STERLING PROPERTY NETWORK LIMITED

Company Registration Number:
05448544 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

STERLING PROPERTY NETWORK LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

STERLING PROPERTY NETWORK LIMITED

Company Information

for the Period Ended 31 May 2024




Director: Benjamin Sterling
Registered office: The Brick Barn, Hill Farm
Love Lane
Kings Langley
Hertfordshire
England
WD4 9HL
Company Registration Number: 05448544 (England and Wales)

STERLING PROPERTY NETWORK LIMITED

Balance sheet

As at 31 May 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 617,500 617,500
Total fixed assets: 617,500 617,500
Current assets
Debtors: 44,248 46,290
Total current assets: 44,248 46,290
Net current assets (liabilities): 44,248 46,290
Total assets less current liabilities: 661,748 663,790
Creditors: amounts falling due after more than one year: ( 556,406 ) ( 556,406 )
Total net assets (liabilities): 105,342 107,384

The notes form part of these financial statements

STERLING PROPERTY NETWORK LIMITED

Balance sheet continued

As at 31 May 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 27 27
Revaluation reserve: 5 92,881 92,881
Profit and loss account: 12,434 14,476
Shareholders funds: 105,342 107,384

For the year ending 31 May 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 11 February 2025
And Signed On Behalf Of The Board By:

Name: Benjamin Sterling
Status: Director

The notes form part of these financial statements

STERLING PROPERTY NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

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

STERLING PROPERTY NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

STERLING PROPERTY NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 3. Off balance sheet disclosure

    No

STERLING PROPERTY NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible Assets

Total
Cost £
At 01 June 2023 617,500
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2024 617,500
Depreciation
At 01 June 2023 -
Charge for year -
On disposals -
Other adjustments -
At 31 May 2024 -
Net book value
At 31 May 2024 617,500
At 31 May 2023 617,500

STERLING PROPERTY NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Revaluation reserve


2024
£
Balance at 01 June 2023 92,881
Surplus or deficit after revaluation 0
Balance at 31 May 2024 92,881