Stoney Ware Estate Limited 31/12/2022 iXBRL

Stoney Ware Estate Limited 31/12/2022 iXBRL

STONEY WARE ESTATE LIMITED - Company Information

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20 31/12/2022 2022-12-31 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 2022-01-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 03856616 2022-01-01 2022-12-31 03856616 2022-12-31 03856616 2021-01-01 2021-12-31 03856616 2021-12-31 03856616 2020-12-31 03856616 bus:Director3 2022-01-01 2022-12-31 03856616 core:WithinOneYear 2022-12-31 03856616 core:WithinOneYear 2021-12-31 03856616 core:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 03856616 core:RetainedEarningsAccumulatedLosses 2022-01-01 2022-12-31 03856616 core:ShareCapital 2022-12-31 03856616 core:ShareCapital 2021-12-31 03856616 core:RetainedEarningsAccumulatedLosses 2022-12-31 03856616 core:RetainedEarningsAccumulatedLosses 2021-12-31 03856616 core:ShareCapital 2020-12-31 03856616 core:RetainedEarningsAccumulatedLosses 2020-12-31 03856616 bus:SmallEntities 2022-01-01 2022-12-31 03856616 bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 03856616 bus:FullAccounts 2022-01-01 2022-12-31 03856616 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 03856616 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31
Company registration number: 03856616
Stoney Ware Estate Limited
Unaudited filleted financial statements
31 December 2022
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 2022
2022 2021
Note £ £ £ £
Current assets
Debtors 6 86,074 41,113
Cash at bank and in hand 80,559 90,477
_______ _______
166,633 131,590
Creditors: amounts falling due
within one year 7 ( 155,692) ( 120,684)
_______ _______
Net current assets 10,941 10,906
_______ _______
Total assets less current liabilities 10,941 10,906
_______ _______
Net assets 10,941 10,906
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 10,939 10,904
_______ _______
Shareholders funds 10,941 10,906
_______ _______
For the year ending 31 December 2022 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 25 May 2023 , 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 2022
Called up share capital Profit and loss account Total
£ £ £
At 1 January 2021 2 10,905 10,907
Profit/(loss) for the year ( 1) ( 1)
_______ _______ _______
Total comprehensive income for the year - ( 1) ( 1)
_______ _______ _______
At 31 December 2021 and 1 January 2022 2 10,904 10,906
Profit/(loss) for the year 35 35
_______ _______ _______
Total comprehensive income for the year - 35 35
_______ _______ _______
At 31 December 2022 2 10,939 10,941
_______ _______ _______
Stoney Ware Estate Limited
Notes to the financial statements
Year ended 31 December 2022
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'.
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:
2022 2021
£ £
Wages and salaries 4,000 4,000
_______ _______
5. Employee numbers
The average number of persons employed by the company during the year amounted to 20 (2021: 20 ).
6. Debtors
2022 2021
£ £
Other debtors 86,074 41,113
_______ _______
7. Creditors: amounts falling due within one year
2022 2021
£ £
Bank loans and overdrafts - 119,664
Corporation tax 20 12
Other creditors 155,672 1,008
_______ _______
155,692 120,684
_______ _______
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.