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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
Page
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Stathis Property Limited Company Information for the year ended 31 March 2023
Director
Gregory Mejias
Company Number
10092600 (England and Wales)
Registered Office
Flat 2901, Vita Living North 7 Symphony Park Manchester Greater Manchester M1 7GG United Kingdom
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Stathis Property Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,604 
- 
Investment property
410,000 
410,000 
417,604 
410,000 
Current assets
Debtors
8,733 
825 
Cash at bank and in hand
1,071 
3,034 
9,804 
3,859 
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)
Capital and reserves
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
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Stathis Property Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
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.
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 
At 1 April 2022
- 
- 
- 
Additions
12,610 
2,599 
15,209 
At 31 March 2023
12,610 
2,599 
15,209 
Depreciation
Charge for the year
6,305 
1,300 
7,605 
At 31 March 2023
6,305 
1,300 
7,605 
Net book value
At 31 March 2023
6,305 
1,299 
7,604 
5
Investment property
2023 
£ 
Fair value at 1 April 2022
410,000 
At 31 March 2023
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.
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Stathis Property Limited Notes to the Accounts for the year ended 31 March 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,908 
- 
Other debtors
825 
825 
8,733 
825 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
36,142 
41,736 
Taxes and social security
569 
- 
Other creditors
824 
823 
Loans from directors
69,271 
61,471 
Accruals
1,318 
1,268 
108,124 
105,298 
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).
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