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REGISTERED NUMBER: 09864363 (England and Wales)















Unaudited Financial Statements

for the period

1 December 2021 to 29 November 2022

for

STRATIS HOMES LIMITED

STRATIS HOMES LIMITED (REGISTERED NUMBER: 09864363)

Contents of the Financial Statements
for the period 1 December 2021 to 29 November 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STRATIS HOMES LIMITED

Company Information
for the period 1 December 2021 to 29 November 2022







Directors: Mr M Stratis
Mrs N Stratis





Secretary: Mrs N Stratis





Registered office: 3rd Floor
Marlborough House
298 Regents Park Road
Finchley
London
N3 2SZ





Registered number: 09864363 (England and Wales)





Accountants: Haines Watts North London LLP
3rd Floor
Malborough House
298 Regents Park Road
Finchley
London
N3 2SZ

STRATIS HOMES LIMITED (REGISTERED NUMBER: 09864363)

Balance Sheet
29 November 2022

2022 2021
Notes £ £ £ £
Fixed assets
Tangible assets 4 4,400 69,748
Investment property 5 465,799 401,043
470,199 470,791

Current assets
Debtors 6 28,245 58,651
Cash at bank and in hand 2,093 3,902
30,338 62,553
Creditors
Amounts falling due within one year 7 146,182 175,366
Net current liabilities (115,844 ) (112,813 )
Total assets less current liabilities 354,355 357,978

Creditors
Amounts falling due after more than one year 8 (405,325 ) (404,408 )

Provisions for liabilities (1,100 ) (949 )
Net liabilities (52,070 ) (47,379 )

Capital and reserves
Called up share capital 10 100 100
Retained earnings (52,170 ) (47,479 )
Shareholders' funds (52,070 ) (47,379 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 November 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 November 2022 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.

STRATIS HOMES LIMITED (REGISTERED NUMBER: 09864363)

Balance Sheet - continued
29 November 2022


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:





Mr M Stratis - Director


STRATIS HOMES LIMITED (REGISTERED NUMBER: 09864363)

Notes to the Financial Statements
for the period 1 December 2021 to 29 November 2022


1. Statutory information

Stratis Homes 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.

The financial statements have been prepared on a going concern basis, the applicability of which is dependent upon the continued support of the company's creditors and financiers. In the opinion of the directors, the company has the support of its creditors and financiers for the foreseeable future and it is therefore appropriate to adopt the going concern policy.

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 is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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 - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

STRATIS HOMES LIMITED (REGISTERED NUMBER: 09864363)

Notes to the Financial Statements - continued
for the period 1 December 2021 to 29 November 2022


2. Accounting policies - continued

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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

3. Employees and directors

The average number of employees during the period was 2 (2021 - 2 ) .

STRATIS HOMES LIMITED (REGISTERED NUMBER: 09864363)

Notes to the Financial Statements - continued
for the period 1 December 2021 to 29 November 2022


4. Tangible fixed assets
Fixtures
Improvements and Computer
to property fittings equipment Totals
£ £ £ £
Cost
At 1 December 2021 64,756 14,372 1,999 81,127
Additions - 875 - 875
Reclassification/transfer (64,756 ) - - (64,756 )
At 29 November 2022 - 15,247 1,999 17,246
Depreciation
At 1 December 2021 - 10,223 1,156 11,379
Charge for period - 1,256 211 1,467
At 29 November 2022 - 11,479 1,367 12,846
Net book value
At 29 November 2022 - 3,768 632 4,400
At 30 November 2021 64,756 4,149 843 69,748

5. Investment property
Total
£
Fair value
At 1 December 2021 401,043
Reclassification/transfer 64,756
At 29 November 2022 465,799
Net book value
At 29 November 2022 465,799
At 30 November 2021 401,043

The investment property was valued on an open market basis on the 30 November 2022 by the directors.

6. Debtors: amounts falling due within one year
2022 2021
£ £
Other debtors 28,245 58,651

STRATIS HOMES LIMITED (REGISTERED NUMBER: 09864363)

Notes to the Financial Statements - continued
for the period 1 December 2021 to 29 November 2022


7. Creditors: amounts falling due within one year
2022 2021
£ £
Bank loans and overdrafts 27,249 29,746
Trade creditors 15 -
Other creditors 118,918 145,620
146,182 175,366

8. Creditors: amounts falling due after more than one year
2022 2021
£ £
Bank loans 405,325 404,408

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 334,250 333,333

9. Secured debts

The following secured debts are included within creditors:

2022 2021
£ £
Bank loans 432,574 434,154

Bank loans and overdrafts are secured by a fixed and floating charge over the undertaking and all property of the company.

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £ £
100 Ordinary £1 100 100