IRIS Accounts Production v18.3.1.65 00729860 Board of Directors 1.11.17 31.10.18 31.10.18 false true false false true false Fair value model Ordinary A shares 1.00000 Ordinary B shares 1.00000 Ordinary C shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure007298602017-10-31007298602018-10-31007298602017-11-012018-10-31007298602016-10-31007298602016-11-012017-10-31007298602017-10-3100729860ns15:EnglandWales2017-11-012018-10-3100729860ns14:PoundSterling2017-11-012018-10-3100729860ns10:Director12017-11-012018-10-3100729860ns10:PrivateLimitedCompanyLtd2017-11-012018-10-3100729860ns10:SmallEntities2017-11-012018-10-3100729860ns10:AuditExempt-NoAccountantsReport2017-11-012018-10-3100729860ns10:SmallCompaniesRegimeForDirectorsReport2017-11-012018-10-3100729860ns10:SmallCompaniesRegimeForAccounts2017-11-012018-10-3100729860ns10:FullAccounts2017-11-012018-10-3100729860ns10:OrdinaryShareClass12017-11-012018-10-3100729860ns10:OrdinaryShareClass22017-11-012018-10-3100729860ns10:OrdinaryShareClass32017-11-012018-10-3100729860ns10:Director22017-11-012018-10-3100729860ns10:Director32017-11-012018-10-3100729860ns10:CompanySecretary12017-11-012018-10-3100729860ns10:RegisteredOffice2017-11-012018-10-3100729860ns5:CurrentFinancialInstruments2018-10-3100729860ns5:CurrentFinancialInstruments2017-10-3100729860ns5:ShareCapital2018-10-3100729860ns5:ShareCapital2017-10-3100729860ns5:FurtherSpecificReserve3ComponentTotalEquity2018-10-3100729860ns5:FurtherSpecificReserve3ComponentTotalEquity2017-10-3100729860ns5:RetainedEarningsAccumulatedLosses2018-10-3100729860ns5:RetainedEarningsAccumulatedLosses2017-10-3100729860ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-10-3100729860ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-10-3100729860ns10:OrdinaryShareClass12018-10-3100729860ns10:OrdinaryShareClass22018-10-3100729860ns10:OrdinaryShareClass32018-10-3100729860ns5:FurtherSpecificReserve3ComponentTotalEquity2017-10-31


REGISTERED NUMBER: 00729860 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2018

for

Stone Enterprises Limited

Stone Enterprises Limited (Registered number: 00729860)






Contents of the Financial Statements
for the Year Ended 31 October 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stone Enterprises Limited

Company Information
for the Year Ended 31 October 2018







Directors: E L Stone
E D Stone
E A Stone





Secretary: E L Stone





Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB





Registered number: 00729860 (England and Wales)





Accountants: Wilson Sandford Limited
Chartered accountants
85 Church Road
Hove
East Sussex
BN3 2BB

Stone Enterprises Limited (Registered number: 00729860)

Balance Sheet
31 October 2018

2018 2017
Notes £    £    £    £   
Fixed assets
Investments 4 10,000 10,000
Investment property 5 1,150,000 1,150,000
1,160,000 1,160,000

Current assets
Debtors 6 58,249 63,405
Cash at bank 25,802 53,390
84,051 116,795
Creditors
Amounts falling due within one year 7 12,684 44,836
Net current assets 71,367 71,959
Total assets less current liabilities 1,231,367 1,231,959

Capital and reserves
Called up share capital 8 47,668 47,668
Fair value reserve 9 819,079 819,079
Retained earnings 364,620 365,212
Shareholders' funds 1,231,367 1,231,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 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.

Stone Enterprises Limited (Registered number: 00729860)

Balance Sheet - continued
31 October 2018


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors on 2 April 2019 and were signed on its
behalf by:





E L Stone - Director


Stone Enterprises Limited (Registered number: 00729860)

Notes to the Financial Statements
for the Year Ended 31 October 2018

1. Statutory information

Stone Enterprises Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Stone Enterprises Limited as an individual
company and do not contain consolidated financial information as the parent of a group. The company
is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare
consolidated financial statements.

Income from group undertakings
Income from group undertakings is recognised in the financial statements during the period in which
it is voted.

Investments in subsidiaries
Investments in subsidiary undertakings are initially recognised at cost and subsequently recorded at
cost less impairment.

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.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.


Stone Enterprises Limited (Registered number: 00729860)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2018

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

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.

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.

3. Employees and directors

The average number of employees during the year was NIL (2017 - NIL).

4. Fixed asset investments


5. Investment property
Total
£   
Fair value
At 1 November 2017
and 31 October 2018 1,150,000
Net book value
At 31 October 2018 1,150,000
At 31 October 2017 1,150,000

The investment property's fair value at the balance sheet date was determined by a director, based on
the open market value of similar properties.

6. Debtors: amounts falling due within one year
2018 2017
£    £   
Amounts owed by group undertakings 58,249 63,327
Other debtors - 78
58,249 63,405

Stone Enterprises Limited (Registered number: 00729860)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2018

7. Creditors: amounts falling due within one year
2018 2017
£    £   
Trade creditors - 466
Other creditors 12,684 44,370
12,684 44,836

8. Called up share capital




Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
24,311 Ordinary A shares £1 24,311 24,311
11,440 Ordinary B shares £1 11,440 11,440
11,917 Ordinary C shares £1 11,917 11,917
47,668 47,668

9. Reserves
Fair
value
reserve
£   
At 1 November 2017
and 31 October 2018 819,079

10. Related party disclosures

At the year end, the company owed the directors £11,482 (2017: £41,603).