Registered number: 05283257 | ||||||||
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 | ||||||||
REGISTERED OFFICE | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 5 | |||||||
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 | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
Investment Assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
250,782 | 489,604 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 308,078 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 4,548 | 7,612 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 9 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 10 | |||||||||
Share premium account | 11 | |||||||||
Profit and loss account | 750,166 | 976,989 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Staite Enterprises Limited | ||||||||
BALANCE SHEET AT | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Plant and Machinery | reducing balance 10% | |||||||
Fixtures and Fittings | reducing balance 25% | |||||||
Equipment | reducing 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 and | Fixtures | |||||||
Machinery | and Fittings | Equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/12/2023 | 165,000 | 34,456 | 3,522 | 202,978 | ||||
Additions | 120,000 | - | 583 | 120,583 | ||||
At 30/11/2024 | 285,000 | 34,456 | 4,105 | 323,561 | ||||
Depreciation | ||||||||
At 01/12/2023 | 31,350 | 29,856 | 2,776 | 63,982 | ||||
For the year | 25,365 | 1,150 | 332 | 26,847 | ||||
At 30/11/2024 | 56,715 | 31,006 | 3,108 | 90,829 | ||||
Net Book Amounts | ||||||||
At 30/11/2024 | 232,732 | |||||||
At 30/11/2023 | 138,996 | |||||||
3. FINANCIAL ASSETS | |||||||||
Other | |||||||||
Investments | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
Additions | 50,000 | 50,000 | |||||||
At 30/11/2024 | 50,000 | 50,000 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 30/11/2024 | 50,000 | 50,000 | |||||||
29/06/2024 12 months investment in Silent D Pictures Limited (25% interest) | |||||||||
4. INVESTMENT PROPERTIES | ||||||||
Investment | ||||||||
Properties | Total | |||||||
£ | £ | |||||||
Fair value | ||||||||
At 01/12/2023 | 1,410,000 | 1,410,000 | ||||||
Additions | 90,000 | 90,000 | ||||||
Disposals | (285,000) | (285,000) | ||||||
Revaluation | (100,000) | (100,000) | ||||||
At 30/11/2024 | 1,115,000 | 1,115,000 | ||||||
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 | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Loans | 247,000 | 241,454 | ||||||
Prepayments | 2,149 | 3,408 | ||||||
Directors current account - TS | - | 178,000 | ||||||
Directors current account - BDS | - | 66,000 | ||||||
249,149 | 488,862 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | - | 1,373 | ||||||
PAYE control | 236 | 158 | ||||||
Salaries and wages control | - | 45 | ||||||
Directors current account - JS | 2,854 | 20,000 | ||||||
Directors current account - TS | 81 | - | ||||||
Directors current account - BDS | 8,067 | - | ||||||
Bank Loan | - | 152,210 | ||||||
Government Loans | 3,572 | 5,188 | ||||||
Accruals | 2,732 | 2,552 | ||||||
17,542 | 181,526 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Loans >1yr | 4,548 | 7,612 | ||||||
4,548 | 7,612 | |||||||
8. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
Staite Enterprises Limited | ||||||||
9. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 117,797 | 114,012 | ||||||
117,797 | 114,012 | |||||||
10. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
3500 | 3500 | |||||||
3,500 | 3,500 | |||||||
11. SHARE PREMIUM ACCOUNT | 2024 | 2023 | ||||
£ | £ | |||||
Share premium account | 754,961 | 754,961 |
12. LOANS TO DIRECTORS | ||||||||
Director 1 | Director 2 | Director 3 | ||||||
Opening Balance | -20000 | 178000 | 66000 | |||||
Advances | 24646 | 0 | 0 | |||||
Introduced | -7500 | -178081 | -74067 | |||||
Closing Balance | -2854 | -81 | -8067 |