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REGISTERED NUMBER: 08389169












STERLING PROPERTY CONSULTANTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






STERLING PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 08389169)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STERLING PROPERTY CONSULTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr A C Stylianou ACA, FCCA
Mr C A Joannou
Mr C Stylianou
Mr M Christodoulides MAAT, FCCA





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 08389169





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

STERLING PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 08389169)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 5 43,228 182,638
Cash at bank 350,182 317,551
393,410 500,189
CREDITORS
Amounts falling due within one year 6 53,192 49,706
NET CURRENT ASSETS 340,218 450,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

340,218

450,483

CREDITORS
Amounts falling due after more than one
year

7

327,412

309,628
NET ASSETS 12,806 140,855

CAPITAL AND RESERVES
Called up share capital 8 11,200 10,000
Retained earnings 1,606 130,855
SHAREHOLDERS' FUNDS 12,806 140,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 7 November 2024 and were signed on its behalf by:



Mr C A Joannou BSc,MSc,PhD,FCCA - Director


STERLING PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 08389169)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Sterling Property Consultants 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.

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.

Turnover
Turnover represents net invoiced sale of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% 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 NIL (2023 - 3 ).

STERLING PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 08389169)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 500
DEPRECIATION
At 1 April 2023
and 31 March 2024 500
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 20,993 13,681
Amounts owed by group undertakings 22,235 168,957
43,228 182,638

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 9,935 9,935
Trade creditors 216 75
Amounts owed to group undertakings 24,521 25,600
Tax 13,513 9,024
VAT 4,182 3,340
Directors' current accounts - 907
Accruals and deferred income 825 825
53,192 49,706

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 9,935 9,935
Bank loans - 2-5 years 989 11,710
Other creditors 316,488 287,983
327,412 309,628

STERLING PROPERTY CONSULTANTS LIMITED (REGISTERED NUMBER: 08389169)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
11,200 Ordinary shares £1 11,200 10,000

1,200 Ordinary shares shares of £1 were issued during the year for cash of £ 1,200 .

9. ULTIMATE CONTROLLING PARTY

Due to the share structure, there is no overall control by any one party.