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Registration number: 03581606

Stanlake Holdings Ltd.

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Stanlake Holdings Ltd.

Company Information

Director

Mr Guido Martino Egidi

Registered office

9 Berners Place
London
W1T 3AD

Accountants

Mehta & Tengra
Chartered Accountants9 Berners Place
London
W1T 3AD

 

Stanlake Holdings Ltd.

(Registration number: 03581606)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

500,737

500,737

Current assets

 

Cash at bank and in hand

 

47

47

Creditors: Amounts falling due within one year

5

(3,774)

(3,774)

Net current liabilities

 

(3,727)

(3,727)

Net assets

 

497,010

497,010

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

496,910

496,910

Shareholders' funds

 

497,010

497,010

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 March 2024
 

.........................................
Mr Guido Martino Egidi
Director

 

Stanlake Holdings Ltd.

Statement of Changes in Equity for the Year Ended 30 June 2024

Share capital
£

Retained earnings
£

Total
£

At 1 July 2023

100

496,910

497,010

Profit for the year

-

2,000

2,000

Dividends

-

(2,000)

(2,000)

At 30 June 2024

100

496,910

497,010

Share capital
£

Retained earnings
£

Total
£

At 1 July 2022

100

496,910

497,010

Profit for the year

-

2,000

2,000

Dividends

-

(2,000)

(2,000)

At 30 June 2023

100

496,910

497,010

 

Stanlake Holdings Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
9 Berners Place
London
W1T 3AD
United Kingdom

These financial statements were authorised for issue by the director on 25 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises of dividends received from the associated company in the ordinary course of the company’s activities.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Stanlake Holdings Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024


Preparation of consolidated financial statements
The financial statements contain information about Stanlake Holdings Ltd as an individual company and do not contain consolidated financial information as the parent of a group.
The company is exempt under section 399 (2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Investments

2024
£

2023
£

Investments in associates

500,737

500,737

Associates

£

Cost

At 1 July 2023

500,737

Provision

Carrying amount

At 30 June 2024

500,737

At 30 June 2023

500,737

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Associates

Stanlake Properties Ltd

9 Berners Place W1

Ordinary shares

50%

50%

 

United Kingdom

     

Associates

Stanlake Properties Ltd

The principal activity of Stanlake Properties Ltd is Property investment.

 

Stanlake Holdings Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Directors current account

3,774

3,774

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

7

Dividends

The total dividend distribution for the year was £2,000 (2023: £2,000).

8

Related party transactions

Summary of transactions with associates

Stanlake Holdings Ltd holds 50% of the share capital of Stanlake Properties Ltd.

Income and receivables from related parties

2024

Associates
£

Amounts receivable from related party

2,000

2023

Associates
£

Amounts receivable from related party

2,000

Loans to related parties

2024

Associates
£

Total
£

At start of period

500,637

500,637

At end of period

500,637

500,637

2023

Associates
£

Total
£

At start of period

500,637

500,637

At end of period

500,637

500,637

9