Stratstone Facilities Ltd
Stratstone Facilities Ltd
Registered number: 12339443
Unaudited Financial Statements
For the Period
1 December 2021
to
31 December 2022
Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Stratstone Facilities Ltd
Unaudited Financial Statements
For the Period
1 December 2021
to
31 December 2022
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Company Information | 1 |
| Accountants' Report | 2 |
| Statement of Financial Position | 3—4 |
| Notes to the Financial Statements | 5—7 |
Stratstone Facilities Ltd
Company Information
For the Period
1 December 2021
to
31 December 2022
Company Information
| Director |
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| Company Number |
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| Registered Office | 157 High Street |
| Ongar | |
| CM5 9JD | |
| Accountants |
|
| Chartered Accountants | |
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| Chipperfield Road | |
| Kings Langley | |
| Hertfordshire | |
| WD4 9JB | |
Stratstone Facilities Ltd
Accountants' Report
For the Period
1 December 2021
to
31 December 2022
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of
Stratstone Facilities Ltd
For the Period 1 December 2021 to 31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Stratstone Facilities Ltd
For the Period 1 December 2021 to 31 December 2022 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of
Stratstone Facilities Ltd
, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of
Stratstone Facilities Ltd
and state those matters that we have agreed to state to the director of
Stratstone Facilities Ltd
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Stratstone Facilities Ltd
and its director, as a body, for our work or for this report.
It is your duty to ensure that
Stratstone Facilities Ltd
has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of
Stratstone Facilities Ltd
. You consider that
Stratstone Facilities Ltd
is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit of the accounts of
Stratstone Facilities Ltd
. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
| Signed |
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Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Stratstone Facilities Ltd
Statement of Financial Position
As At
31 December 2022
Statement of Financial Position
Registered number:
12339443
For the period ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
| 31 December 2022 | 30 November 2021 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
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| NET (LIABILITIES)/ASSETS |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Income Statement |
( |
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| SHAREHOLDERS' FUNDS | (45,919) | 100 | |||
Stratstone Facilities Ltd
Statement of Financial Position (continued)
As At
31 December 2022
On behalf of the board
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Director
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The notes on pages 5 to 7 form part of these financial statements.
Stratstone Facilities Ltd
Notes to the Financial Statements
For the Period
1 December 2021
to
31 December 2022
Notes to the Financial Statements
1.
General Information
Stratstone Facilities Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
12339443
. The registered office is 157 High Street, Ongar, CM5 9JD.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Stratstone Facilities Ltd
Notes to the Financial Statements (continued)
For the Period
1 December 2021
to
31 December 2022
2.3.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2021: NIL)
4.
Debtors
| 31 December 2022 | 30 November 2021 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Other debtors |
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| Deferred tax current asset | 10,795 | - | |
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Stratstone Facilities Ltd
Notes to the Financial Statements (continued)
For the Period
1 December 2021
to
31 December 2022
5.
Creditors: Amounts Falling Due Within One Year
| 31 December 2022 | 30 November 2021 | ||
|---|---|---|---|
| £ | £ | ||
| VAT |
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- | |
| Other creditors |
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7.
Related Party Transactions
During the period, purchases amounting to £80,000 (2021: £Nil) were made with Stratstone Developments London Ltd, a company in which William Linay is a director. At the period end a balance of £100,000 (2021: £Nil) was owed to Stratstone Developments London Ltd. The amount is included in other creditors.
At the period end a balance of £27,092 (2021: £Nil) was owed from Stratstone Projects Limited, a company in which William Linay is a director. The amount is included in other debtors.
8.
Ultimate Controlling Party
The company's ultimate controlling party is
William Linay
by virtue of his ownership of 100% of the issued share capital in the company.
9.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1st December 2021.