Company Registration No. 10092600 (England and Wales)
Stathis Property Limited
Unaudited accounts
for the year ended 31 March 2023
Stathis Property Limited
Unaudited accounts
Contents
Stathis Property Limited
Company Information
for the year ended 31 March 2023
Company Number
10092600 (England and Wales)
Registered Office
Flat 2901, Vita Living North 7
Symphony Park
Manchester
Greater Manchester
M1 7GG
United Kingdom
Stathis Property Limited
Statement of financial position
as at 31 March 2023
Investment property
410,000
410,000
Cash at bank and in hand
1,071
3,034
Creditors: amounts falling due within one year
(108,124)
(105,298)
Net current liabilities
(98,320)
(101,439)
Total assets less current liabilities
319,284
308,561
Creditors: amounts falling due after more than one year
(313,680)
(313,680)
Net assets/(liabilities)
5,604
(5,119)
Called up share capital
1
1
Profit and loss account
5,603
(5,120)
Shareholders' funds
5,604
(5,119)
For the year ending 31 March 2023 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 November 2023 and were signed on its behalf by
Gregory Mejias
Director
Company Registration No. 10092600
Stathis Property Limited
Notes to the Accounts
for the year ended 31 March 2023
Stathis Property Limited is a private company, limited by shares, registered in England and Wales, registration number 10092600. The registered office is Flat 2901, Vita Living North 7, Symphony Park, Manchester, Greater Manchester, M1 7GG, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
12,610
2,599
15,209
At 31 March 2023
12,610
2,599
15,209
Charge for the year
6,305
1,300
7,605
At 31 March 2023
6,305
1,300
7,605
At 31 March 2023
6,305
1,299
7,604
Fair value at 1 April 2022
410,000
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific assets. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
Stathis Property Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
36,142
41,736
Taxes and social security
569
-
Loans from directors
69,271
61,471
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
313,680
313,680
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).