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REGISTERED NUMBER: 08986641 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Stenigot UK Limited

Stenigot UK Limited (Registered number: 08986641)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Stenigot UK Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Y B Jatania





REGISTERED OFFICE: C/O Telic Advisory Limited
5th Floor Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN





REGISTERED NUMBER: 08986641 (England and Wales)





ACCOUNTANTS: Telic Advisory Limited
Chartered Certified Accountants
5th Floor, Congress House
14 Lyon Road
Harrow
HA1 2EN

Stenigot UK Limited (Registered number: 08986641)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,974,782 9,974,782
Investments 5 - 427
9,974,782 9,975,209

CURRENT ASSETS
Debtors 680,446 495,710
Cash at bank 170,433 653,539
850,879 1,149,249
CREDITORS
Amounts falling due within one year 472,295 385,573
NET CURRENT ASSETS 378,584 763,676
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,353,366

10,738,885

CREDITORS
Amounts falling due after more than
one year

(8,469,597

)

(9,112,904

)

PROVISIONS FOR LIABILITIES (101,268 ) (95,340 )
NET ASSETS 1,782,501 1,530,641

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,782,500 1,530,640
SHAREHOLDERS' FUNDS 1,782,501 1,530,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Stenigot UK Limited (Registered number: 08986641)

Abridged Balance Sheet - continued
31 March 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 November 2023 and were signed by:





Y B Jatania - Director


Stenigot UK Limited (Registered number: 08986641)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Stenigot UK 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.

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

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 - 20% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

The Deferred Tax movement includes a reversal of an over provision in an earlier year.

Stenigot UK Limited (Registered number: 08986641)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 9,994,293
DEPRECIATION
At 1 April 2022
and 31 March 2023 19,511
NET BOOK VALUE
At 31 March 2023 9,974,782
At 31 March 2022 9,974,782

The director assesses the fair value of the properties at the end of each reporting period and has considered the investment properties value shown in the accounts as reasonable in relation to the present market conditions.

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2022 427
Disposals (427 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 427

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the end of 31 March 2023, there was an outstanding loan to the director totalling £151,718 (2022 - £996). This amount was repaid in full shortly after the year end.

Stenigot UK Limited (Registered number: 08986641)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. RELATED PARTY DISCLOSURES

Included in other debtors are the following loans to related parties: Jatania Investments Limited, an associate company, £64,684 (2022 - £64,684). Jatania Holdings Limited, an associate company, £324,480 (2022 - £344,480). Spectrum IV Limited, an associate company, £20,487 (2022 - (£34,143)).

Included in creditors falling due after more than one year are the following loans from related parties: Stenigot Investment Limited, the parent company, £2,486,314 (2022 - £3,086,314). NBJ Investments, an associate company, £1,349,950 (2022 - £1,349,950).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

At the end of 31 March 2023 included within creditors falling due after more than one year, there is a secured bank loan of £4,600,000 (2022 - £4,600,000) with an interest rate of 2.5% pa over SONIA.