Registered number: 11108497
STERLINGBRIDGE FINANCE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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STERLINGBRIDGE FINANCE LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STERLINGBRIDGE FINANCE LIMITED
FOR THE YEAR ENDED 30 JUNE 2024
You consider that the Company is exempt from an audit for the year ended 30 June 2024. You have acknowledged, on the Balance sheet, your responsibilities for ensuring that the Company keeps adequate accounting records which comply with section 386 of the Companies Act 2006, and for preparing the financial statements which give a true and fair view of the state of affairs of the Company and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the financial statements on pages 7 from the accounting records of the Company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these financial statements.
Eclipse Consultancy Limited
The Courtyard
14A Sydenham Road
Croydon
CR0 2EE
12 March 2025
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STERLINGBRIDGE FINANCE LIMITED
REGISTERED NUMBER: 11108497
BALANCE SHEET
AS AT 30 JUNE 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Redeemable Preference Shares
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The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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Chetan Vinodrai Shukla
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STERLINGBRIDGE FINANCE LIMITED
REGISTERED NUMBER: 11108497
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024
The notes on pages 5 to 7 form part of these financial statements.
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STERLINGBRIDGE FINANCE LIMITED
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STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024
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Comprehensive income for the year
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Total comprehensive income for the year
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Contributions by and distributions to owners
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Total transactions with owners
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Comprehensive income for the year
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Total comprehensive income for the year
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Contributions by and distributions to owners
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Total transactions with owners
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STERLINGBRIDGE FINANCE LIMITED
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STATEMENT OF CHANGES IN EQUITY (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
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The notes on pages 5 to 7 form part of these financial statements.
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Sterlingbridge Finance Limited is a private company limited by shares and incorporated in England.
Its registered office is : 106 Lower Addiscombe Road,Croydon,Surrey,CR0 6AD and its registered company number is : 11108497
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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STERLINGBRIDGE FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
.Accounting policies (continued)
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
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The average monthly number of employees, including directors, during the year was 0 (2023 - 0).
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Amounts owed by group undertakings
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Prepayments and accrued income
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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STERLINGBRIDGE FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
Preference Shares
Redeemable preference shares 2024 2023
£ £
At 1 July 2023 7,954,888 12,824,955
Shares redeemed (3,414,269) (4,870,067)
At 30 June 2024 4,540,619 7,954,888
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Related party transactions
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SB Properties Limited :
SB Properties Limited owed the company Ltd £8,251,330 (2023 - £11,665,599) loan repayable on
demand and the intrest recievable on the same till date is £1,511,099 (2023 - £1,023,887)
Forest Hill Limited :
Forest Hill Limited Limited owed the company Ltd £2,226,453 (2023 - £2,226,453) loan repayable on
demand and the intrest recievable on the same till date is £759,216 (2023 - £563,867)
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SB Property Development Limited :
SB Property Development Limited owed the company Ltd £4,803,770 (2023 - £4,803,770) loan repayable on demand and the intrest recievable on the same till date is £1,638,076 (2023 - £1,216,594).
There is also an intercompany balance of £137,000 (2023 - £137,000) recievable from SB Property Development Limited.
Rapid Forest Hill Limited:
There is n intercompany balance of £198 (2023 - £198) recievable from Rapid Forest Hill Limited
Mitesh Shukla:
An amount of £154,714 (2023- £ Nil) is recievable from Mitesh Shukla on demand, who is also a director of group companies Healthcare Limited and CKMA Ltd.
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The company is a wholly owned subsidiary of Sterlingbridge Investment Group Limited, a
company incorporated in England. Their registered office is 106 Lower Addiscombe Road,
Croydon, Surrey CR0 6AD.
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