STAYLET LTD

Company Registration Number:
12428090 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

STAYLET LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

STAYLET LTD

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 1,177,274 813,412
Investments:   0 0
Total fixed assets: 1,177,274 813,412
Current assets
Stocks: 0
Debtors:   28,681 10,843
Cash at bank and in hand: 63,955 7,506
Investments:   0 0
Total current assets: 92,636 18,349
Creditors: amounts falling due within one year: 4 (47,358) (8,386)
Net current assets (liabilities): 45,278 9,963
Total assets less current liabilities: 1,222,552 823,375
Creditors: amounts falling due after more than one year: 5 (1,210,410) (836,590)
Provision for liabilities: 0 0
Total net assets (liabilities): 12,142 (13,215)
Capital and reserves
Called up share capital: 12 12
Share premium account: 0 0
Revaluation reserve:6286,124204,224
Other reserves: 0 0
Profit and loss account: (273,994) (217,451)
Shareholders funds: 12,142 (13,215)

The notes form part of these financial statements

STAYLET LTD

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 02 January 2025
and signed on behalf of the board by:

Name: Clare Payne
Status: Director

The notes form part of these financial statements

STAYLET LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

STAYLET LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

STAYLET LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 834,674
Additions 298,656
Revaluations 81,900
At 31 January 2024 1,215,230
Depreciation
At 01 February 2023 21,262
Charge for year 16,694
At 31 January 2024 37,956
Net book value
At 31 January 2024 1,177,274
At 31 January 2023 813,412

STAYLET LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

Creditors due within one year comprise a short term loan that has been repaid after the balance sheet date.

STAYLET LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Creditors: amounts falling due after more than one year note

Creditors due after one year primarily comprise commercial mortgages secured on the properties held by the company, plus amounts owed to the Director and an associated company owned by the Director. Interest is not charged on amounts lent to the company by the Director, or other related party companies.

STAYLET LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

6. Revaluation reserve

2024
£
Balance at 01 February 2023 204,224
Surplus or deficit after revaluation 81,900
Balance at 31 January 2024 286,124

Revaluation reserve represents the difference between cost & fair value of the Company's investment properties as measured by independent RICS valuations.

STAYLET LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

7. Related party transactions

Name of the related party: Colo Property Limited
Relationship:
Colo Property Limited is solely owned by the Director of Staylet Limited
Description of the Transaction: Colo Property Limited has lent funds to Staylet Limited on a long term basis.
£
Balance at 01 February 2023 172,984
Balance at 31 January 2024 162,083