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REGISTERED NUMBER: 01241296 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

STRATIS INVESTMENTS LIMITED

STRATIS INVESTMENTS LIMITED (REGISTERED NUMBER: 01241296)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


STRATIS INVESTMENTS LIMITED (REGISTERED NUMBER: 01241296)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,674 3,568
Investment property 5 20,721,294 20,889,951
20,723,968 20,893,519

CURRENT ASSETS
Debtors 6 632,290 626,730
Cash at bank 461,660 573,210
1,093,950 1,199,940
CREDITORS
Amounts falling due within one year 7 534,045 565,138
NET CURRENT ASSETS 559,905 634,802
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,283,873

21,528,321

CREDITORS
Amounts falling due after more than one year 8 (8,790,601 ) (7,887,487 )

PROVISIONS FOR LIABILITIES 10 (2,241,640 ) (2,283,804 )
NET ASSETS 10,251,632 11,357,030

CAPITAL AND RESERVES
Called up share capital 500,000 500,000
Revaluation reserve 11 6,072,709 7,267,660
Retained earnings 3,678,923 3,589,370
10,251,632 11,357,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

STRATIS INVESTMENTS LIMITED (REGISTERED NUMBER: 01241296)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 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 Income Statement has not been delivered.

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





Mr P Stratis - Director


STRATIS INVESTMENTS LIMITED (REGISTERED NUMBER: 01241296)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Stratis Investments 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: 01241296

Registered office: 1 Kings Avenue
London
N21 3NA

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 unless otherwise stated in these accounting policies.

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 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.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and fittings - 25% on reducing balance

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal

Investment property
Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.


STRATIS INVESTMENTS LIMITED (REGISTERED NUMBER: 01241296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 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.

Cash and cash equivalents
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 year was 2 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 6,343
DEPRECIATION
At 1 July 2023 2,775
Charge for year 894
At 30 June 2024 3,669
NET BOOK VALUE
At 30 June 2024 2,674
At 30 June 2023 3,568

STRATIS INVESTMENTS LIMITED (REGISTERED NUMBER: 01241296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 20,889,951
Additions 1,026,294
Revaluations (1,194,951 )
At 30 June 2024 20,721,294
NET BOOK VALUE
At 30 June 2024 20,721,294
At 30 June 2023 20,889,951

Investment properties were valued on an open market basis on 30 June 2024 by the directors of company.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,940 -
Other debtors 630,350 626,730
632,290 626,730

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,383 6,664
Taxation and social security 23,975 26,138
Other creditors 496,687 532,336
534,045 565,138

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,790,601 7,887,487

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,790,601 7,887,487

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 8,790,601 7,887,487

Bank loans are secured by a first legal charge on the freehold and leasehold properties and contains a negative pledge.

STRATIS INVESTMENTS LIMITED (REGISTERED NUMBER: 01241296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,241,640 2,283,804

Deferred
tax
£   
Balance at 1 July 2023 2,283,804
Provided during year (42,164 )
Balance at 30 June 2024 2,241,640

11. RESERVES
Revaluation
reserve
£   
At 1 July 2023 7,267,660
Movement during the year (1,194,951 )

At 30 June 2024 6,072,709

12. RELATED PARTY DISCLOSURES

Included in the other debtors is an amount of £610,000 (2023: £610,000) due from a connected company with common directorship.The loan was interest free and repayable on demand.

Included in the other creditors within one year is an amount of £14,032 (2023: £167,044) due to directors of the company.The loan was interest free and repayable on demand.

Included in the other creditors is an amount of £206,271 (2023: £39,298) due to connected companies with common directorship. The loan was interest free and repayable on demand.