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Registered number: 05283257

Staite Enterprises Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2024

Prepared By:
Taylor & Taylor Accountants Limited
Chartered Accountants
175 Cole Valley Road
Birmingham
B28 0DG

Staite Enterprises Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2024
DIRECTORS
J.Staite
T.Staite
B. Dudley Staite
REGISTERED OFFICE
Taylor & Taylor Accountants
175 Cole Valley Road
Birmingham
B28 0DG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05283257
ACCOUNTANTS
Taylor & Taylor Accountants Limited
Chartered Accountants
175 Cole Valley Road
Birmingham
B28 0DG

Staite Enterprises Limited

ACCOUNTS
FOR THEYEARENDED30/11/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Staite Enterprises Limited

BALANCE SHEET AT 30/11/2024
20242023
Notes££
FIXED ASSETS
Tangible assets21,347,7321,548,996
Investment Assets350,000-
1,397,7321,548,996
CURRENT ASSETS
Debtors5249,149488,862
Cash at bank and in hand1,633742
250,782489,604
CREDITORS: Amounts falling due within one year617,542181,526
NET CURRENT ASSETS233,240308,078
TOTAL ASSETS LESS CURRENT LIABILITIES1,630,9721,857,074
CREDITORS: Amounts falling due after more than one year74,5487,612
PROVISIONS FOR LIABILITIES AND CHARGES9117,797114,012
NET ASSETS1,508,6271,735,450
CAPITAL AND RESERVES
Called up share capital103,5003,500
Share premium account11754,961754,961
Profit and loss account750,166976,989
SHAREHOLDERS' FUNDS1,508,6271,735,450

Staite Enterprises Limited

BALANCE SHEET AT 30/11/2024
For the year ending 30/11/2024 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25/03/2025 and signed on their behalf by
.............................
J.Staite
Director
.............................
T.Staite
Director
.............................
B. Dudley Staite
Director

Staite Enterprises Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 10%
Fixtures and Fittingsreducing balance 25%
Equipmentreducing balance 25%
1c. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1d. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
1e.

Staite Enterprises Limited

2. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsEquipmentTotal
££££
Cost
At 01/12/2023165,00034,4563,522202,978
Additions120,000-583120,583
At 30/11/2024285,00034,4564,105323,561
Depreciation
At 01/12/202331,35029,8562,77663,982
For the year25,3651,15033226,847
At 30/11/202456,71531,0063,10890,829
Net Book Amounts
At 30/11/2024228,2853,450997232,732
At 30/11/2023133,6504,600746138,996
3. FINANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
Additions50,00050,000
At 30/11/202450,00050,000
Amortisation
Net Book Amounts
At 30/11/202450,00050,000
29/06/2024 12 months investment in Silent D Pictures Limited (25% interest)
4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/12/20231,410,0001,410,000
Additions90,00090,000
Disposals(285,000)(285,000)
Revaluation(100,000)(100,000)
At 30/11/20241,115,0001,115,000
The valuations were confirmed by the director using her knowledge of market prices to estimate the value of these properties

Staite Enterprises Limited

5. DEBTORS 20242023
££
Amounts falling due within one year
Loans247,000241,454
Prepayments2,1493,408
Directors current account - TS-178,000
Directors current account - BDS-66,000
249,149488,862
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax-1,373
PAYE control236158
Salaries and wages control-45
Directors current account - JS2,85420,000
Directors current account - TS81-
Directors current account - BDS8,067-
Bank Loan-152,210
Government Loans3,5725,188
Accruals2,7322,552
17,542181,526
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr4,5487,612
4,5487,612
8. EMPLOYEES
20242023
No.No.
Average number of employees32

Staite Enterprises Limited

9. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation117,797114,012
117,797114,012
10. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
3500 Ordinary shares of £1 each35003500
3,5003,500
11. SHARE PREMIUM ACCOUNT 20242023
££
Share premium account754,961754,961
12. LOANS TO DIRECTORS
Director 1Director 2Director 3
Opening Balance-2000017800066000
Advances2464600
Introduced-7500-178081-74067
Closing Balance-2854-81-8067