Company registration number 11578668 (England and Wales)
STA INTERNATIONAL HOLDINGS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
STA INTERNATIONAL HOLDINGS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
STA INTERNATIONAL HOLDINGS LTD (REGISTERED NUMBER: 11578668)
BALANCE SHEET
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
971,722
971,722
Current assets
Debtors
5
472,337
189,188
Cash at bank and in hand
5,464
477,801
189,188
Creditors: amounts falling due within one year
6
(70,699)
(294,304)
Net current assets/(liabilities)
407,102
(105,116)
Total assets less current liabilities
1,378,824
866,606
Creditors: amounts falling due after more than one year
7
(19,630)
Net assets
1,378,824
846,976
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
1,378,724
846,876
Total equity
1,378,824
846,976
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
STA INTERNATIONAL HOLDINGS LTD (REGISTERED NUMBER: 11578668)
BALANCE SHEET (CONTINUED)
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 9 April 2024 and are signed on its behalf by:
M O Quinn
Director
STA INTERNATIONAL HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
- 3 -
1
Accounting policies
Company information
STA International Holdings Ltd is a private company limited by shares incorporated in England and Wales. The registered office is The Drying Loft, 25/26 Turkey Court, Turkey Mill Business Park, Ashford Road, Maidstone, Kent, United Kingdom, ME14 5PP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
1.2
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
5
5
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
971,722
971,722
STA INTERNATIONAL HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
- 4 -
4
Subsidiaries
Details of the company's subsidiaries at 30 June 2023 are as follows:
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
STA International Limited
The Drying Loft, 25/26 Turkey Court, Ashford Road, Maidstone, Kent, ME14 5PP
Ordinary shares
100.00
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
472,337
189,188
6
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
18,677
6,722
Other creditors
52,022
287,582
70,699
294,304
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
19,630
8
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and not fully paid
Ordinary of 1p each
7,766
7,766
78
78
Ordinary A of 1p each
2,233
2,233
22
22
9,999
9,999
100
100
9
Related party transactions
STA INTERNATIONAL HOLDINGS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2023
9
Related party transactions
(Continued)
- 5 -
The company has taken advantage of the exemption in paragraph 33.1A of FRS102 from the requirement to disclose transactions entered into between two or more members of a group provided that any subsidiary which is party to the transaction is wholly owned by such a member.