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REGISTERED NUMBER: 14596674 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 17 JANUARY 2023 TO 31 MARCH 2024

FOR

STEF AND PHILIPS CORPORATE LIMITED

STEF AND PHILIPS CORPORATE LIMITED (REGISTERED NUMBER: 14596674)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 JANUARY 2023 TO 31 MARCH 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


STEF AND PHILIPS CORPORATE LIMITED (REGISTERED NUMBER: 14596674)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

Notes £   
CURRENT ASSETS
Debtors 4 162,000
Cash at bank and in hand 320,377
482,377
CREDITORS
Amounts falling due within one year 5 278,607
NET CURRENT ASSETS 203,770
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,770

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 203,670
203,770

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





Miss J Philippou - Director


STEF AND PHILIPS CORPORATE LIMITED (REGISTERED NUMBER: 14596674)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 JANUARY 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Stef and Philips Corporate Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14596674

Registered office: The Grange
100 High Street
London
N14 6BN

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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements and estimates involved in the preparation of the financial statements.

Revenue
Revenue represents the value of rental income chargeable in respect of the company's investment property.
Revenue is recognised evenly over the period of the rental agreement.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

STEF AND PHILIPS CORPORATE LIMITED (REGISTERED NUMBER: 14596674)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 17 JANUARY 2023 TO 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 162,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 193,752
Taxation and social security 83,105
Other creditors 1,750
278,607

6. RELATED PARTY DISCLOSURES

Included in the other creditors less than one year is an amount of £750 due to the connected companies with common directorship and shareholdings.The loan remains interest free and repayable on demand.