Company Registration No. 04559474 (England and Wales)
STIRLING SQUARE CAPITAL PARTNERS SERVICES LIMITED
DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
STIRLING SQUARE CAPITAL PARTNERS SERVICES LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2022
31 December 2022
- 1 -
2022
2021
Notes
£
£
£
£
Current assets
Debtors
6
199
-
0
Cash at bank and in hand
6,916
7,053
7,115
7,053
Creditors: amounts falling due within one year
7
(7,114)
(7,052)
Net current assets
1
1
Capital and reserves
Called up share capital
9
1
1

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of Directors and authorised for issue on 30 September 2023 and are signed on its behalf by:
Mr C Black
Director
Company Registration No. 04559474
The notes on pages 4 to 6 form part of these financial statements.
STIRLING SQUARE CAPITAL PARTNERS SERVICES LIMITED
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- 2 -
1
Accounting policies
1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 the "Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 

The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern
The Company is dependent on continuing finance being made available by its affiliated entity, to enable it to continue operating and to meet its liabilities as they fall due. The affiliated entity has agreed to provide sufficient funds to the Company for these purposes.
1.3
Cash flow statement

The Directors have taken advantage of the exemption in Financial Reporting Standard 102 Section 1A (Para 1A.7) from including a cash flow statement in the financial statements on the grounds that the Company is small. true

1.4
Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off cost less estimated residual value of each asset over its expected useful life, as follows:

Equipment
5 years
Fixtures & Fittings
5 years
1.5
Financial assets

The Company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

 

Financial assets are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument. Basic financial assets, which include cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, less any impairment.

 

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial.

1.6
Financial liabilities

Financial liabilities, including amounts owed to affiliated undertakings and other creditors, are initially measured at transaction price. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method, except for short-term payables when the recognition of interest would be immaterial.

1.7
Turnover

The turnover shown in the Profit and Loss Account represents amounts earned during the year, exclusive of Value Added Tax.

STIRLING SQUARE CAPITAL PARTNERS SERVICES LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 3 -
2
Judgements and key sources of estimation uncertainty

In the opinion of the Directors there are no significant estimates or judgements included in these financial statements.

3
Turnover and other revenue

An analysis of the Company's turnover is as follows:

2022
2021
£
£
Turnover
Recharged expenses
1,889
1,723
1,889
1,723
4
Taxation
2022
2021
£
£
Total current tax
-
-
0
Factors affecting the tax charge for the year
Loss on ordinary activities before taxation
-
-
Loss on ordinary activities before taxation by standard rate of UK corporation tax of 19% (2021 - 19%)
-
-
Current tax charge for the year
-
-
5
Employees

There were no employees during this or the prior year.

2022
2021
Number
Number
Total
-
0
-
0
6
Debtors
2022
2021
Amounts falling due within one year:
£
£
Other debtors
199
-
0
STIRLING SQUARE CAPITAL PARTNERS SERVICES LIMITED
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 4 -
7
Creditors: amounts falling due within one year
2022
2021
£
£
Amounts owed to group undertakings
5,014
4,319
Other taxation
-
0
298
Other creditors
2,100
2,435
7,114
7,052
8
Related party transactions

During the year, the Company recharged expenses of £1,889 (2021: £1,723) to Stirling Square Capital Partners LLP, a corporate director of the Company. At 31 December 2022, the Company owed £5,014 (2021: £4,319) to Stirling Square Capital Partners LLP.

9
Share capital
2022
2021
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1
10
Ultimate parent company

The ultimate controlling entity for Stirling Square Capital Partners Services Limited is Stirling Square Capital Partners Holdings Limited, a company registered and incorporated in Jersey.

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