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Unaudited Financial Statements for the Year Ended 31 October 2017 |
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Stone Enterprises Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 October 2017 |
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for |
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Stone Enterprises Limited |
Stone Enterprises Limited (Registered number: 00729860) |
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Contents of the Financial Statements |
for the Year Ended 31 October 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Stone Enterprises Limited |
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Company Information |
for the Year Ended 31 October 2017 |
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Directors: |
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Secretary: |
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Registered office: |
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Registered number: |
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Accountants: |
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Chartered accountants |
85 Church Road |
Hove |
East Sussex |
BN3 2BB |
Stone Enterprises Limited (Registered number: 00729860) |
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Balance Sheet |
31 October 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Investments | 5 |
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Investment property | 6 |
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Current assets |
Stocks |
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Debtors | 7 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 8 |
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Net current assets |
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Total assets less current liabilities |
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Creditors |
Amounts falling due after more than one
year |
9 |
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Provisions for liabilities |
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Net assets |
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Stone Enterprises Limited (Registered number: 00729860) |
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Balance Sheet - continued |
31 October 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
Capital and reserves |
Called up share capital | 11 |
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Revaluation reserve | 12 |
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Investment property reserve |
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Retained earnings |
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Shareholders' funds |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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Stone Enterprises Limited (Registered number: 00729860) |
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Notes to the Financial Statements |
for the Year Ended 31 October 2017 |
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1. | Statutory information |
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Stone Enterprises Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Freehold property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Tangible fixed assets are initially recorded at cost and subsequently recorded at cost less accumulated |
depreciation and impairment. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are initially recognised at cost and subsequently recorded at cost |
less impairment. |
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Investment property |
The investment property is carried at fair value at the balance sheet date. Adjustments in the fair value are |
recognised in the profit and loss account. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete |
and slow moving items. |
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Stocks are calculated on a first in, first out basis. |
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Stone Enterprises Limited (Registered number: 00729860) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2017 |
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2. | Accounting policies - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's |
pension scheme are charged to profit or loss in the period to which they relate. |
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3. | Employees and directors |
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The average number of employees during the year was NIL (2016 - 5 ). |
Stone Enterprises Limited (Registered number: 00729860) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2017 |
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4. | Tangible fixed assets |
Fixtures |
Freehold | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
Cost |
At 1 November 2016 |
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Disposals |
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Reclassification/transfer | ( |
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At 31 October 2017 |
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Depreciation |
At 1 November 2016 |
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Eliminated on disposal |
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Reclassification/transfer | ( |
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At 31 October 2017 |
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Net book value |
At 31 October 2017 |
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At 31 October 2016 |
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Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
Cost |
At 1 November 2016 |
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Disposals | ( |
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Reclassification/transfer |
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( |
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At 31 October 2017 |
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Depreciation |
At 1 November 2016 |
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Eliminated on disposal | ( |
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Reclassification/transfer |
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( |
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At 31 October 2017 |
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Net book value |
At 31 October 2017 |
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At 31 October 2016 |
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Stone Enterprises Limited (Registered number: 00729860) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2017 |
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5. | Fixed asset investments |
Shares in |
group |
undertakin |
£ |
Cost |
At 1 November 2016 |
and 31 October 2017 |
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Net book value |
At 31 October 2017 |
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At 31 October 2016 |
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6. | Investment property |
Total |
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Fair value |
Additions |
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Revaluations | 454,000 |
At 31 October 2017 |
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Net book value |
At 31 October 2017 |
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The investment property was valued at open market value at the balance sheet date by a director. |
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7. | Debtors: amounts falling due within one year |
2017 | 2016 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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Stone Enterprises Limited (Registered number: 00729860) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2017 |
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8. | Creditors: amounts falling due within one year |
2017 | 2016 |
£ | £ |
Hire purchase contracts |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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9. | Creditors: amounts falling due after more than one year |
2017 | 2016 |
£ | £ |
Hire purchase contracts |
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10. | Secured debts |
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The following secured debts are included within creditors: |
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2017 | 2016 |
£ | £ |
Hire purchase contracts | - | 7,817 |
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The secured liabilities were secured on the assets to which they relate. |
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11. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary A shares | £1 | 24,311 | 24,311 |
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Ordinary B shares | £1 | 11,440 | 11,440 |
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Ordinary C shares | £1 | 11,917 | 11,917 |
47,668 | 47,668 |
Stone Enterprises Limited (Registered number: 00729860) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 October 2017 |
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12. | Reserves |
Revaluatio |
reserve |
£ |
At 1 November 2016 |
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Transfer | (365,079 | ) |
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At 31 October 2017 |
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13. | Related party disclosures |
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At the year end, the company owed the directors £41,603 (2016: £57,068). |