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Company Registration No. 12676729 (England and Wales)
STAVNICO LTD Unaudited accounts for the year ended 31 December 2021
STAVNICO LTD Unaudited accounts Contents
Page
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STAVNICO LTD Company Information for the year ended 31 December 2021
Director
Vasos Nicolaou
Secretary
Vasos Nicolaou
Company Number
12676729 (England and Wales)
Registered Office
17 Canning Crescent London N22 5SR United Kingdom
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STAVNICO LTD Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Investment property
279,418 
110,684 
Current assets
Debtors
- 
318 
Cash at bank and in hand
10,370 
1,000 
10,370 
1,318 
Creditors: amounts falling due within one year
(1,800)
(500)
Net current assets
8,570 
818 
Total assets less current liabilities
287,988 
111,502 
Creditors: amounts falling due after more than one year
(288,644)
(111,959)
Net liabilities
(656)
(457)
Capital and reserves
Called up share capital
1,200 
1,200 
Profit and loss account
(1,856)
(1,657)
Shareholders' funds
(656)
(457)
For the year ending 31 December 2021 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.
The financial statements were approved by the Board and authorised for issue on 7 September 2022 and were signed on its behalf by
Vasos Nicolaou Director Company Registration No. 12676729
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STAVNICO LTD Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
STAVNICO LTD is a private company, limited by shares, registered in England and Wales, registration number 12676729. The registered office is 17 Canning Crescent, London , N22 5SR, United Kingdom.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted. No provision was found to be necessary for the period ended 31 December 2021.
Turnover
Turnover represents rent received.
4
Investment property
2021 
£ 
Fair value at 1 January 2021
110,684 
Additions
168,734 
At 31 December 2021
279,418 
Investment property comprise of long term property held for long term rental yields and for capital appreciation and is not occupied by the company.
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
- 
318 
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STAVNICO LTD Notes to the Accounts for the year ended 31 December 2021
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Accruals
1,800 
500 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
161,123 
65,000 
Other creditors
127,521 
46,959 
288,644 
111,959 
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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