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REGISTERED NUMBER: 03148001 (England and Wales)










REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

STRATIS MEATS LIMITED

STRATIS MEATS LIMITED (REGISTERED NUMBER: 03148001)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 JUNE 2023




Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 3

Income Statement 4

Statement of Financial Position 5

Notes to the Financial Statements 6


STRATIS MEATS LIMITED

COMPANY INFORMATION
For The Year Ended 30 JUNE 2023







DIRECTORS: Mrs A Pishiri
Mr P Stratis
Mr A Stratis





SECRETARY: Mr A Stratis





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 03148001 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

STRATIS MEATS LIMITED (REGISTERED NUMBER: 03148001)

REPORT OF THE DIRECTORS
For The Year Ended 30 JUNE 2023

The directors present their report with the financial statements of the company for the year ended 30 June 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of holding of investments.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2022 to the date of this report.

Mrs A Pishiri
Mr P Stratis
Mr A Stratis

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr P Stratis - Director


2 October 2023

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
STRATIS MEATS LIMITED


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stratis Meats Limited for the year ended 30 June 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Stratis Meats Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stratis Meats Limited and state those matters that we have agreed to state to the Board of Directors of Stratis Meats Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stratis Meats Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Stratis Meats Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stratis Meats Limited. You consider that Stratis Meats Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stratis Meats Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA


2 October 2023

STRATIS MEATS LIMITED (REGISTERED NUMBER: 03148001)

INCOME STATEMENT
For The Year Ended 30 JUNE 2023

2023 2022
£    £   

REVENUE - -

Administrative expenses 1,080 800
OPERATING LOSS (1,080 ) (800 )

Income from shares in group undertakings 1,600,000 425,000
PROFIT BEFORE TAXATION 1,598,920 424,200

Tax on profit - -
PROFIT FOR THE FINANCIAL YEAR 1,598,920 424,200

STRATIS MEATS LIMITED (REGISTERED NUMBER: 03148001)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 166,720 166,720

CURRENT ASSETS
Debtors 5 1,971,969 456,869

CREDITORS
Amounts falling due within one year 6 5,380 4,300
NET CURRENT ASSETS 1,966,589 452,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,133,309

619,289

PROVISIONS FOR LIABILITIES 24,000 24,000
NET ASSETS 2,109,309 595,289

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,108,309 594,289
2,109,309 595,289

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

The financial statements have been prepared 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 2 October 2023 and were signed on its behalf by:





Mr P Stratis - Director


STRATIS MEATS LIMITED (REGISTERED NUMBER: 03148001)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 JUNE 2023

1. STATUTORY INFORMATION

Stratis Meats 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 Stratis Meats 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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

Taxation
Taxation 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

STRATIS MEATS LIMITED (REGISTERED NUMBER: 03148001)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022
and 30 June 2023 166,720
NET BOOK VALUE
At 30 June 2023 166,720
At 30 June 2022 166,720

Investment in shares in group undertakings include the following:

Subsidiaries

Central Meat (Smithfield) Limited
Registered office: 1 Kings Avenue, London, United Kingdom, N21 3NA
Nature of business: Wholesale of meat and meat products
Classes of shares: Ordinary
Holding: 99.8%

G & E (Meats) Limited
Registered office: 1 Kings Avenue, London, United Kingdom, N21 3NA
Nature of business: Wholesale of meat and meat products
Classes of shares: Ordinary
Holding: 99.96%

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 1,971,969 456,869

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 5,380 4,300

7. GUARANTEE

The company has provided a cross guarantee on the initial bank loan of obligor, a company under the common control.

The loan is secured by way of fixed and floating charge on the company's assets and contains a negative pledge.

STRATIS MEATS LIMITED (REGISTERED NUMBER: 03148001)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 JUNE 2023

8. RELATED PARTY DISCLOSURES

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.