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REGISTERED NUMBER: 09894657 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

STM Property Group Ltd

STM Property Group Ltd (Registered number: 09894657)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STM Property Group Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C Lynn
Mrs S Lynn





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 09894657 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

STM Property Group Ltd (Registered number: 09894657)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 988,409 888,485
Investment property 5 2,367,318 2,367,318
3,355,727 3,255,803

CURRENT ASSETS
Debtors 6 255,537 249,795
Cash at bank 225,266 290,810
480,803 540,605
CREDITORS
Amounts falling due within one year 7 232,512 20,151
NET CURRENT ASSETS 248,291 520,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,604,018

3,776,257

PROVISIONS FOR LIABILITIES 113,189 88,208
NET ASSETS 3,490,829 3,688,049

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 3,489,829 3,687,049
3,490,829 3,688,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

STM Property Group Ltd (Registered number: 09894657)

Balance Sheet - continued
31 March 2024


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 8 August 2024 and were signed on its behalf by:





C Lynn - Director


STM Property Group Ltd (Registered number: 09894657)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

STM Property Group Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

STM Property Group Ltd (Registered number: 09894657)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 1,000 887,485 888,485
Revaluations - 99,924 99,924
At 31 March 2024 1,000 987,409 988,409
NET BOOK VALUE
At 31 March 2024 1,000 987,409 988,409
At 31 March 2023 1,000 887,485 888,485

Cost or valuation at 31 March 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2020 1,000 500,000 501,000
Valuation in 2020 - (31,366 ) (31,366 )
Valuation in 2021 - 71,622 71,622
Valuation in 2022 - 17,547 17,547
Valuation in 2023 - 329,682 329,682
Valuation in 2024 - 99,924 99,924
1,000 987,409 988,409

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 2,367,318
NET BOOK VALUE
At 31 March 2024 2,367,318
At 31 March 2023 2,367,318

Included in cost or valuation of investment property is freehold land of £ 2,284,999 (2023 - £ 2,284,999 ) which is not depreciated.

STM Property Group Ltd (Registered number: 09894657)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. INVESTMENT PROPERTY - continued

Cost or valuation at 31 March 2024 is represented by:
£   
Valuation in 2021 2,313,812
Valuation in 2022 53,506
2,367,318

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other debtors 255,537 249,795

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors (1 ) -
Amounts owed to group undertakings 206,357 -
Taxation and social security 26,156 15,151
Other creditors - 5,000
232,512 20,151

8. RELATED PARTY DISCLOSURES

Included in Other Debtors there is an amount of £254,620 ( 2023: 249,627) owed by Lygean Properties Ltd, a company in which the directors are also shareholders.