STRAITS MANAGEMENT (UK) LIMITED

Company Registration Number:
05121373 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

STRAITS MANAGEMENT (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

STRAITS MANAGEMENT (UK) LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 53,891 64,493
Tangible assets: 4 24,785 27,393
Total fixed assets: 78,676 91,886
Current assets
Debtors:   20,244 16,958
Cash at bank and in hand: 240,465 327,303
Total current assets: 260,709 344,261
Creditors: amounts falling due within one year:   (137,243) (210,083)
Net current assets (liabilities): 123,466 134,178
Total assets less current liabilities: 202,142 226,064
Creditors: amounts falling due after more than one year:   (128,797) (128,797)
Total net assets (liabilities): 73,345 97,267
Capital and reserves
Called up share capital: 600 600
Profit and loss account: 72,745 96,667
Shareholders funds: 73,345 97,267

The notes form part of these financial statements

STRAITS MANAGEMENT (UK) LIMITED

Balance sheet statements

For the year ending 31 May 2024 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 20 August 2024
and signed on behalf of the board by:

Name: H Jaafar
Status: Director

The notes form part of these financial statements

STRAITS MANAGEMENT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

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

STRAITS MANAGEMENT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 25 36

STRAITS MANAGEMENT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Intangible Assets

Total
Cost £
At 01 June 2023 212,050
At 31 May 2024 212,050
Amortisation
At 01 June 2023 147,557
Charge for year 10,602
At 31 May 2024 158,159
Net book value
At 31 May 2024 53,891
At 31 May 2023 64,493

STRAITS MANAGEMENT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible Assets

Total
Cost £
At 01 June 2023 181,254
Additions 3,590
At 31 May 2024 184,844
Depreciation
At 01 June 2023 153,861
Charge for year 6,198
At 31 May 2024 160,059
Net book value
At 31 May 2024 24,785
At 31 May 2023 27,393