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REGISTERED NUMBER: 11726674 (England and Wales)















Stern Young & Partners Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2022






Stern Young & Partners Ltd (Registered number: 11726674)

Contents of the Financial Statements
for the year ended 31 December 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Stern Young & Partners Ltd

Company Information
for the year ended 31 December 2022







Director: K E T Rennerfelt





Secretary: K E T Rennerfelt





Registered office: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ





Registered number: 11726674 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Stern Young & Partners Ltd (Registered number: 11726674)

Balance Sheet
31 December 2022

2022 2021
Notes £ £ £ £
Fixed assets
Tangible assets 4 - 166

Current assets
Debtors 5 25,122 21,264
Cash at bank 2,534 4,167
27,656 25,431
Creditors
Amounts falling due within one year 6 78,729 72,226
Net current liabilities (51,073 ) (46,795 )
Total assets less current liabilities (51,073 ) (46,629 )

Creditors
Amounts falling due after more than one
year

7

26,666

36,667
Net liabilities (77,739 ) (83,296 )

Capital and reserves
Called up share capital 8 1 1
Retained earnings 9 (77,740 ) (83,297 )
Shareholders' funds (77,739 ) (83,296 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 October 2023 and were signed by:





K E T Rennerfelt - Director


Stern Young & Partners Ltd (Registered number: 11726674)

Notes to the Financial Statements
for the year ended 31 December 2022


1. Statutory information

Stern Young & Partners Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

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 balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

3. Employees and directors

The average number of employees during the year was NIL (2021 - NIL).

Stern Young & Partners Ltd (Registered number: 11726674)

Notes to the Financial Statements - continued
for the year ended 31 December 2022


4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 January 2022
and 31 December 2022 666
Depreciation
At 1 January 2022 500
Charge for year 166
At 31 December 2022 666
Net book value
At 31 December 2022 -
At 31 December 2021 166

5. Debtors: amounts falling due within one year
2022 2021
£ £
Trade debtors 2,172 2,482
Other debtors 22,950 18,782
25,122 21,264

6. Creditors: amounts falling due within one year
2022 2021
£ £
Bank loans and overdrafts 9,999 10,000
Trade creditors 38,077 41,078
Taxation and social security 22,460 12,955
Other creditors 8,193 8,193
78,729 72,226

7. Creditors: amounts falling due after more than one year
2022 2021
£ £
Bank loans 26,666 36,667

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £ £
1 Ordinary £1 1 1

Stern Young & Partners Ltd (Registered number: 11726674)

Notes to the Financial Statements - continued
for the year ended 31 December 2022


9. Reserves
Retained
earnings
£

At 1 January 2022 (83,297 )
Profit for the year 5,557
At 31 December 2022 (77,740 )

10. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

2022 2021
£ £
K E T Rennerfelt
Balance outstanding at start of year 14,147 6,578
Amounts advanced 3,117 7,569
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,264 14,147

11. Related party disclosures

Included in other debtors is a balance of £17,263 (2021 : £14,147) owed by the director.

Included in other creditors is a balance of £4,493 (2021 : £4,493) owed to a related company.