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REGISTERED NUMBER: 03427073 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

STATEBOND LIMITED

STATEBOND LIMITED (REGISTERED NUMBER: 03427073)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STATEBOND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr C Capsalis
Mrs G Capsalis



SECRETARY: Mr C Capsalis



REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ



REGISTERED NUMBER: 03427073 (England and Wales)



ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ



BANKERS: National Westminister Bank Plc
1 Crouch End Hill
London
N8 8EB

STATEBOND LIMITED (REGISTERED NUMBER: 03427073)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 71,600 77,177
71,600 77,177

CURRENT ASSETS
Debtors 6 24,032 38,838
Cash at bank and in hand 260,933 261,098
284,965 299,936
CREDITORS
Amounts falling due within one year 7 302,450 304,261
NET CURRENT LIABILITIES (17,485 ) (4,325 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,115

72,852

CREDITORS
Amounts falling due after more than one
year

8

29,625

34,125
NET ASSETS 24,490 38,727

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 24,390 38,627
SHAREHOLDERS' FUNDS 24,490 38,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

STATEBOND LIMITED (REGISTERED NUMBER: 03427073)

BALANCE SHEET - continued
30 NOVEMBER 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 20 August 2024 and were signed on its behalf by:





Mr C Capsalis - Director


STATEBOND LIMITED (REGISTERED NUMBER: 03427073)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Statebond 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.

Turnover
Turnover represents amounts derived from the provision of services to landlords and customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of VAT.

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 - 8% on reducing balance
Fixtures, fittings & equipment - 8% on reducing balance

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.

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 ) .

STATEBOND LIMITED (REGISTERED NUMBER: 03427073)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 90,000
AMORTISATION
At 1 December 2022
and 30 November 2023 90,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures,
to fittings Legal
property & equipment costs Totals
£    £    £    £   
COST
At 1 December 2022 38,823 126,367 2,021 167,211
Additions - 474 - 474
Reclassification/transfer 2,021 - (2,021 ) -
At 30 November 2023 40,844 126,841 - 167,685
DEPRECIATION
At 1 December 2022 - 90,034 - 90,034
Charge for year 3,106 2,945 - 6,051
At 30 November 2023 3,106 92,979 - 96,085
NET BOOK VALUE
At 30 November 2023 37,738 33,862 - 71,600
At 30 November 2022 38,823 36,333 2,021 77,177

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 7,096 7,339
Other debtors 13,781 29,000
Prepayments 3,155 2,499
24,032 38,838

STATEBOND LIMITED (REGISTERED NUMBER: 03427073)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 4,500 4,500
Trade creditors 20,026 19,985
Tax 25,776 27,791
Social security and other taxes 643 165
VAT 15,532 11,689
Client ledger balances 228,732 232,890
Amounts due to related parties 3,041 3,041
Accrued expenses 4,200 4,200
302,450 304,261

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 4,500 4,500
Bank loans - 2-5 years 13,500 13,500
Bank loans more 5 yr by instal 11,625 16,125
29,625 34,125

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,625 16,125

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

The company is under the control of the directors who together own 100% of the issued share capital.