Company Registration No. 07237303 (England and Wales)
Stony Valley Limited
Unaudited accounts
for the year ended 31 March 2017
Stony Valley Limited
Unaudited accounts
Contents
Stony Valley Limited
Company Information
for the year ended 31 March 2017
Company Number
07237303 (England and Wales)
Registered Office
21/25 St Johns Hill
Clapham
London
SW7 1TT
Accountants
Monty Accounting Solutions
16 Smitham Bridge Road
Hungerford
Berkshire
RG17 0QP
Stony Valley Limited
Statement of financial position
as at
31 March 2017
Tangible assets
28,235
43,599
Inventories
18,054
15,734
Cash at bank and in hand
31,634
46,111
Creditors: amounts falling due within one year
(444,978)
(433,431)
Net current assets
348,650
331,561
Total assets less current liabilities
376,885
375,160
Creditors: amounts falling due after more than one year
(6,245)
(12,589)
Net assets
370,640
362,571
Called up share capital
100
100
Profit and loss account
370,540
362,471
Shareholders' funds
370,640
362,571
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 25 April 2018.
Howard Spooner
Director
Company Registration No. 07237303
Stony Valley Limited
Notes to the Accounts
for the year ended 31 March 2017
Stony Valley Limited is a private company, limited by shares, registered in England and Wales, registration number 07237303. The registered office is 21/25 St Johns Hill, Clapham, London, SW7 1TT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015
The accounts have been prepared under the historical cost convention
The company will meet its day to day working capital requirement through the support of its director. The director believes the company has adequate resources to operate for the foreseeable future thus the going concern basis of accounting is adopted in these financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.
Leased assets & hire purchase
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Stony Valley Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
Charge for the year
15,364
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Fixtures & fittings
13,691
20,987
Finished goods
18,054
15,734
Amounts due from group undertakings etc.
528,600
516,700
Accrued income and prepayments
212,721
183,829
Other debtors
2,619
2,618
7
Creditors: amounts falling due within one year
2017
2016
Obligations under finance leases and hire purchase contracts
6,245
6,245
Trade creditors
139,437
139,437
Taxes and social security
234,914
177,678
Other creditors
27,971
26,877
Loans from directors
3,714
50,497
8
Creditors: amounts falling due after more than one year
2017
2016
Obligations under finance leases and hire purchase contracts
6,245
12,589
Stony Valley Limited
Notes to the Accounts
for the year ended 31 March 2017
9
Transactions with related parties
A management charge of £120,617 (2016 - £90,000) and rent of £400,000 (2016 - £424,835) has been paid to Clapham and Fulham Properties Limited, the parent company. There is no formal agreement in place between the two companies.
At the year end £500,000 (2016 - £500,000) was owed to the Company by Clapham and Fulham Properties Limited
The Company is owed £28,600 (2016 - £16,700) by The Outside Chance Public House Limited a fellow subsidiary of Clapham and Fulham Properties Limited
10
Average number of employees
During the year the average number of employees was 28 (2016: 25).