Stoneworth Property Group Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11950455 (England and Wales)

Financial Statements

for the Period 1 May 2021 to 29 September 2022

for

Stoneworth Property Group Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P A Mahoney

S Parry

S Vadamootoo

REGISTERED OFFICE:

Level 24-25 The Shard

32, London Bridge Street

London

SE1 9SG

REGISTERED NUMBER:

11950455 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

Suite 4, 10/12 The Grove,

Ilkley

West Yorkshire

LS29 9EG

CURRENT ASSETS

Debtors

4

19,212

79,758

Cash at bank

16,121

278,561

35,333

358,319

CREDITORS

Amounts falling due within one year

5

(17,596

)

(202,742

)

NET CURRENT ASSETS

17,737

155,577

TOTAL ASSETS LESS CURRENT LIABILITIES

17,737

155,577

CREDITORS

Amounts falling due after more than one year

6

(61,660

)

(84,364

)

NET (LIABILITIES)/ASSETS

(43,923

)

71,213

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

(44,023

)

71,113

SHAREHOLDERS' FUNDS

(43,923

)

71,213

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 September 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 September 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 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 Board of Directors and authorised for issue on 5 December 2023 and were signed on its behalf by:

P A Mahoney - Director

S Parry - Director

S Vadamootoo - Director

1.	STATUTORY INFORMATION

Stoneworth Property Group Ltd 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.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TAXATION

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

18,292

79,658

Other debtors

820

5

Directors' current accounts

100

95

19,212

79,758

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts (see note 7)

9,808

-

Trade creditors

4,488

-

Corporation tax

-

9,923

Social security and other tax

-

14,952

Other creditors

-

4,810

Accrued expenses

3,300

173,057

17,596

202,742

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bounce Back Loan

28,271

-

Other creditors

33,389

84,364

61,660

84,364

7.

LOANS

An analysis of the maturity of loans is given below:

2022

2021

£

£

Amounts falling due within one year or on demand:

Bank loans

9,808

-

8.

RESERVES

Retained

earnings

£

At 1 May 2021

71,113

Deficit for the period

(115,136

)

At 29 September 2022

(44,023

)

9.	RELATED PARTY DISCLOSURES

The company owed loans totalling £33,389 to Nova Prop Ltd and Nova Financial Ltd, companies in which the directors' and shareholders have a controlling interest.