Stone Property 5 Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06617974 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

FOR

STONE PROPERTY 5 LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M E Terry

Mr J E Terry

REGISTERED OFFICE:

Bakers Farm

Chapel Road

Smallfield

Surrey

RH6 9JH

REGISTERED NUMBER:

06617974 (England and Wales)

ACCOUNTANTS:

Acuity Professional (Sellens French) LLP

91-97 Bohemia Road

St Leonards on Sea

East Sussex

TN37 6RJ

FIXED ASSETS

Tangible assets

3

314,114

226,892

CURRENT ASSETS

Debtors

4

18,548

22,386

Cash at bank

6,685

6,812

25,233

29,198

CREDITORS

Amounts falling due within one year

5

367,753

284,114

NET CURRENT LIABILITIES

(342,520

)

(254,916

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(28,406

)

(28,024

)

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

7

(28,408

)

(28,026

)

SHAREHOLDERS' FUNDS

(28,406

)

(28,024

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 18 May 2018 and were signed on its behalf by:

Mr J E Terry - Director

1.	STATUTORY INFORMATION

Stone Property 5 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 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.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

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

Land and buildings

-

NIL

3.	TANGIBLE FIXED ASSETS

Freehold

property

£

Cost

At 1 September 2016

226,892

Additions

87,222

At 31 August 2017

314,114

Net book value

At 31 August 2017

314,114

At 31 August 2016

226,892

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

18,548

21,413

Other debtors

-

973

18,548

22,386

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

39,973

35,447

Other creditors

73,394

72,374

Directors' current accounts

253,408

175,339

Accruals and deferred income

978

954

367,753

284,114

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

7.

RESERVES

Retained

earnings

£

At 1 September 2016

(28,026

)

Deficit for the year

(382

)

At 31 August 2017

(28,408

)

8.	FIRST YEAR ADOPTION

The company has adopted FRS 102 section 1A from 1st September 2016. The transition to FRS 102 has not

affected the reporting of the financial position and performance of the company during the current or previous

year.