Stortview Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04241391 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 August 2023

for

Stortview Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S J Revell

SECRETARY:

Mr S J Revell

REGISTERED OFFICE:

The Tower,

The Maltings

Hoe Lane

Ware

Hertfordshire

SG12 9LR

REGISTERED NUMBER:

04241391 (England and Wales)

ACCOUNTANTS:

DSCO

The Tower

The Maltings

Hoe Lane

Ware

Hertfordshire

SG12 9LR

FIXED ASSETS

Tangible assets

4

14,907

18,634

CURRENT ASSETS

Debtors

5

137,088

150,323

Cash at bank

78

17,132

137,166

167,455

CREDITORS

Amounts falling due within one year

6

15,662

17,444

NET CURRENT ASSETS

121,504

150,011

TOTAL ASSETS LESS CURRENT
LIABILITIES

136,411

168,645

CREDITORS

Amounts falling due after more than one
year

7

14,985

23,037

NET ASSETS

121,426

145,608

CAPITAL AND RESERVES

Called up share capital

12

Retained earnings

121,414

145,596

SHAREHOLDERS' FUNDS

121,426

145,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 August 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 May 2024 and were signed by:

Mr S J Revell - Director

1.	STATUTORY INFORMATION

Stortview 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.

Turnover

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

Investment property

The Freehold Property shown in note 5 is held as an Investment Property by the company. The Financial Reporting Standard for Smaller Entities requires that an Investment Property is shown at its open market value at the Balance Sheet date. As such no depreciation has been charged during the year. Whilst this is a departure from the requirements of the Companies Act 2006, it is the correct treatment not to depreciate given that the true and fair overide takes precedence.

Taxation

Taxation for the year 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 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.

Going concern

The company is only able to continue to trade with the confirmed support of its Directors, Shareholders and

Bankers.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 31 August 2022

and 30 August 2023

23,292

DEPRECIATION

At 31 August 2022

4,658

Charge for year

3,727

At 30 August 2023

8,385

NET BOOK VALUE

At 30 August 2023

14,907

At 30 August 2022

18,634

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.8.23

30.8.22

£

Trade debtors

-

24,808

Other debtors

137,088

125,515

137,088

150,323

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.8.23

30.8.22

£

Bank loans and overdrafts

2,632

2,640

Hire purchase contracts

5,838

Trade creditors

1,825

564

Taxation and social security

3,667

5,252

Other creditors

1,700

3,150

15,662

17,444

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.8.23

30.8.22

£

Mortgage loans

12,553

14,767

Hire purchase contracts

2,432

8,270

14,985

23,037

8.	RELATED PARTY DISCLOSURES

Maleon Limited

A Company under common control.

The company maintains an inter-company loan account with Maleon Limited. As at 31st August 2023 the company was owed £0 (2022:£19,224).

Maleon Construction Project Safety Limited

A Company under common control.

The company maintains an inter-company loan account with Maleon Construction Project Safety Limited. As at 31st August 2023 the company was owed £0 (2022:£11,930 was due to Maleon Construction Safety Limited).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S J Revell.

Stortview Limited - Accounts to registrar (filleted) - small 23.2.5

Stortview Limited - Accounts to registrar (filleted) - small 23.2.5