STICKY SISTERS LIMITED

Company Registration Number:
09321088 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2021

Period of accounts

Start date: 01 December 2020

End date: 30 November 2021

STICKY SISTERS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2021

Balance sheet
Notes

STICKY SISTERS LIMITED

Balance sheet

As at 30 November 2021


Notes

2021

2020


£

£
Fixed assets
Intangible assets: 3 142,053 139,401
Tangible assets: 4 1,782 1,782
Total fixed assets: 143,835 141,183
Current assets
Debtors:   96,290 96,249
Cash at bank and in hand: 2,400 93
Total current assets: 98,690 96,342
Creditors: amounts falling due within one year: 5 (242,524) (237,524)
Net current assets (liabilities): (143,834) (141,182)
Total assets less current liabilities: 1 1
Total net assets (liabilities): 1 1
Capital and reserves
Called up share capital: 1 1
Shareholders funds: 1 1

The notes form part of these financial statements

STICKY SISTERS LIMITED

Balance sheet statements

For the year ending 30 November 2021 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 August 2022
and signed on behalf of the board by:

Name: SALIM H M JANMOHAMED
Status: Director

The notes form part of these financial statements

STICKY SISTERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.Depreciation is not charged on tangible assets until these come into use.

Intangible fixed assets and amortisation policy

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment costs.

Other accounting policies

DebtorsShort term debtors are measured at the transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.CreditorsShort term trade creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.TaxationTaxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.Current and deferred taxation assets and liabilities are not discounted.Current tax is recognised at the amount payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.Deferred taxDeferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that* The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and * Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the difference between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using the tax rates that have been enacted or substantively enacted by the reporting date.Financial instrumentsThe company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable or payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method.Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted are a market rate of interest for a similar debt instrument and subsequently at amortised cost.

STICKY SISTERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

2. Employees

2021 2020
Average number of employees during the period 1 1

STICKY SISTERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

3. Intangible Assets

Total
Cost £
At 01 December 2020 139,401
Additions 2,652
At 30 November 2021 142,053
Net book value
At 30 November 2021 142,053
At 30 November 2020 139,401

STICKY SISTERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

4. Tangible Assets

Total
Cost £
At 01 December 2020 1,782
At 30 November 2021 1,782
Net book value
At 30 November 2021 1,782
At 30 November 2020 1,782

STICKY SISTERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

5. Creditors: amounts falling due within one year note

Amounts due to related undertakings £242,524 £237,524

STICKY SISTERS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2021

6. Related party transactions

The following are related parties in which the director of this company is also a director and shareholder. Balances at 30 November 2021 and 30 November 2020 are detailed below:Amounts owed by related partiesKarali Ventures Limited £1 £1Sticky Sisters Trading Limited £96,289 £96,248Amounts owed to related partiesKarali Leisure Limited £242,524 £237,524The above balances represent inter company funding between the related parties and are interest free and with no fixed repayment date.