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REGISTERED NUMBER: 11862234 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

STYLE 121 INVESTMENTS LTD

STYLE 121 INVESTMENTS LTD (REGISTERED NUMBER: 11862234)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STYLE 121 INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: H C Ghumra





REGISTERED OFFICE: 11 Sunnyhill House
3 - 7 Sunnyhill Road
London
SW16 2UG





REGISTERED NUMBER: 11862234 (England and Wales)





ACCOUNTANTS: Cargani Accountants
11 Sunnyhill House
3 - 7 Sunnyhill Road
London
SW16 2UG

STYLE 121 INVESTMENTS LTD (REGISTERED NUMBER: 11862234)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 1,533,900 1,762,498

CURRENT ASSETS
Cash at bank 100,687 45,803

CREDITORS
Amounts falling due within one year 5 (29,076 ) (35,947 )
NET CURRENT ASSETS 71,611 9,856
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,605,511

1,772,354

CREDITORS
Amounts falling due after more than one year 6 (593,629 ) (725,855 )

PROVISIONS FOR LIABILITIES (4,200 ) (17,100 )
NET ASSETS 1,007,682 1,029,399

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 895,363 895,363
Fair value reserve 16,800 (72,900 )
Retained earnings 95,319 206,736
1,007,682 1,029,399

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

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

STYLE 121 INVESTMENTS LTD (REGISTERED NUMBER: 11862234)

BALANCE SHEET - continued
31ST MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th November 2024 and were signed by:





H C Ghumra - Director


STYLE 121 INVESTMENTS LTD (REGISTERED NUMBER: 11862234)

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

1. STATUTORY INFORMATION

Style 121 Investments Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 2 (2023 - 2 ) .

STYLE 121 INVESTMENTS LTD (REGISTERED NUMBER: 11862234)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 1,762,498
Disposals (172,498 )
Revaluations (56,100 )
At 31st March 2024 1,533,900
NET BOOK VALUE
At 31st March 2024 1,533,900
At 31st March 2023 1,762,498

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2024 16,800
Cost 1,517,100
1,533,900

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 5,052 6,226
Other creditors and accruals 5,330 2,554
Directors' current accounts 18,694 27,167
29,076 35,947

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 7) 593,629 725,855

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 593,629 725,855