Company Registration No. 07085784 (England and Wales)
STERLING LONDON LIMITED
Unaudited accounts
for the year ended 30 November 2023
STERLING LONDON LIMITED
Unaudited accounts
Contents
STERLING LONDON LIMITED
Company Information
for the year ended 30 November 2023
Company Number
07085784 (England and Wales)
Registered Office
211 Manor Road
Mitcham
Surrey
CR4 1JH
England
Accountants
Meer Md Julhash Hossain
Meer Julhas & Co
R/O 37 Green Street
London
E7 8DA
STERLING LONDON LIMITED
Statement of financial position
as at 30 November 2023
Tangible assets
7,881
9,853
Investment property
2,564,213
2,564,213
Cash at bank and in hand
34,159
10,594
Creditors: amounts falling due within one year
(911,960)
(897,333)
Net current liabilities
(877,751)
(886,689)
Total assets less current liabilities
1,694,343
1,687,377
Creditors: amounts falling due after more than one year
(1,130,775)
(1,140,047)
Net assets
563,568
547,330
Called up share capital
1
1
Revaluation reserve
523,135
523,135
Profit and loss account
40,432
24,194
Shareholders' funds
563,568
547,330
For the year ending 30 November 2023 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 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 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 and authorised for issue on 29 November 2024 and were signed on its behalf by
Jesmin AKTER
Director
Company Registration No. 07085784
STERLING LONDON LIMITED
Notes to the Accounts
for the year ended 30 November 2023
STERLING LONDON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07085784. The registered office is 211 Manor Road, Mitcham, Surrey, CR4 1JH, England.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing balance
Fixtures & fittings
20% Reducing balance
Computer equipment
20% Reducing balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2022
23,414
7,155
535
31,104
At 30 November 2023
23,414
7,155
535
31,104
At 1 December 2022
16,886
3,826
539
21,251
Charge for the year
1,306
666
-
1,972
At 30 November 2023
18,192
4,492
539
23,223
At 30 November 2023
5,222
2,663
(4)
7,881
At 30 November 2022
6,528
3,329
(4)
9,853
Fair value at 1 December 2022
2,564,213
At 30 November 2023
2,564,213
STERLING LONDON LIMITED
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,346
1,125
Taxes and social security
4,253
3,453
Other creditors
25,286
33,938
Loans from directors
881,075
858,817
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,130,775
1,140,047
9
Average number of employees
During the year the average number of employees was 3 (2022: 2).