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Registered number: 12489515
Stellar Wines And Spirits Limited
Director's Report and
Unaudited Financial Statements
For The Year Ended 29 February 2024
Director's Report and Unaudited Financial Statements
Contents
Page
Company Information 1
Director's Report 2
Accountants' Report 3
Statement of Income and Retained Earnings 4
Balance Sheet 5—6
Notes to the Financial Statements 7—8
Page 1
Company Information
Director A F Phillips
Secretary Exceed Cosec Services Limited
Company Number 12489515
Registered Office Bank House
81 St Judes Road
Englefield Green
TW20 0DF
Accountants Exceed Accountants Limited
Bank House, 81 St Judes Road
Englefield Green
TW20 0DF
Page 1
Page 2
Director's Report
The director presents his report and the financial statements for the year ended 29 February 2024.
Principal Activity
The company's principal activity continues to be that of distribution of an investment company.
Directors
The director who held office during the year were as follows:
A F Phillips
Small Company Rules
This report has 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.
On behalf of the board
A F Phillips
Director
30/04/2024
Page 2
Page 3
Accountants' Report
In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.
This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.
You have acknowledged on the balance sheet as at year ended 29 February 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
30/04/2024
Exceed Accountants Limited
Bank House, 81 St Judes Road
Englefield Green
TW20 0DF
Page 3
Page 4
Statement of Income and Retained Earnings
2024 2023
Notes £ £
Administrative expenses (1,908 ) (1,441 )
OPERATING LOSS (1,908 ) (1,441 )
Interest payable and similar charges (3,600 ) (3,600 )
LOSS FOR THE FINANCIAL YEAR (5,508 ) (5,041 )
RETAINED EARNINGS
As at 1 March 2023 (10,568 ) (5,527 )
As at 29 February 2024 (16,076 ) (10,568 )
The notes on pages 7 to 8 form part of these financial statements.
Page 4
Page 5
Balance Sheet
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 105,784 105,784
105,784 105,784
CURRENT ASSETS
Cash at bank and in hand 9,121 10,789
9,121 10,789
Creditors: Amounts Falling Due Within One Year 5 (130,980 ) (127,140 )
NET CURRENT ASSETS (LIABILITIES) (121,859 ) (116,351 )
TOTAL ASSETS LESS CURRENT LIABILITIES (16,075 ) (10,567 )
NET LIABILITIES (16,075 ) (10,567 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account (16,076 ) (10,568 )
SHAREHOLDERS' FUNDS (16,075) (10,567)
Page 5
Page 6
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
A F Phillips
Director
30/04/2024
The notes on pages 7 to 8 form part of these financial statements.
Page 6
Page 7
Notes to the Financial Statements
1. General Information
Stellar Wines And Spirits Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12489515 . The registered office is Bank House, 81 St Judes Road, Englefield Green, TW20 0DF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.
2.3. Investments in subsidaries
Investments in subsidary undertakings are recognised at cost or revaluation.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investments
Unlisted
£
Cost
As at 1 March 2023 105,784
As at 29 February 2024 105,784
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 105,784
As at 1 March 2023 105,784
Cost or valuation at 29th February 2024 is represented by:
Shares in group undertaking
Cost: £105,784
Group company: Gravel Junction Wine & Spirits Pty Ltd
Registered in South Africa 100% owned 120 shares of R1 each
Page 7
Page 8
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 129,300 125,700
Accruals and deferred income 1,680 1,440
130,980 127,140
6. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1 each 1 1
7. Related Party Transactions
At the balance sheet date, included under creditors, is an amount due to Stellar Limited of £129,300 (2023: £125,700). This loan has interest charged at 3% p.a. and repayable on demand.
The controlling party is the company director by virtue of his shareholding.
8. Taxation
The company has carried forward losses of £16,076 (2023: £10,568) to use against future profits.
Page 8