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REGISTERED NUMBER: 10977399 (England and Wales)














Unaudited Financial Statements

for the Year Ended 28 February 2023

for

STATISMA GROUP HOLDINGS LIMITED

STATISMA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10977399)

Contents of the Financial Statements
for the year ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STATISMA GROUP HOLDINGS LIMITED

Company Information
for the year ended 28 February 2023







Directors: Mr P J Wand
Mr T Sillence





Secretary: Mr P J Wand





Registered office: Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE





Registered number: 10977399 (England and Wales)





Accountants: Haines Watts South East LLP
Chartered Accountants
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

STATISMA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10977399)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Investments 4 200 200

Current assets
Debtors 5 1,052 1,052
Cash in hand 100 100
1,152 1,152
Creditors
Amounts falling due within one year 6 2,638 1,261
Net current liabilities (1,486 ) (109 )
Total assets less current liabilities (1,286 ) 91

Capital and reserves
Called up share capital 7 100 100
Retained earnings (1,386 ) (9 )
Shareholders' funds (1,286 ) 91

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 19 November 2023 and were signed on its behalf by:





Mr P J Wand - Director


STATISMA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10977399)

Notes to the Financial Statements
for the year ended 28 February 2023


1. Statutory information

Statisma Group Holdings 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 Statisma Group Holdings 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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There were no estimates or judgements required to be made in the preparation of these accounts.

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

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Going concern
The financial statements have been prepared on the going concern basis. The director has reviewed the company's cashflows over the next twelve months from the date of signing the financial statements and considers that, based on the support that is likely to be available, the company will be able to meet its debts as and when they fall due.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

STATISMA GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 10977399)

Notes to the Financial Statements - continued
for the year ended 28 February 2023


4. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 March 2022
and 28 February 2023 200
Net book value
At 28 February 2023 200
At 28 February 2022 200

The fixed asset investments are in respect of the acquisition of shares on incorporation of the following subsidiary companies on 22nd September 2017:-

Statisma News & Data Limited Shareholding 100%
Statisma Telecom Limited Shareholding 100%

Both companies are registered in the United Kingdom.

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 1,052 1,052

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Other creditors 2,638 1,261

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares 1 100 100

8. Capital & reserves of subsidiary companies

The aggregate amount of capital and reserves and the profit/(loss) for the period to 28th February 2023 were as follows:-


Capital &
Reserves

Loss in Year

Statisma News & Data Limited £95,186 £56,362
Statisma Telecom Limited £1,953 £8,892