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REGISTERED NUMBER: 10550333 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

STRATIS GROUP LTD

STRATIS GROUP LTD (REGISTERED NUMBER: 10550333)

Contents of the Financial Statements
for the year ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

STRATIS GROUP LTD

Company Information
for the year ended 31 January 2024







Director: C Trew





Secretary: K Patel





Registered office: New Derwent House
69 - 73 Theobalds Road
London
WC1X 8TA





Registered number: 10550333 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA

STRATIS GROUP LTD (REGISTERED NUMBER: 10550333)

Balance Sheet
31 January 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 5,235,173 4,400,422
Tangible assets 5 11,803 11,625
5,246,976 4,412,047

Current assets
Debtors 6 55,994 90,705
Cash at bank 26,126 38,044
82,120 128,749
Creditors
Amounts falling due within one year 7 198,137 123,981
Net current (liabilities)/assets (116,017 ) 4,768
Total assets less current liabilities 5,130,959 4,416,815

Creditors
Amounts falling due after more than one
year

8

(15,531

)

(25,664

)

Provisions for liabilities 9 (1,311,744 ) (1,036,791 )
Net assets 3,803,684 3,354,360

Capital and reserves
Called up share capital 10 100 100
Retained earnings 3,803,584 3,354,260
Shareholders' funds 3,803,684 3,354,360

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

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

STRATIS GROUP LTD (REGISTERED NUMBER: 10550333)

Balance Sheet - continued
31 January 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





C Trew - Director


STRATIS GROUP LTD (REGISTERED NUMBER: 10550333)

Notes to the Financial Statements
for the year ended 31 January 2024


1. Statutory information

Stratis Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortization and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Computer equipment - 25% on cost

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.


STRATIS GROUP LTD (REGISTERED NUMBER: 10550333)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Intangible fixed assets
Computer
software
£
Cost
At 1 February 2023 4,400,422
Additions 834,751
At 31 January 2024 5,235,173
Net book value
At 31 January 2024 5,235,173
At 31 January 2023 4,400,422

STRATIS GROUP LTD (REGISTERED NUMBER: 10550333)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


5. Tangible fixed assets
Plant and Computer
machinery equipment Totals
£ £ £
Cost
At 1 February 2023 1,385 28,289 29,674
Additions 500 3,346 3,846
At 31 January 2024 1,885 31,635 33,520
Depreciation
At 1 February 2023 972 17,077 18,049
Charge for year 283 3,385 3,668
At 31 January 2024 1,255 20,462 21,717
Net book value
At 31 January 2024 630 11,173 11,803
At 31 January 2023 413 11,212 11,625

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors - 30,065
Other debtors 55,994 60,640
55,994 90,705

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,133 9,883
Trade creditors 37,751 36,906
Taxation and social security 110,064 6,273
Other creditors 40,189 70,919
198,137 123,981

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 15,531 25,664

9. Provisions for liabilities
2024 2023
£ £
Deferred tax 1,311,744 1,036,791

STRATIS GROUP LTD (REGISTERED NUMBER: 10550333)

Notes to the Financial Statements - continued
for the year ended 31 January 2024


9. Provisions for liabilities - continued

Deferred tax
£
Balance at 1 February 2023 1,036,791
Charge to Profit and Loss Account during year 274,953
Balance at 31 January 2024 1,311,744

10. Called up share capital

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £ £
100 Called up share capital 1 100 100

Accountants' Report to the Director
on the Unaudited Financial Statements of
Stratis Group Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stratis Group Ltd for the year ended 31 January 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Stratis Group Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stratis Group Ltd and state those matters that we have agreed to state to the director of Stratis Group Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stratis Group Ltd and its director for our work or for this report.

It is your duty to ensure that Stratis Group Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stratis Group Ltd. You consider that Stratis Group Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stratis Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Northside House
69 Tweedy Road
Bromley
Kent
BR1 3WA


31 January 2025