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REGISTERED NUMBER: 03096747 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

STATIUS MANAGEMENT SERVICES LIMITED

STATIUS MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 03096747)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STATIUS MANAGEMENT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs N J Woods
M D Woods





REGISTERED OFFICE: Harlequin House
Bickley Crescent
Bickley
Kent
BR1 2DW





REGISTERED NUMBER: 03096747 (England and Wales)





ACCOUNTANTS: Synergee Limited
Pluto House
6 Vale Avenue
Tunbridge Wells
Kent
TN1 1DJ

STATIUS MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 03096747)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,623 7,873
Investments 5 9,722 9,592
15,345 17,465

CURRENT ASSETS
Debtors 6 160,517 112,072
Cash at bank and in hand 33,751 23,135
194,268 135,207
CREDITORS
Amounts falling due within one year 7 (136,641 ) (120,655 )
NET CURRENT ASSETS 57,627 14,552
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,972

32,017

CREDITORS
Amounts falling due after more than one
year

8

(18,195

)

(27,797

)
NET ASSETS 54,777 4,220

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 54,677 4,120
SHAREHOLDERS' FUNDS 54,777 4,220

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

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

STATIUS MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 03096747)

BALANCE SHEET - continued
31 DECEMBER 2023


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 by the Board of Directors and authorised for issue on 24 March 2024 and were signed on its behalf by:





M D Woods - Director


STATIUS MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 03096747)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Statius Management Services 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 as modified by the revaluation of certain assets.

Turnover
Turnover is recognised to the extent it is probable that economic benefit will flow to the company, and that it can be reliably measured. Turnover is measured at the fair value of consideration received or receivable, net of discounts, rebates, VAT and other sales taxes.

Turnover from the provision of services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when the following conditions are satisfied:
- the amount of turnover can be measured reliably;
- it is probable that consideration due will be received;
- the stage of completion of the contract at the reporting date can be measured reliably, and
- the costs incurred, or to be incurred, can be measured reliably.

Turnover for services provided but not billed at the reporting date is accrued and recognised within debtors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - Straight line over 3 years
Fixtures and fittings - Straight line over 3 years
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

STATIUS MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 03096747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 6,558 1,313 31,024 86,436 125,331
Additions - - - 1,277 1,277
At 31 December 2023 6,558 1,313 31,024 87,713 126,608
DEPRECIATION
At 1 January 2023 3,667 1,313 30,050 82,428 117,458
Charge for year 333 - 694 2,500 3,527
At 31 December 2023 4,000 1,313 30,744 84,928 120,985
NET BOOK VALUE
At 31 December 2023 2,558 - 280 2,785 5,623
At 31 December 2022 2,891 - 974 4,008 7,873

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 January 2023 9,592
Impairments 130
At 31 December 2023 9,722
NET BOOK VALUE
At 31 December 2023 9,722
At 31 December 2022 9,592

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 140,484 78,787
Directors' current accounts 20,033 33,285
160,517 112,072

STATIUS MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 03096747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 39,090 43,973
Trade creditors 13,083 20,049
Tax 29,538 2,893
Social security and other taxes 16,896 27,828
VAT 32,878 20,270
Other creditors 2,200 3,622
Accruals and deferred income 1,656 770
Accrued expenses 1,300 1,250
136,641 120,655

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 18,195 30,176
Trade creditors - (2,379 )
18,195 27,797

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 27,110 23,921
Bank loans 11,980 20,052
39,090 43,973

Amounts falling due between one and two years:
Bank loans 18,195 30,176

10. CALLED UP SHARE CAPITAL

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

11. RESERVES
Retained
earnings
£   

At 1 January 2023 4,120
Profit for the year 118,557
Dividends (68,000 )
At 31 December 2023 54,677

STATIUS MANAGEMENT SERVICES LIMITED (REGISTERED NUMBER: 03096747)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
M D Woods
Balance outstanding at start of year 33,285 29,616
Amounts advanced 26,700 67,713
Amounts repaid (39,952 ) (64,044 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,033 33,285

Amounts advanced to directors are unsecured and repayable on demand. Interest is charged at HMRC's official rate.