Stereg Property Limited 14655442 false 2023-02-10 2024-02-28 2024-02-28 The principal activity of the company is Rental Income Digita Accounts Production Advanced 6.30.9574.0 true true 14655442 2023-02-10 2024-02-28 14655442 2024-02-28 14655442 bus:OrdinaryShareClass1 2024-02-28 14655442 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-28 14655442 core:LandBuildings 2024-02-28 14655442 bus:SmallEntities 2023-02-10 2024-02-28 14655442 bus:AuditExemptWithAccountantsReport 2023-02-10 2024-02-28 14655442 bus:FilletedAccounts 2023-02-10 2024-02-28 14655442 bus:SmallCompaniesRegimeForAccounts 2023-02-10 2024-02-28 14655442 bus:RegisteredOffice 2023-02-10 2024-02-28 14655442 bus:Director1 2023-02-10 2024-02-28 14655442 bus:OrdinaryShareClass1 2023-02-10 2024-02-28 14655442 bus:PrivateLimitedCompanyLtd 2023-02-10 2024-02-28 14655442 core:LandBuildings 2023-02-10 2024-02-28 14655442 countries:England 2023-02-10 2024-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14655442

Stereg Property Limited

Unaudited Filleted Financial Statements

for the Period from 10 February 2023 to 28 February 2024

 

Stereg Property Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Stereg Property Limited

Company Information

Director

Mr Steven Reece

Registered office

Wayside Cottage
Woore Road
Buerton
Cheshire
CW3 0DA

Accountants

Scott Accounting Services Ltd
27 Woodruff Close
Packmoor
Stoke on Trent
Staffs
ST7 4UL

 

Stereg Property Limited

(Registration number: 14655442)
Balance Sheet as at 28 February 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

158,323

Current assets

 

Cash at bank and in hand

 

3,464

Creditors: Amounts falling due within one year

5

(159,644)

Net current liabilities

 

(156,180)

Net assets

 

2,143

Capital and reserves

 

Called up share capital

6

1

Retained earnings

2,142

Shareholders' funds

 

2,143

For the financial period ending 28 February 2024 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 accounts for the period in question in accordance with section 476; and

The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 October 2024
 

.........................................
Mr Steven Reece
Director

 

Stereg Property Limited

Notes to the Unaudited Financial Statements for the Period from 10 February 2023 to 28 February 2024

1

General information

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

The address of its registered office is:
Wayside Cottage
Woore Road
Buerton
Cheshire
CW3 0DA
England

These financial statements were authorised for issue by the director on 25 October 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

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

 

Stereg Property Limited

Notes to the Unaudited Financial Statements for the Period from 10 February 2023 to 28 February 2024

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:

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 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.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Stereg Property Limited

Notes to the Unaudited Financial Statements for the Period from 10 February 2023 to 28 February 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

Additions

158,323

158,323

At 28 February 2024

158,323

158,323

Depreciation

Carrying amount

At 28 February 2024

158,323

158,323

Included within the net book value of land and buildings above is £158,323 in respect of freehold land and buildings.
 

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

502

Accruals and deferred income

210

Other creditors

158,932

159,644

6

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

1

1