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REGISTERED NUMBER: 06933414 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

STY328 LIMITED

STY328 LIMITED (REGISTERED NUMBER: 06933414)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STY328 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mr A C Stylianou ACA, FCCA





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





REGISTERED NUMBER: 06933414 (England and Wales)





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

STY328 LIMITED (REGISTERED NUMBER: 06933414)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 900,000 461,000

CURRENT ASSETS
Debtors 5 456,674 303,767
Cash in hand 10 10
456,684 303,777
CREDITORS
Amounts falling due within one year 6 391,302 264,768
NET CURRENT ASSETS 65,382 39,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

965,382

500,009

PROVISIONS FOR LIABILITIES 195,551 37,051
NET ASSETS 769,831 462,958

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Fair value reserve 8 438,452 157,952
Retained earnings 8 330,379 304,006
SHAREHOLDERS' FUNDS 769,831 462,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

STY328 LIMITED (REGISTERED NUMBER: 06933414)

BALANCE SHEET - continued
29 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 director and authorised for issue on 6 November 2024 and were signed by:





Mr A C Stylianou ACA, FCCA - Director


STY328 LIMITED (REGISTERED NUMBER: 06933414)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Sty328 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.

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 1 (2023 - NIL ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2023 461,000
Revaluations 439,000
At 29 February 2024 900,000
NET BOOK VALUE
At 29 February 2024 900,000
At 28 February 2023 461,000

STY328 LIMITED (REGISTERED NUMBER: 06933414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 29 February 2024 is represented by:

Other
investments
£   
Valuation in 2022 195,003
Valuation in 0 439,000
Cost 265,997
900,000

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

29.2.24 28.2.23
£    £   
Cost 265,997 265,997

Fixed Asset Investments were valued on an open market basis on 28 February 2023 by the director. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Amounts owed by group undertakings 456,674 303,767

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Related company 395,236 264,289
Related company (4,497 ) -
Directors' current accounts 563 479
391,302 264,768

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
200 A Ordinary shares £1 200 200
800 B ordinary shares £1 800 800
1,000 1,000

STY328 LIMITED (REGISTERED NUMBER: 06933414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


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

At 1 March 2023 304,006 157,952 461,958
Profit for the year 326,373 326,373
Dividends (300,000 ) (300,000 )
No description - 280,500 280,500
At 29 February 2024 330,379 438,452 768,831

9. ULTIMATE CONTROLLING PARTY

Sty Group Limited which owns 100% of the ordinary share capital.