IRIS Accounts Production v24.3.0.553 10145468 Board of Directors 1.3.23 28.2.24 28.2.24 false true false false true false A Ordinary shares 1.00000 B Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh101454682023-02-28101454682024-02-28101454682023-03-012024-02-28101454682022-02-28101454682022-03-012023-02-28101454682023-02-2810145468ns15:EnglandWales2023-03-012024-02-2810145468ns14:PoundSterling2023-03-012024-02-2810145468ns10:Director12023-03-012024-02-2810145468ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2810145468ns10:SmallEntities2023-03-012024-02-2810145468ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2810145468ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2810145468ns10:FullAccounts2023-03-012024-02-2810145468ns10:OrdinaryShareClass12023-03-012024-02-2810145468ns10:OrdinaryShareClass22023-03-012024-02-2810145468ns10:Director22023-03-012024-02-2810145468ns10:Director32023-03-012024-02-2810145468ns10:CompanySecretary12023-03-012024-02-2810145468ns10:RegisteredOffice2023-03-012024-02-2810145468ns5:CurrentFinancialInstruments2024-02-2810145468ns5:CurrentFinancialInstruments2023-02-2810145468ns5:Non-currentFinancialInstruments2024-02-2810145468ns5:Non-currentFinancialInstruments2023-02-2810145468ns5:ShareCapital2024-02-2810145468ns5:ShareCapital2023-02-2810145468ns5:FurtherSpecificReserve3ComponentTotalEquity2024-02-2810145468ns5:FurtherSpecificReserve3ComponentTotalEquity2023-02-2810145468ns5:RetainedEarningsAccumulatedLosses2024-02-2810145468ns5:RetainedEarningsAccumulatedLosses2023-02-2810145468ns5:CostValuation2023-02-2810145468ns5:AdditionsToInvestments2024-02-2810145468ns5:CostValuation2024-02-2810145468ns10:OrdinaryShareClass12024-02-2810145468ns10:OrdinaryShareClass22024-02-2810145468ns5:RetainedEarningsAccumulatedLosses2023-02-2810145468ns5:FurtherSpecificReserve3ComponentTotalEquity2023-02-2810145468ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-28
REGISTERED NUMBER: 10145468 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2024

FOR

STY GROUP LIMITED

STY GROUP LIMITED (REGISTERED NUMBER: 10145468)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STY GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2024







DIRECTORS: Mrs K Loizou, FCCA
Mr C Stylianou
Mr A C Stylianou ACA, FCCA





SECRETARY:





REGISTERED OFFICE: 10 Grange Park Avenue
Winchmore Hill
London
N21 2LJ





REGISTERED NUMBER: 10145468 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

STY GROUP LIMITED (REGISTERED NUMBER: 10145468)

BALANCE SHEET
28 FEBRUARY 2024

28.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,026,000 2,062,250

CURRENT ASSETS
Debtors 5 1,309,808 977,566
Cash at bank 3,361 3,361
1,313,169 980,927
CREDITORS
Amounts falling due within one year 6 58,102 36,102
NET CURRENT ASSETS 1,255,067 944,825
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,281,067

3,007,075

CREDITORS
Amounts falling due after more than one
year

7

-

(23,325

)

PROVISIONS FOR LIABILITIES (576,590 ) (335,652 )
NET ASSETS 3,704,477 2,648,098

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Fair value reserve 9 2,412,560 1,689,748
Retained earnings 9 1,290,917 957,350
SHAREHOLDERS' FUNDS 3,704,477 2,648,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

STY GROUP LIMITED (REGISTERED NUMBER: 10145468)

BALANCE SHEET - continued
28 FEBRUARY 2024


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 Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by:





Mr A C Stylianou ACA, FCCA - Director


STY GROUP LIMITED (REGISTERED NUMBER: 10145468)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024


1. STATUTORY INFORMATION

Sty Group 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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 3 (2023 - 3 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 March 2023 2,062,250
Additions 963,750
At 28 February 2024 3,026,000
NET BOOK VALUE
At 28 February 2024 3,026,000
At 28 February 2023 2,062,250

STY GROUP LIMITED (REGISTERED NUMBER: 10145468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024


4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 28 February 2024 is represented by:

Shares in
group
undertakings
£   
Valuation in 2017 2,205,650
Valuation in 2018 300,345
Valuation in 2019 (156,933 )
Valuation in 2021 (140,524 )
Valuation in 2022 (183,138 )
Valuation in 2024 963,750
Cost 36,850
3,026,000

If the unlisted investments had not been revalued they would have been included at the following historical cost:

28.2.24 28.2.23
£    £   
Cost 36,850 36,850

The unlisted investments were valued on an open market basis on 28 February 2024 by the directors. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Amounts owed by group undertakings 1,309,808 977,566

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.24 28.2.23
£    £   
Shareholders loans 13,703 9,309
Directors' current accounts 44,399 26,793
58,102 36,102

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.24 28.2.23
£    £   
Other creditors - 23,325

STY GROUP LIMITED (REGISTERED NUMBER: 10145468)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.24 28.2.23
value: £    £   
200 A Ordinary shares £1 200 200
800 B Ordinary shares £1 800 800
1,000 1,000

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 March 2023 957,350 1,689,748 2,647,098
Profit for the year 350,222 350,222
Dividends (16,655 ) (16,655 )
Revaluation in year - 722,812 722,812
At 28 February 2024 1,290,917 2,412,560 3,703,477