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REGISTERED NUMBER: 06300942















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

STRATUS (UK) LIMITED

STRATUS (UK) LIMITED (REGISTERED NUMBER: 06300942)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STRATUS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: D B Roberts





REGISTERED OFFICE: 3 Norton Close
Hove
East Sussex
BN3 3AP





REGISTERED NUMBER: 06300942





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

STRATUS (UK) LIMITED (REGISTERED NUMBER: 06300942)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 3,002 6,916
Investments 4 13,907,212 12,888,072
13,910,214 12,894,988

CURRENT ASSETS
Debtors 5 4,552,681 357,237
Cash at bank 226,315 3,822,741
4,778,996 4,179,978
CREDITORS
Amounts falling due within one year 6 17,068,764 15,882,398
NET CURRENT LIABILITIES (12,289,768 ) (11,702,420 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,620,446

1,192,568

PROVISIONS FOR LIABILITIES 750 1,729
NET ASSETS 1,619,696 1,190,839

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 1,619,690 1,190,833
SHAREHOLDERS' FUNDS 1,619,696 1,190,839

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 February 2024 and were signed by:





D B Roberts - Director


STRATUS (UK) LIMITED (REGISTERED NUMBER: 06300942)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Investment property
Investment Properties are stated at their market value at the balance sheet date. No depreciation is provided for in respect of investment properties in accordance with FRS102a. Such properties are held for their investment potential and not for consumption in the business.

Turnover
Turnover represents the following types of income
- Rental income
- Income from the sale of properties

All income is recognised on a receivable basis.

2. EMPLOYEES AND DIRECTORS

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

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022
and 30 June 2023 10,604 1,891 9,186 21,681
DEPRECIATION
At 1 July 2022 7,412 1,891 5,462 14,765
Charge for year 1,564 - 2,350 3,914
At 30 June 2023 8,976 1,891 7,812 18,679
NET BOOK VALUE
At 30 June 2023 1,628 - 1,374 3,002
At 30 June 2022 3,192 - 3,724 6,916

STRATUS (UK) LIMITED (REGISTERED NUMBER: 06300942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2022 12,888,072
Additions 2,319,421
Disposals (1,300,281 )
At 30 June 2023 13,907,212
NET BOOK VALUE
At 30 June 2023 13,907,212
At 30 June 2022 12,888,072

The investment property has been valued in the balance sheet at its open market valuation of £13,907,212. This valuation has been made by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 3,542
Amounts owed by associates 4,143,699 343,699
Other debtors 404,120 4,120
Prepayments 4,862 5,876
4,552,681 357,237

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to associates - 15,575,891
Tax 111,873 64,338
Social security and other taxes - 89
Other creditors 20,000 17,000
Directors' loan accounts 16,881,882 176,029
Accruals and deferred income 51,594 45,913
Accrued expenses 3,415 3,138
17,068,764 15,882,398

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, D B Roberts increased his loan to the company. As at 30 June 2023, the company owed him £16,881,882 (2022: £176,029). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D B Roberts.

This was by virtue of his majority holding of the ordinary share capital.