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REGISTERED NUMBER: 03026889















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Stamos of Mayfair Limited

Stamos of Mayfair Limited (Registered number: 03026889)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stamos of Mayfair Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr Ioannis Sotirakos





REGISTERED OFFICE: 10A Aldermans Hill
Palmers Green
London
England
N13 4PJ





REGISTERED NUMBER: 03026889





ACCOUNTANTS: Chris Pantazis Ltd T/A CPS & Co
Chartered Accountants
10A Aldermans Hill
Palmers Green
London
N13 4PJ

Stamos of Mayfair Limited (Registered number: 03026889)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,423,134 4,130,996

CURRENT ASSETS
Debtors 5 177,820 1,149
Cash at bank 697,673 827,592
875,493 828,741
CREDITORS
Amounts falling due within one year 6 309,021 370,073
NET CURRENT ASSETS 566,472 458,668
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,989,606

4,589,664

CREDITORS
Amounts falling due after more than one year 7 1,916,272 1,897,299
NET ASSETS 1,073,334 2,692,365

CAPITAL AND RESERVES
Called up share capital 9 20,000 20,000
Revaluation reserve 10 - 1,700,000
Retained earnings 10 1,053,334 972,365
SHAREHOLDERS' FUNDS 1,073,334 2,692,365

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.

Stamos of Mayfair Limited (Registered number: 03026889)

Balance Sheet - continued
31 December 2023


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 5 October 2024 and were signed by:





Mr Ioannis Sotirakos - Director


Stamos of Mayfair Limited (Registered number: 03026889)

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

1. STATUTORY INFORMATION

Stamos of Mayfair Limited is a private company, limited by shares , registered in Not specified/Other. 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 Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Stamos of Mayfair Limited (Registered number: 03026889)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2023 4,099,548 57,595 211,251 55,950 4,424,344
Revaluations (1,700,000 ) - - - (1,700,000 )
At 31 December 2023 2,399,548 57,595 211,251 55,950 2,724,344
DEPRECIATION
At 1 January 2023 - 55,926 188,111 49,311 293,348
Charge for year - 417 5,785 1,660 7,862
At 31 December 2023 - 56,343 193,896 50,971 301,210
NET BOOK VALUE
At 31 December 2023 2,399,548 1,252 17,355 4,979 2,423,134
At 31 December 2022 4,099,548 1,669 23,140 6,639 4,130,996

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2023 (1,700,000 ) - - - (1,700,000 )
Cost 4,099,548 57,595 211,251 55,950 4,424,344
2,399,548 57,595 211,251 55,950 2,724,344

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 156,899 -
Other debtors - 11
Tax 19,213 -
VAT 1,708 1,138
177,820 1,149

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax - 27,761
Social security and other taxes 280 30
Other creditors 304,729 336,282
Braclaycard 12 -
Accrued expenses 4,000 6,000
309,021 370,073

Stamos of Mayfair Limited (Registered number: 03026889)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other loans (see note 8) 1,916,272 1,897,299

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 1,916,272 1,897,299

8. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Other loans more 5yrs instal 1,916,272 1,897,299

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
20,000 Ordinary £1.00 20,000 20,000

10. RESERVES
Retained
earnings
£   

At 1 January 2023 972,365
Profit for the year 80,969
At 31 December 2023 1,053,334