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Registered number: 11465250
Staltosi Property Limited
Unaudited Financial Statements
For The Year Ended 30 July 2024
Diverso
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11465250
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 432,655 432,655
Tangible Assets 5 1,748,244 1,753,421
2,180,899 2,186,076
CURRENT ASSETS
Cash at bank and in hand 8,343 21,735
8,343 21,735
Creditors: Amounts Falling Due Within One Year 6 (114,035 ) (125,517 )
NET CURRENT ASSETS (LIABILITIES) (105,692 ) (103,782 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,075,207 2,082,294
Creditors: Amounts Falling Due After More Than One Year 7 (1,607,701 ) (1,607,701 )
NET ASSETS 467,506 474,593
CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 630,000 630,000
Profit and Loss Account (162,594 ) (155,507 )
SHAREHOLDERS' FUNDS 467,506 474,593
Page 1
Page 2
For the year ending 30 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Simon Lees
Director
13/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Staltosi Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11465250 . The registered office is 1 Pirelli Way, Eastleigh, SO50 5GE.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold NIL
Leasehold NIL
Motor Vehicles 10% Straight line
Fixtures & Fittings 20% Straight line
Computer Equipment 33% Straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
Page 3
Page 4
4. Intangible Assets
Intellectual Property
£
Cost
As at 31 July 2023 432,655
As at 30 July 2024 432,655
Net Book Value
As at 30 July 2024 432,655
As at 31 July 2023 432,655
5. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 31 July 2023 1,735,240 - 39,995 8,412 1,783,647
Additions - - 3,981 211 4,192
As at 30 July 2024 1,735,240 - 43,976 8,623 1,787,839
Depreciation
As at 31 July 2023 - - 23,260 6,966 30,226
Provided during the period - - 7,807 1,562 9,369
As at 30 July 2024 - - 31,067 8,528 39,595
Net Book Value
As at 30 July 2024 1,735,240 - 12,909 95 1,748,244
As at 31 July 2023 1,735,240 - 16,735 1,446 1,753,421
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 82
Directors' loan accounts 114,034 125,435
114,035 125,517
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 1,605,521 1,605,521
Other creditors (1) 2,180 2,180
1,607,701 1,607,701
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Revaluation Reserve
£
As at 31 July 2023 630,000
As at 30 July 2024 630,000
Page 5