Stickland Developments Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05202114 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Stickland Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N Zamek

SECRETARY:

G R Ziser

REGISTERED OFFICE:

The Office

Inglewood Mansions

289 West End Lane

London

NW6 1RE

REGISTERED NUMBER:

05202114 (England and Wales)

ACCOUNTANTS:

CAAS

Chartered Accountants

Suite 203, 2nd Floor

China House

401 Edgware Road

London

NW2 6GY

FIXED ASSETS

Investments

4

3,100,000

3,100,000

CURRENT ASSETS

Debtors

5

1,067,208

1,186,308

CREDITORS

Amounts falling due within one year

6

1,483,652

1,488,185

NET CURRENT LIABILITIES

(416,444

)

(301,877

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,683,556

2,798,123

CREDITORS

Amounts falling due after more than one year

7

2,657,191

2,775,840

NET ASSETS

26,365

22,283

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

26,364

22,282

SHAREHOLDERS' FUNDS

26,365

22,283

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 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 director on 24 January 2018 and were signed by:

N Zamek - Director

1.	STATUTORY INFORMATION

Stickland Developments 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 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, and in accordance with the accounting policies set out below.

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1

April 2015.

No transitional adjustments were required in equity or profit and loss for the year.

Changes in accounting policies

There have been no changes in accounting policies as a result of the transition to FRS 102.

Preparation of consolidated financial statements

The financial statements contain information about Stickland Developments 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.

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.

Investments

Fixed asset investments are stated at cost less provision for permanent diminution in value.

Provisions and accruals

Provisions are recognised when there is a present legal or constructive obligation as a result of past events and

the amount can be reliably estimated. Provisions are not recognised for future operating losses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2016

and 31 March 2017

3,100,000

NET BOOK VALUE

At 31 March 2017

3,100,000

At 31 March 2016

3,100,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Galehouse Investments Limited

Registered office: The Office, Inglewood Mansions, 289 West End Lane, London NW6 1RE

Nature of business: Property investment

%

Class of shares:

holding

Ordinary £1

100.00

31.3.17

31.3.16

£

£

Aggregate capital and reserves

2,028,086

1,361,076

Profit for the year

667,011

34,961

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Amounts owed by group undertakings

1,067,208

1,186,308

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Tax

1,021

298

Other creditors

1,481,431

1,481,431

Accruals and deferred income

1,200

6,456

1,483,652

1,488,185

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans more 5 yrs non-inst

-

2,775,840

Amounts owed to group undertakings

2,657,191

-

2,657,191

2,775,840

31.3.17

31.3.16

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

-

2,775,840

Fixed and floating charges are secured over the undertaking of the company and the property in the subsidiary.