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COMPANY REGISTRATION NUMBER: 09422785
Stellco Lenborough Park Limited
Filleted Unaudited Financial Statements
31 December 2023
Stellco Lenborough Park Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Creditors: amounts falling due within one year
4
1,232,975
1,237,975
------------
------------
Net current liabilities
1,232,975
1,237,975
------------
------------
Total assets less current liabilities
( 1,232,975)
( 1,237,975)
Creditors: amounts falling due after more than one year
5
72,922
65,977
------------
------------
Net liabilities
( 1,305,897)
( 1,303,952)
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 1,305,997)
( 1,304,052)
------------
------------
Shareholders deficit
( 1,305,897)
( 1,303,952)
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 26 September 2024 , and are signed on behalf of the board by:
Mr A Baccarella
Director
Company registration number: 09422785
Stellco Lenborough Park Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 40 Kimbolton Road, Bedford, MK40 2NR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
1,232,975
1,237,975
------------
------------
5. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
72,922
65,977
--------
--------
6. Related party transactions
Stellco Developments Limited Executive Pension Scheme, a pension scheme where Mr Baccarella is a trustee and future beneficiary, has made loans the company in previous years. No Interest has been charged on these loans during the year and the balance owing to the Pension Scheme as at 31 December 2023 was £1,231,475 (2022 £1,231,475). This balance is included within other creditors in note 4. During the current year, the company repaid the loan of £5,000 by Brunswick Place (Biggleswade) Limited, a company where Mr Baccarella is sole director and majority shareholder. At 31 December 2022, the balance owing to Brunswick Place (Biggleswade) Limited was £5,000. No interest has been charged on this loan. This balance is included within other creditors in note 4.