Stamp Serviced Accommodation Ltd 13778595 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is is that of a serviced accommodation lettings agency. Digita Accounts Production Advanced 6.30.9574.0 true true 13778595 2023-01-01 2023-12-31 13778595 2023-12-31 13778595 core:CurrentFinancialInstruments 2023-12-31 13778595 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 13778595 core:FurnitureFittingsToolsEquipment 2023-12-31 13778595 core:OtherPropertyPlantEquipment 2023-12-31 13778595 bus:SmallEntities 2023-01-01 2023-12-31 13778595 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13778595 bus:FilletedAccounts 2023-01-01 2023-12-31 13778595 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13778595 bus:RegisteredOffice 2023-01-01 2023-12-31 13778595 bus:Director1 2023-01-01 2023-12-31 13778595 bus:Director2 2023-01-01 2023-12-31 13778595 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13778595 core:FurnitureFittings 2023-01-01 2023-12-31 13778595 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 13778595 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 13778595 core:PlantMachinery 2023-01-01 2023-12-31 13778595 countries:England 2023-01-01 2023-12-31 13778595 2022-12-31 13778595 core:FurnitureFittingsToolsEquipment 2022-12-31 13778595 core:OtherPropertyPlantEquipment 2022-12-31 13778595 2021-12-02 2022-12-31 13778595 2022-12-31 13778595 core:CurrentFinancialInstruments 2022-12-31 13778595 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 13778595 core:FurnitureFittingsToolsEquipment 2022-12-31 13778595 core:OtherPropertyPlantEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 13778595

Stamp Serviced Accommodation Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Stamp Serviced Accommodation Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Stamp Serviced Accommodation Ltd

Company Information

Directors

Mrs S Tottoh

Miss A McRae

Registered office

7 Trent Street
Lytham
Lancashire
FY8 5DE

Accountants

Giles Hewitt & Co Ltd
Chartered Certified Accountant
257 Clifton Dr South
St Annes on Sea
Lytham St Annes
Lancashire
FY8 1HW

 

Stamp Serviced Accommodation Ltd

(Registration number: 13778595)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,841

2,848

Current assets

 

Debtors

5

11,072

46

Cash at bank and in hand

 

60,571

48,145

 

71,643

48,191

Creditors: Amounts falling due within one year

6

(40,609)

(44,209)

Net current assets

 

31,034

3,982

Total assets less current liabilities

 

32,875

6,830

Provisions for liabilities

(350)

(541)

Net assets

 

32,525

6,289

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

32,425

6,189

Shareholders' funds

 

32,525

6,289

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 September 2024 and signed on its behalf by:
 

.........................................
Mrs S Tottoh
Director

 

Stamp Serviced Accommodation Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
7 Trent Street
Lytham
Lancashire
FY8 5DE

These financial statements were authorised for issue by the Board on 12 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

The company acts as agent in letting serviced accommodation to guests on behalf of property owners.

Commission and service income is recognised in keeping with the period guests have stayed in properties.

The company assists property owners in furnishing and generally setting up properties ready for lettting as serviced accommodation. Such income is recognised on a contractual basis according to the stage of completion of the budget spend.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Stamp Serviced Accommodation Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Website development costs

over 3 years on cost

Furniture fittings and equqipment

at 25% on net book value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Stamp Serviced Accommodation Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Stamp Serviced Accommodation Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2023

-

4,272

4,272

Additions

521

-

521

At 31 December 2023

521

4,272

4,793

Depreciation

At 1 January 2023

-

1,424

1,424

Charge for the year

104

1,424

1,528

At 31 December 2023

104

2,848

2,952

Carrying amount

At 31 December 2023

417

1,424

1,841

At 31 December 2022

-

2,848

2,848

5

Debtors

Current

2023
£

2022
£

Trade debtors

11,072

-

Prepayments

-

46

 

11,072

46

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

9,059

7,085

Trade creditors

 

12,375

25,074

Taxation and social security

 

16,315

1,610

Accruals and deferred income

 

2,860

1,440

Other creditors

 

-

9,000

 

40,609

44,209

 

Stamp Serviced Accommodation Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Loans and borrowings

Current loans and borrowings

2023
£

2022
£

Directors' loan accounts

9,059

7,085

9

Related party transactions

 

Stamp Serviced Accommodation Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

33,000

10,000