Stratton Land Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08035941 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Stratton Land Limited

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

350,774

2,634

Investments

5

1,693,561

1,693,561

2,044,335

1,696,195

CURRENT ASSETS

Stocks

6,326,000

5,050,000

Debtors

6

847,723

683,969

Cash at bank

148,035

15,488

7,321,758

5,749,457

CREDITORS

Amounts falling due within one year

7

3,052,095

3,140,846

NET CURRENT ASSETS

4,269,663

2,608,611

TOTAL ASSETS LESS CURRENT LIABILITIES

6,313,998

4,304,806

CREDITORS

Amounts falling due after more than one year

8

1,202,427

1,152,506

NET ASSETS

5,111,571

3,152,300

CAPITAL AND RESERVES

Called up share capital

45,101

45,101

Share premium

1,001,799

1,001,799

Fair value reserve

10

800,000

-

Retained earnings

3,264,671

2,105,400

5,111,571

3,152,300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 30 August 2023 and were signed by:

Mr S J Arbis - Director

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:

128 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

5,464

Additions

421,376

At 31 March 2023

426,840

DEPRECIATION

At 1 April 2022

2,830

Charge for year

73,236

At 31 March 2023

76,066

NET BOOK VALUE

At 31 March 2023

350,774

At 31 March 2022

2,634

5.	FIXED ASSET INVESTMENTS

31.3.23

31.3.22

£

£

Other investments not loans

1,693,561

1,693,561

Additional information is as follows:

Other

investments

£

COST

At 1 April 2022

and 31 March 2023

1,001,800

NET BOOK VALUE

At 31 March 2023

1,001,800

At 31 March 2022

1,001,800

Investments (neither listed nor unlisted) were as follows:

31.3.23

31.3.22

£

£

Unlisted investments

691,761

1,028,983

Fixed Asset Investment

Addition

-

24,300

Disposal of Investment

-

(361,522

)

691,761

691,761

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

319,450

451,646

Amounts owed by group undertakings

7,615

3,835

Other debtors

520,658

228,488

847,723

683,969

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts

480,019

525,560

Trade creditors

2,282,559

1,891,652

Amounts owed to group undertakings

41,500

294,126

Taxation and social security

62,830

353,028

Other creditors

185,187

76,480

3,052,095

3,140,846

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans

1,202,427

1,152,506

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.23

31.3.22

£

£

Within one year

109,200

-

Between one and five years

280,900

-

390,100

-

10.

RESERVES

Fair

value

reserve

£

Fair value reserve

800,000

At 31 March 2023

800,000

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23

31.3.22

£

£

Mr S J Arbis

Balance outstanding at start of year

41,715

178,906

Amounts advanced

415,591

246,493

Amounts repaid

(497,382

)

(383,684

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(40,076

)

41,715

12.	RELATED PARTY DISCLOSURES