24,300 -
Disposal of Investment (361,522 ) -
691,761 1,028,983

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
as restated
£    £   
Trade debtors 451,646 359,690
Amounts owed by group undertakings 3,835 -
Other debtors 338,489 219,172
793,970 578,862

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
as restated
£    £   
Bank loans and overdrafts 635,560 383,025
Trade creditors 1,891,653 338,580
Amounts owed to group undertakings 294,126 -
Taxation and social security 353,028 511,126
Other creditors 7,480 7,580
3,181,847 1,240,311

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.22 31.3.21
as restated
£    £   
Bank loans 1,152,506 1,415,313

Page 5 continued...
Stratton Land Limited (Registered number: 08035941)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22 31.3.21
as restated
£    £   
Mr S J Arbis
Balance outstanding at start of year 178,906 230,095
Amounts advanced 507,607 632,718
Amounts repaid (383,684 ) (683,907 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 302,829 178,906

Interest is being charged on this loan.

10. RELATED PARTY DISCLOSURES

During the year the company sold services amounting to £2,651,892 (2021 - £2,554,993) to Venture Park Limited, which is owned by Pedigree Limited in which Mr S Arbis has a controlling interest. These services were sold on an arm's length basis.

Page 6