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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED |
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30 SEPTEMBER 2018 |
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FOR |
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STANTON CONSTRUCTION LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED |
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30 SEPTEMBER 2018 |
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FOR |
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STANTON CONSTRUCTION LIMITED |
STANTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02764726) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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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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STANTON CONSTRUCTION LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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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 |
Corner Oak |
1 Homer Road |
Solihull |
B91 3QG |
STANTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02764726) |
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BALANCE SHEET |
30 SEPTEMBER 2018 |
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2018 | 2017 |
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 LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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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 |
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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. |
STANTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02764726) |
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BALANCE SHEET - continued |
30 SEPTEMBER 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement 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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STANTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02764726) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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1. | STATEMENT OF COMPLIANCE |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 |
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related |
party transactions with wholly owned subsidiaries within the group. |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Tangible fixed assets |
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Improvements to property | - |
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Fixtures, fittings and equipment | - |
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Motor vehicles | - |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
changes in fair value is recognised in profit or loss. |
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Stocks |
Work in progress is stated as the value of work certified at cost including a proportion of overheads |
and profits where appropriate, less progress payments on uncompleted contracts and provision for |
expected losses. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
period of the lease. |
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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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Investments |
Investments are shown on the balance sheet at cost at the balance sheet date. Any profits/(losses) on |
the investment disposals are written off to the profit and loss account in the year they are disposed of, |
together with any income arising from these investments. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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STANTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02764726) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures, |
Improvements | fittings |
to | and | Motor |
property | equipment | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 October 2017 |
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Additions |
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Disposals |
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At 30 September 2018 |
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DEPRECIATION |
At 1 October 2017 |
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Charge for year |
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Eliminated on disposal |
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At 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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At 30 September 2017 |
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5. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST |
At 1 October 2017 |
and 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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At 30 September 2017 |
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Stanton Construction Limited acquired 100% of the shares of Reigate Heath Garage Limited (company |
number 00875720). The substance of this transaction was that Stanton Construction Limited |
purchased this company to acquire the land it owns which is its only remaining asset, and intended to |
develop this land. The acquisition price was therefore included within work in progress rather than as |
an investment as the directors believed this treatment was necessary in order to show a true and fair |
view. |
STANTON CONSTRUCTION LIMITED (REGISTERED NUMBER: 02764726) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
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6. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 October 2017 |
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Additions |
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At 30 September 2018 |
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NET BOOK VALUE |
At 30 September 2018 |
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At 30 September 2017 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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9. | OPERATING LEASE COMMITMENTS |
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The following operating lease payments are committed to be paid : |
2018 | 2017 |
£ | £ |
Within: |
One year | 1,580 | 1,960 |
Between two and five years | 3,160 | - |
4,740 | 1,960 |
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10. | ULTIMATE CONTROLLING PARTY |
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The parent undertaking is Stanton Property Construction Limited, registered office Stanton House, |
Castlefield Road, Reigate, Surrey, United Kingdom, RH2 0SA. |