Company Registration No. 09721003 (England and Wales)
Sterling Properties London Limited
Unaudited accounts
for the year ended 31 March 2024
Sterling Properties London Limited
Unaudited accounts
Contents
Sterling Properties London Limited
Company Information
for the year ended 31 March 2024
Directors
Dr A S Khambay
Ms Phirun Suwan
Company Number
09721003 (England and Wales)
Registered Office
98 Samuelson House
Merrick Road
Southall
Middlesex
UB2 4WS
United Kingdom
Sterling Properties London Limited
Statement of financial position
as at 31 March 2024
Investment property
1,566,635
1,566,635
Investments
606,900
606,900
Cash at bank and in hand
1,351,515
18,732
Creditors: amounts falling due within one year
(2,000)
(4,464)
Net current assets
1,358,482
14,268
Total assets less current liabilities
3,532,017
2,187,803
Creditors: amounts falling due after more than one year
(2,921,006)
(1,627,536)
Net assets
611,011
560,267
Called up share capital
100
100
Profit and loss account
610,911
560,167
Shareholders' funds
611,011
560,267
For the year ending 31 March 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2024 and were signed on its behalf by
Dr A S Khambay
Director
Company Registration No. 09721003
Sterling Properties London Limited
Notes to the Accounts
for the year ended 31 March 2024
Sterling Properties London Limited is a private company, limited by shares, registered in England and Wales, registration number 09721003. The registered office is 98 Samuelson House, Merrick Road, Southall, Middlesex, UB2 4WS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 April 2023
1,566,635
At 31 March 2024
1,566,635
5
Investments
Subsidiary undertakings
Valuation at 1 April 2023
606,900
Valuation at 31 March 2024
606,900
Amounts falling due within one year
Accrued income and prepayments
8,967
-
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
3,264
Sterling Properties London Limited
Notes to the Accounts
for the year ended 31 March 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
13,511
-
Loans from directors
2,905,495
1,627,536
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).