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REGISTERED NUMBER: 12516542 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Stream Innovation Limited

Stream Innovation Limited (Registered number: 12516542)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Stream Innovation Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Ms P Dimitrova
J Eriksson
C H Nordin





SECRETARY: Mwlaw Services Limited





REGISTERED OFFICE: Fifth Floor
5 New Street Square
London
EC4 3BF





REGISTERED NUMBER: 12516542 (England and Wales)





ACCOUNTANTS: Zenon Tax Limited
51 The Stream
Ditton
Aylesford
Kent
ME20 6AG

Stream Innovation Limited (Registered number: 12516542)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes €    €    €    €   
FIXED ASSETS
Tangible assets 4 486 1,041
Investments 5 - 57,285
486 58,326

CURRENT ASSETS
Debtors 6 1,078,148 826,629
Cash at bank 31,364 32,962
1,109,512 859,591
CREDITORS
Amounts falling due within one year 7 1,302,337 892,787
NET CURRENT LIABILITIES (192,825 ) (33,196 )
TOTAL ASSETS LESS CURRENT LIABILITIES (192,339 ) 25,130

PROVISIONS FOR LIABILITIES 92 198
NET (LIABILITIES)/ASSETS (192,431 ) 24,932

CAPITAL AND RESERVES
Called up share capital 8 425 425
Retained earnings (192,856 ) 24,507
SHAREHOLDERS' FUNDS (192,431 ) 24,932

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

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

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 Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





J Eriksson - Director


Stream Innovation Limited (Registered number: 12516542)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Stream Innovation 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.

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 company is supported by its directors and shareholders for day to day working capital requirements and on this basis the directors consider it appropriate to continue to prepare the financial statements on a going concern basis. The financial statements do not include adjustments, if any, which may arise if this support were to be discontinued.

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.
Plant and machinery etc - 50% on cost

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Stream Innovation Limited (Registered number: 12516542)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
€   
COST
At 1 September 2022
and 31 August 2023 1,666
DEPRECIATION
At 1 September 2022 625
Charge for year 555
At 31 August 2023 1,180
NET BOOK VALUE
At 31 August 2023 486
At 31 August 2022 1,041

5. FIXED ASSET INVESTMENTS

31.8.23 31.8.22
€    €   
Participating interests - 203,534
Loans to undertakings in which the company has a
participating interest

-

(146,249

)
- 57,285

Additional information is as follows:
Interest
in
associate
€   
COST
At 1 September 2022 203,534
Disposals (203,534 )
At 31 August 2023 -
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 203,534
Loans to
associates
€   
At 1 September 2022 (146,249 )
Other movement 146,249
At 31 August 2023 -

Stream Innovation Limited (Registered number: 12516542)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
€    €   
Trade debtors 503,910 525,789
Other debtors 574,238 300,840
1,078,148 826,629

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
€    €   
Trade creditors 104,133 95,516
Taxation and social security 7,315 10,886
Other creditors 1,190,889 786,385
1,302,337 892,787

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: €    €   
38,000 Ordinary 0.01 425 425

The shares described above were issued as Ordinary £0.01 shares. The amounts shown are the carrying value in in euros.

9. ULTIMATE CONTROLLING PARTY

The controlling party is J Eriksson.

The ultimate controlling party is J Eriksson.