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REGISTERED NUMBER: 07620001 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Step Ta Limited

Step Ta Limited (Registered number: 07620001)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Step Ta Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A Stylianou





SECRETARY: Ms M Papadopoulos





REGISTERED OFFICE: 67 Westow Street
London
SE19 3RW





REGISTERED NUMBER: 07620001 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Step Ta Limited (Registered number: 07620001)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes $    $    $    $   
FIXED ASSETS
Investments 5 - 258,977

CURRENT ASSETS
Debtors 6 1,505,401 1,519,957
Investments 7 2,592,546 2,037,003
Cash at bank 201,931 2,783,777
4,299,878 6,340,737
CREDITORS
Amounts falling due within one year 8 319,395 22,975
NET CURRENT ASSETS 3,980,483 6,317,762
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,980,483

6,576,739

CAPITAL AND RESERVES
Called up share capital 3,564,417 3,564,417
Retained earnings 416,066 3,012,322
SHAREHOLDERS' FUNDS 3,980,483 6,576,739

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





A Stylianou - Director


Step Ta Limited (Registered number: 07620001)

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

1. STATUTORY INFORMATION

Step Ta 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.

The presentation currency of the financial statements is the US Dollar ($).


The company maintains a place of business in Cyprus at Renatou Kartesiou,17 Agios Athanasios,4105, Limassol, Cyprus.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
$   
COST
At 1 January 2023 258,977
Disposals (25,898 )
Reclassification/transfer (233,079 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 258,977

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
$    $   
Amounts owed by group undertakings 1,505,401 1,519,957

7. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
$    $   
Listed investments 2,592,546 2,037,003

Step Ta Limited (Registered number: 07620001)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
$    $   
Bank loans and overdrafts - 1,155
Trade creditors 329 5,952
Amounts owed to group undertakings 299,998 -
Other creditors 19,068 15,868
319,395 22,975

9. TAXATION

The company has received clearance from HMRC that the company will be treated as a non-resident in the United Kingdom for the purposes of its Corporation Tax liabilities and as such no Corporation Tax is due in the United Kingdom.

The company is registered with the Cyprus tax authorities with the Cyprus Tax Identification Code (TIC) 12902618Q is treated as a resident of Cyprus and its worldwide income is liable to Income Tax in accordance with the Income Tax Law of the Republic of Cyprus.