THE STELLAR COLLECTIVE LIMITED

Company Registration Number:
11103163 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

THE STELLAR COLLECTIVE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

THE STELLAR COLLECTIVE LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,751 972
Investments: 4 50,000 0
Total fixed assets: 51,751 972
Current assets
Debtors:   9,500 9,569
Cash at bank and in hand: 27,670 89,096
Total current assets: 37,170 98,665
Creditors: amounts falling due within one year: 5 (57,505) (21,413)
Net current assets (liabilities): (20,335) 77,252
Total assets less current liabilities: 31,416 78,224
Creditors: amounts falling due after more than one year: 6 (15,829) (25,833)
Provision for liabilities: (327) (178)
Total net assets (liabilities): 15,260 52,213
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 15,160 52,113
Shareholders funds: 15,260 52,213

The notes form part of these financial statements

THE STELLAR COLLECTIVE LIMITED

Balance sheet statements

For the year ending 31 December 2023 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 24 September 2024
and signed on behalf of the board by:

Name: P Bayley
Status: Director

The notes form part of these financial statements

THE STELLAR COLLECTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

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

Turnover policy

Turnover represents the value of work performed (excluding VAT) during the period.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rate in order to write off each asset over its estimated useful life. Office Equipment - 25% reducing balance basis.

Other accounting policies

Investments: Listed investments are valued at market value at the Balance Sheet date, taken as the Aquis mid-market price at that date. Debtors and Creditors Receivable/Payable Within One Year: Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Taxation: Taxation represents the sum of tax currently payable and deferred tax. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Going Concern: At the Balance Sheet date, the Company's current liabilities exceeded its current assets. The Company has received assurances from the Directors that they will continue to provide financial support to the Company for 12 months from the date of signing these financial statements. On this basis, the Directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the Company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the Company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

THE STELLAR COLLECTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

THE STELLAR COLLECTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 2,716
Additions 1,364
At 31 December 2023 4,080
Depreciation
At 01 January 2023 1,744
Charge for year 585
At 31 December 2023 2,329
Net book value
At 31 December 2023 1,751
At 31 December 2022 972

THE STELLAR COLLECTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed investments

Listed Investment £ COST OR VALUATION Addition 50,000 Revaluation - At 31 December 2023 50,000

THE STELLAR COLLECTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

The Company has a Government Bounce Back Loan of £25,829 (2022 - £35,833) . Of this sum £10,000 (2022- £10,000) is repayable within one year.

THE STELLAR COLLECTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

The Company has a Government Bounce Back Loan of £25,829 (2022 - £35,833) . Of this sum £15,829 (2022- £25,833) is repayable after more than one year.

THE STELLAR COLLECTIVE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Post balance sheet events

Since the year end the value of the Company's listed investments in Essentially Group Plc has fallen from £50,000 to £8,000 , Based upon the current fall in value this will not affect the Company's ability to continue operations.