Company registration number 02296405 (England and Wales)
STERLING CHASE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
STERLING CHASE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2
STERLING CHASE LIMITED
BALANCE SHEET
AS AT 31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,397,252
1,397,932
Current assets
Debtors
3
1,026
295
Cash at bank and in hand
63,909
37,722
64,935
38,017
Creditors: amounts falling due within one year
4
(495,135)
(483,688)
Net current liabilities
(430,200)
(445,671)
Total assets less current liabilities
967,052
952,261
Provisions for liabilities
(388)
(517)
Net assets
966,664
951,744
Capital and reserves
Called up share capital
5
2
2
Revaluation reserve
810,203
810,203
Profit and loss reserves
156,459
141,539
Total equity
966,664
951,744
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 30 October 2024 and are signed on its behalf by:
Mr A Clay-Johnson
Director
Company Registration No. 02296405
STERLING CHASE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024
31 May 2024
- 2 -
1
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
3
2
Tangible fixed assets
Land and buildings
Plant and machinery
Total
£
£
£
Cost
At 1 June 2023 and 31 May 2024
1,395,209
7,647
1,402,856
Depreciation and impairment
At 1 June 2023
4,924
4,924
Depreciation charged in the year
680
680
At 31 May 2024
5,604
5,604
Carrying amount
At 31 May 2024
1,395,209
2,043
1,397,252
At 31 May 2023
1,395,209
2,723
1,397,932
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
1,026
295
4
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
6,254
15,022
Other creditors
488,881
468,666
495,135
483,688
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2