Stockton Estates Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02255102 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

STOCKTON ESTATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr M S Ross

Mr N A Ross

SECRETARY:

Mr N A Ross

REGISTERED OFFICE:

115b Drysdale Street

Hoxton

London

N1 6ND

REGISTERED NUMBER:

02255102 (England and Wales)

ACCOUNTANTS:

P J Marks and Co. Ltd

Chartered Certified Accountants

115b Drysdale Street

Hoxton

London

N1 6ND

FIXED ASSETS

Tangible assets

2

430

574

Investments

3

224,843

224,845

Investment property

4

750,000

750,000

975,273

975,419

CURRENT ASSETS

Debtors

1,105

13,167

Cash at bank

66,404

17,429

67,509

30,596

CREDITORS

Amounts falling due within one year

5

20,024

69,828

NET CURRENT ASSETS/(LIABILITIES)

47,485

(39,232

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,022,758

936,187

CREDITORS

Amounts falling due after more than one year

5

550,039

352,500

NET ASSETS

472,719

583,687

CAPITAL AND RESERVES

Called up share capital

6

50,000

50,000

Investment property revalua-

tion reserve

9,961

9,961

Profit and loss account

412,758

523,726

SHAREHOLDERS' FUNDS

472,719

583,687

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 December 2015 and were signed on its behalf by:

Mr M S Ross - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Preparation of consolidated financial statements

The financial statements contain information about Stockton Estates Limited as an individual company and do

not contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net rental income receivable, net of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

4,706

DEPRECIATION

At 1 April 2014

4,132

Charge for year

144

At 31 March 2015

4,276

NET BOOK VALUE

At 31 March 2015

430

At 31 March 2014

574

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2014

49,845

Disposals

(2

)

At 31 March 2015

49,843

NET BOOK VALUE

At 31 March 2015

49,843

At 31 March 2014

49,845

Loans

£

At 1 April 2014

and 31 March 2015

175,000

The loan of £175,000 is to Regalrent Limited. The investments in subsidiary undertakings comprise of the entire

share capital of Abbotrange Limited, Regalrent Limited and Wiltonrun Limited.

The principal activity of each company is property dealing and property investment and related activities. All

companies are incorporated in United Kingdom.

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2014

and 31 March 2015

750,000

NET BOOK VALUE

At 31 March 2015

750,000

At 31 March 2014

750,000

5.

CREDITORS

Creditors include an amount of £ 0 (2014 - £ 302,500 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

50,000

352,500

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

50,000

Ordinary

£1

50,000

50,000

7.	RELATED PARTY DISCLOSURES

Abbotrange Limited

A company in which Mr M Ross is a director and shareholder.

2015

2014

£

£

Amount due (to)/from related party at the balance sheet date

(187,250

)

12,496

Regalrent Limited

A company in which Mr M Ross is a director and shareholder.

2015

2014

£

£

Amount due from related party at the balance sheet date

111,117

163,500

Wiltonrun Limited

A company in which Mr M Ross is a director and shareholder.

2015

2014

£

£

Amount due to related party at the balance sheet date

41,366

41,366

Mr M S Ross

A director and shareholder.

2015

2014

£

£

Amount due to related party at the balance sheet date

207,540

1,115