Stallion Property Co. Ltd - Accounts to registrar (filleted) - small 17.3

Stallion Property Co. Ltd - Accounts to registrar (filleted) - small 17.3

STALLION PROPERTY CO. LTD - Company Information

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REGISTERED NUMBER: 05378422



















Unaudited Financial Statements

for the Year Ended 28 February 2017

for

Stallion Property Co. Ltd
Stallion Property Co. Ltd (Registered number: 05378422)






Contents of the Financial Statements
for the year ended 28 February 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stallion Property Co. Ltd

Company Information
for the year ended 28 February 2017







DIRECTORS: Dr D J Cox
A J F Hitchins





SECRETARY: Gorrie Whitson Secretarial Services Limited





REGISTERED OFFICE: 1st Floor, Cromwell House
14 Fulwood Place
London
WC1V 6HZ





REGISTERED NUMBER: 05378422





ACCOUNTANTS: Gorrie Whitson Limited
1st Floor, Cromwell House
14 Fulwood Place
London
WC1V 6HZ
Page 1
Stallion Property Co. Ltd (Registered number: 05378422)

Balance Sheet
28 February 2017

28.2.17 29.2.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 243,186 21,428
Investment property 5 4,165,000 4,165,000
4,408,186 4,186,428

CURRENT ASSETS
Debtors 6 7,157 100,586
Cash at bank 3,886 7,881
11,043 108,467
CREDITORS
Amounts falling due within one year 7 191,781 135,064
NET CURRENT LIABILITIES (180,738 ) (26,597 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,227,448
4,159,831

CREDITORS
Amounts falling due after more than one
year
8
2,717,593
2,665,322
NET ASSETS 1,509,855 1,494,509

CAPITAL AND RESERVES
Called up share capital 5 5
Share premium 249,999 249,999
Revaluation reserve 9 1,268,873 1,268,873
Retained earnings (9,022 ) (24,368 )
SHAREHOLDERS' FUNDS 1,509,855 1,494,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 notes form part of these financial statements

Page 2 continued...
Stallion Property Co. Ltd (Registered number: 05378422)

Balance Sheet - continued
28 February 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 November 2017 and were signed on its behalf
by:





A J F Hitchins - Director


The notes form part of these financial statements

Page 3
Stallion Property Co. Ltd (Registered number: 05378422)

Notes to the Financial Statements
for the year ended 28 February 2017

1. STATUTORY INFORMATION

Stallion Property Co. Ltd is a private company, limited by shares , registered in Not specified/Other. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

Page 4 continued...
Stallion Property Co. Ltd (Registered number: 05378422)

Notes to the Financial Statements - continued
for the year ended 28 February 2017

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2016 67,130
Additions 225,000
At 28 February 2017 292,130
DEPRECIATION
At 1 March 2016 45,702
Charge for year 3,242
At 28 February 2017 48,944
NET BOOK VALUE
At 28 February 2017 243,186
At 29 February 2016 21,428

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2016
and 28 February 2017 4,165,000
NET BOOK VALUE
At 28 February 2017 4,165,000
At 29 February 2016 4,165,000

Fair value at 28 February 2017 is represented by:

£   
Valuation in 2009 320,371
Valuation in 2012 726,000
Valuation in 2013 23,231
Valuation in 2014 340,000
Cost 2,755,398
4,165,000

If investment properties had not been revalued it would have been included at the following historical cost:

28.2.17 29.2.16
£    £   
Cost 2,755,398 2,755,398

Investment properties were revalued by the director at the year end.

Page 5 continued...
Stallion Property Co. Ltd (Registered number: 05378422)

Notes to the Financial Statements - continued
for the year ended 28 February 2017

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.17 29.2.16
£    £   
Trade debtors 99 68,995
Other debtors 7,058 31,591
7,157 100,586

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.17 29.2.16
£    £   
Bank loans and overdrafts 17,878 87,758
Other creditors 173,903 47,306
191,781 135,064

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.17 29.2.16
£    £   
Bank loans 1,494,744 1,442,473
Other creditors 1,222,849 1,222,849
2,717,593 2,665,322

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,494,744 1,442,473

9. RESERVES
Revaluation
reserve
£   
At 1 March 2016
and 28 February 2017 1,268,873

Page 6