Company Registration No. 03443114 (England and Wales)
STONEMARTIN PROPERTIES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
STONEMARTIN PROPERTIES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 5
STONEMARTIN PROPERTIES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
388
Investments
2
2
390
Current assets
Debtors
24,749
24,395
Cash at bank and in hand
147
1,374
24,896
25,769
Creditors: amounts falling due within one year
(31,623)
(27,351)
Net current liabilities
(6,727)
(1,582)
Total assets less current liabilities
(6,727)
(1,192)
(6,727)
(1,192)
Capital and reserves
Called up share capital
3
20,000
20,000
Profit and loss account
(26,727)
(21,192)
Shareholders' funds
(6,727)
(1,192)
STONEMARTIN PROPERTIES LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2015
31 March 2015
- 2 -
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 29 January 2016
C J Peacock
Director
Company Registration No. 03443114
STONEMARTIN PROPERTIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
These accounts have been prepared on the going concern basis due to the ongoing support of the company's directors.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
straight line over 4 years
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.7
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
STONEMARTIN PROPERTIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 April 2014 & at 31 March 2015
2,779
100,002
102,781
Depreciation
At 1 April 2014
2,391
100,000
102,391
Charge for the year
388
2
390
At 31 March 2015
2,779
100,002
102,781
Net book value
At 31 March 2015
-
At 31 March 2014
388
2
390
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Summerstone Properties Limited
England
Ordinary
100.00
Stonemartin Ventures Limited
England
Ordinary
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2015
2015
Principal activity
£
£
Summerstone Properties Limited
Property development
(621,066)
-
Stonemartin Ventures Limited
Property development
(187,431)
(175,737)
The last relevant accounting period for Summerstone Properties Limited and Stonemartin Ventures Limited was the period ended 30 June 2014. DS01, striking off applications were filed in respect of Summerstone Properties Limited and Stonemartin Ventures Limited and both companies have been dissolved post year end. Therefore, the cost has been written down to nil. The other fixed asset investment, being 100,000 shares held in Eider Homes Ltd, has been written off as the company has gone into liquidation.
DS01, striking off applications were filed in respect of Summerstone Properties Limited and Stonemartin Ventures Limited and both companies have been dissolved post year end. Therefore, the cost has been written down to nil.
The other fixed asset investment, being 100,000 shares held in Eider Homes Ltd, has been written off as the company has gone into liquidation.
STONEMARTIN PROPERTIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 5 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
20,000 Ordinary shares of £1 each
20,000
20,000
2015-03-31
2014-04-01
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true
true
true
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