Stratton Park Limited - Accounts to registrar (filleted) - small 23.1.5

Stratton Park Limited - Accounts to registrar (filleted) - small 23.1.5

STRATTON PARK LTD - Company Information

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REGISTERED NUMBER: 01949955 (England and Wales)


















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

STRATTON PARK LIMITED
Haines Watts
Chartered Accountants
Old Station House
Station Approach
Swindon
Wiltshire
SN1 3DU








STRATTON PARK LIMITED (REGISTERED NUMBER: 01949955)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


STRATTON PARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTORS: Mr G Eves
Mr P L S Finlayson
Mrs H Finlayson
Mr C Isherwood





REGISTERED OFFICE: Stratton Park House
Wanborough Road
Stratton St Margaret
Swindon
Wiltshire
SN3 4HG





REGISTERED NUMBER: 01949955 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
Old Station House
Station Approach
Swindon
Wiltshire
SN1 3DU
Page 1
STRATTON PARK LIMITED (REGISTERED NUMBER: 01949955)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2022

31/10/22 31/10/21
Notes £    £    £    £   
FIXED ASSETS
Investments 4 314,158 480,814
Investment property 5 1,082,750 1,082,750
1,396,908 1,563,564

CURRENT ASSETS
Debtors 950 3,108
Cash at bank 517,208 588,854
518,158 591,962
CREDITORS
Amounts falling due within one year 12,581 6,009
NET CURRENT ASSETS 505,577 585,953
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,902,485
2,149,517

PROVISIONS FOR LIABILITIES 8,454 34,510
NET ASSETS 1,894,031 2,115,007

CAPITAL AND RESERVES
Called up share capital 86,292 86,292
Share premium 24,085 24,085
Capital redemption reserve 226,253 226,253
Retained earnings 1,557,401 1,778,377
1,894,031 2,115,007

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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 notes form part of these financial statements

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STRATTON PARK LIMITED (REGISTERED NUMBER: 01949955)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 31 October 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2023 and were signed on its behalf by:





Mr P L S Finlayson - Director


The notes form part of these financial statements

Page 3
STRATTON PARK LIMITED (REGISTERED NUMBER: 01949955)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1. STATUTORY INFORMATION

Stratton Park 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.

Preparation of consolidated financial statements
The financial statements contain information about Stratton Park Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Income
Revenue from rental contracts is recognised in the period to which it relates.

Tangible fixed assets
All fixed assets are initially recorded at cost.

No depreciation is provided on freehold land and buildings with an estimated useful life in excess of 50 years as the group has a policy of maintaining the property in good condition therefore prolonging its useful life, and any depreciation involved would not be material.
Due to this policy, the buildings maintain residual disposal values at least equal to their book value.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Page 4 continued...
STRATTON PARK LIMITED (REGISTERED NUMBER: 01949955)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

2. ACCOUNTING POLICIES - continued

Other investments
Quoted investments are recognised at market value with the revaluation gain/loss being recognised in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 November 2021 480,814
Additions 10,081
Revaluations (176,737 )
At 31 October 2022 314,158
NET BOOK VALUE
At 31 October 2022 314,158
At 31 October 2021 480,814

Cost or valuation at 31 October 2022 is represented by:
Totals
£   
Valuation in 2022 314,158

The company owns 100% of the issued share capital of PFA Limited, which is a dormant company registered in England and Wales.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2021
and 31 October 2022 1,082,750
NET BOOK VALUE
At 31 October 2022 1,082,750
At 31 October 2021 1,082,750

There has been no formal valuation of investment property during the year.

6. ULTIMATE PARENT COMPANY

The ultimate controlling party is Stratton Park Holdings Limited registered at Stratton Park House, Wanborough Road, Swindon SN3 4HG.

Page 5