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REGISTERED NUMBER: 10618869 (England and Wales)







Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Sten Property Group Limited

Sten Property Group Limited (Registered number: 10618869)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Sten Property Group Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: E G Stenner





REGISTERED OFFICE: Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST





REGISTERED NUMBER: 10618869 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Sten Property Group Limited (Registered number: 10618869)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,483,534 1,475,384
1,483,534 1,475,384

CURRENT ASSETS
Debtors 6 778 -
Cash at bank 4,794 54,057
5,572 54,057
CREDITORS
Amounts falling due within one year 7 193,400 411,153
NET CURRENT LIABILITIES (187,828 ) (357,096 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,295,706

1,118,288

CREDITORS
Amounts falling due after more than one
year

8

1,305,279

1,118,153
NET (LIABILITIES)/ASSETS (9,573 ) 135

Sten Property Group Limited (Registered number: 10618869)

Statement of Financial Position - continued
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (9,673 ) 35
(9,573 ) 135

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.

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 12 November 2024 and were signed by:





E G Stenner - Director


Sten Property Group Limited (Registered number: 10618869)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Sten Property 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.

The financial statements have been prepared on a going concern basis. The directors have confirmed their continued support and consider the company retains sufficient working capital to continue trading for the foreseeable future.

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

Investment property
Investment properties are recorded at valuation. No depreciation is provided on freehold properties as such assets are not held for consumption, but as investments, and the properties are well maintained and externally valued on a regular open market basis.

Any surplus or deficit arising on revaluing investment properties is recognised in the fair value reserve. Disposals are recognised on completion. Profits and losses arising are recognised through the profit and loss account; the profit on disposal is determined as the difference between the sales proceeds and the carrying amount of the asset at the commencement of the accounting period plus additions in the period.

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 statement of financial position date.


Sten Property Group Limited (Registered number: 10618869)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023
and 29 February 2024 786
DEPRECIATION
At 1 March 2023
and 29 February 2024 786
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

Sten Property Group Limited (Registered number: 10618869)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 1,475,384
Additions 8,150
At 29 February 2024 1,483,534
NET BOOK VALUE
At 29 February 2024 1,483,534
At 28 February 2023 1,475,384

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 778 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 1,996 5,347
Other creditors 191,404 405,806
193,400 411,153

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Other creditors 1,305,279 1,118,153

Sten Property Group Limited (Registered number: 10618869)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
29.2.24 28.2.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Molo Tech Mortgage 329,634 -
Landbay Mortgage 231,750 -
Paragon Mortgage 473,879 -
Precise Mortgage 270,016 -
1,305,279 -

Repayable by instalments
Westone mortgage - 284,200
Paragon Bank Mortgage - 411,939
Precise Mortgage - 270,015
Kensington Mortgage - 151,999
- 1,118,153

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company entered into the following transactions with
the directors:

20242023

Management fees receivable2,1602,160

Capital introduced/(withdrawn)(216,734)59,356

At the period end date the amount due to the director was £188,207 (2023 - £404,941)

10. ULTIMATE CONTROLLING PARTY

The controlling party is E G Stenner.