STAYLET LTD

Company Registration Number:
12428090 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

STAYLET LTD

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

STAYLET LTD

Balance sheet

As at 31 January 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 813,412 580,619
Total fixed assets: 813,412 580,619
Current assets
Debtors:   10,843 4,984
Cash at bank and in hand: 7,506 2,538
Total current assets: 18,349 7,522
Creditors: amounts falling due within one year:   (8,386) (589,788)
Net current assets (liabilities): 9,963 (582,266)
Total assets less current liabilities: 823,375 (1,647)
Creditors: amounts falling due after more than one year: 4 (836,590) (98,081)
Provision for liabilities:   (2,081)
Total net assets (liabilities): (13,215) (101,809)
Capital and reserves
Called up share capital: 12 12
Revaluation reserve:5204,2240
Profit and loss account: (217,451) (101,821)
Shareholders funds: (13,215) (101,809)

The notes form part of these financial statements

STAYLET LTD

Balance sheet statements

For the year ending 31 January 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 April 2024
and signed on behalf of the board by:

Name: Clare Payne
Status: Director

The notes form part of these financial statements

STAYLET LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

STAYLET LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

STAYLET LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible Assets

Total
Cost £
At 01 February 2022 583,248
Additions 47,202
Revaluations 204,224
At 31 January 2023 834,674
Depreciation
At 01 February 2022 2,629
Charge for year 18,633
At 31 January 2023 21,262
Net book value
At 31 January 2023 813,412
At 31 January 2022 580,619

STAYLET LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Creditors: amounts falling due after more than one year note

Creditors - amounts falling due after one year includes £67070 owed to the Director and £172984 owed to Colo Property Ltd, a related party company (whose sole Director and shareholder is the Director of Staylet Ltd).

STAYLET LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Revaluation reserve

2023
£
Balance at 01 February 2022 0
Surplus or deficit after revaluation 204,224
Balance at 31 January 2023 204,224

STAYLET LTD

Notes to the Financial Statements

for the Period Ended 31 January 2023

6. Related party transactions

Creditors amounts falling due after one year include amounts owed to the Director and the related party company, Colo Property Ltd. Interest is not charged on these amounts.