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Registered number: 12758975
St20 Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Air Accounting Ltd
Park View Business Centre
Combermere
Whitchurch
Cheshire
SY13 4AL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12758975
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 293 585
Investment Properties 5 524,502 413,078
524,795 413,663
CURRENT ASSETS
Debtors 6 578 27,019
Cash at bank and in hand 1,714 4,217
2,292 31,236
Creditors: Amounts Falling Due Within One Year 7 (293,601 ) (128,400 )
NET CURRENT ASSETS (LIABILITIES) (291,309 ) (97,164 )
TOTAL ASSETS LESS CURRENT LIABILITIES 233,486 316,499
Creditors: Amounts Falling Due After More Than One Year 8 (271,870 ) (363,302 )
NET LIABILITIES (38,384 ) (46,803 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (38,385 ) (46,804 )
SHAREHOLDERS' FUNDS (38,384) (46,803)
Page 1
Page 2
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Miss Sharon Terriss
Director
25th November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
St20 Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12758975 . The registered office is 8 Lodge Drive, Culcheth, Warrington, WA3 4ES.
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. 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:
Computer Equipment 3 year straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 August 2023 878
As at 31 July 2024 878
Depreciation
As at 1 August 2023 293
Provided during the period 292
As at 31 July 2024 585
Net Book Value
As at 31 July 2024 293
As at 1 August 2023 585
Page 3
Page 4
5. Investment Property
2024
£
Fair Value
As at 1 August 2023 413,078
Additions 111,424
As at 31 July 2024 524,502
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 578 -
Net wages - 163
578 163
Due after more than one year
Other debtors - 26,856
578 27,019
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 128 -
Bank loans and overdrafts - 128,400
Other loans 80,000 -
Director's loan account 213,473 -
293,601 128,400
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 271,870 143,420
Directors loan account - 219,882
271,870 363,302
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4