2
false
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2023-03-29
Sage Accounts Production Advanced 2023 - FRS102_2023
955,760
355,760
600,000
600,000
955,760
311
89
400
400
311
xbrli:pure
xbrli:shares
iso4217:GBP
09047390
2023-03-29
2024-03-28
09047390
2024-03-28
09047390
2023-03-28
09047390
2022-03-29
2023-03-28
09047390
2023-03-28
09047390
2022-03-28
09047390
bus:LeadAgentIfApplicable
2023-03-29
2024-03-28
09047390
bus:Director1
2023-03-29
2024-03-28
09047390
bus:Director2
2023-03-29
2024-03-28
09047390
core:WithinOneYear
2024-03-28
09047390
core:WithinOneYear
2023-03-28
09047390
core:AfterOneYear
2024-03-28
09047390
core:AfterOneYear
2023-03-28
09047390
core:LandBuildings
core:LongLeaseholdAssets
2023-03-29
2024-03-28
09047390
core:ShareCapital
2024-03-28
09047390
core:ShareCapital
2023-03-28
09047390
core:RetainedEarningsAccumulatedLosses
2024-03-28
09047390
core:RetainedEarningsAccumulatedLosses
2023-03-28
09047390
core:CostValuation
core:Non-currentFinancialInstruments
2023-03-28
09047390
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2024-03-28
09047390
core:CostValuation
core:Non-currentFinancialInstruments
2024-03-28
09047390
core:Non-currentFinancialInstruments
2024-03-28
09047390
core:Non-currentFinancialInstruments
2023-03-28
09047390
core:LandBuildings
core:LongLeaseholdAssets
2024-03-28
09047390
core:LandBuildings
core:LongLeaseholdAssets
2023-03-28
09047390
core:LandBuildings
core:LongLeaseholdAssets
2023-03-28
09047390
bus:SmallEntities
2023-03-29
2024-03-28
09047390
bus:AuditExemptWithAccountantsReport
2023-03-29
2024-03-28
09047390
bus:SmallCompaniesRegimeForAccounts
2023-03-29
2024-03-28
09047390
bus:PrivateLimitedCompanyLtd
2023-03-29
2024-03-28
09047390
bus:FullAccounts
2023-03-29
2024-03-28
COMPANY REGISTRATION NUMBER:
09047390
|
Filleted Unaudited Financial Statements |
|
|
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Stessa 3006 Ltd |
|
Year ended 28 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stessa 3006 Ltd for the year ended 28 March 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. This report is made solely to the Board of Directors of Stessa 3006 Ltd, as a body, in accordance with the terms of our engagement letter dated 6 May 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Stessa 3006 Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stessa 3006 Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Stessa 3006 Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Stessa 3006 Ltd. You consider that Stessa 3006 Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Stessa 3006 Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
TURPIN BARKER ARMSTRONG
Chartered Certified Accountants
Allen House
1 Westmead Road
Sutton
Surrey
SM1 4LA
15 May 2025
|
Statement of Financial Position |
|
28 March 2024
Fixed assets
|
Tangible assets |
5 |
600,000 |
955,760 |
|
Investments |
6 |
400 |
311 |
|
--------- |
--------- |
|
600,400 |
956,071 |
|
|
|
|
Current assets
|
Debtors |
7 |
259,680 |
2,332,390 |
|
Cash at bank and in hand |
276 |
53,500 |
|
--------- |
------------ |
|
259,956 |
2,385,890 |
|
|
|
|
|
Creditors: amounts falling due within one year |
8 |
4,246,029 |
4,360,234 |
|
------------ |
------------ |
|
Net current liabilities |
3,986,073 |
1,974,344 |
|
------------ |
------------ |
|
Total assets less current liabilities |
(
3,385,673) |
(
1,018,273) |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
9 |
22,798 |
31,387 |
|
------------ |
------------ |
|
Net liabilities |
(
3,408,471) |
(
1,049,660) |
|
------------ |
------------ |
|
|
|
|
Capital and reserves
|
Called up share capital |
2 |
2 |
|
Profit and loss account |
(
3,408,473) |
(
1,049,662) |
|
------------ |
------------ |
|
Shareholders deficit |
(
3,408,471) |
(
1,049,660) |
|
------------ |
------------ |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 28 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of Financial Position (continued) |
|
28 March 2024
These financial statements were approved by the
board of directors
and authorised for issue on
15 May 2025
, and are signed on behalf of the board by:
|
Mr G A Thompson |
Mrs A J Thompson |
|
Director |
Director |
|
|
Company registration number:
09047390
|
Notes to the Financial Statements |
|
Year ended 28 March 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 61 Bridge Street, Kington, Herefordshire, HR5 3DL.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
Management has determined that there is no material uncertainty that cast doubt on the entity's ability to continue as a going concern and they will continue to provide financial support to Stessa 3006 Ltd as the company requires for its continued operations for a period of not less than one year from the date of the approval of the financial statements of Stessa 3006 for the period ended 28 March 2024.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
5.
Tangible assets
|
Long leasehold property |
|
£ |
|
Cost |
|
|
At 29 March 2023 |
955,760 |
|
Disposals |
(
355,760) |
|
--------- |
|
At 28 March 2024 |
600,000 |
|
--------- |
|
Depreciation |
|
|
At 29 March 2023 and 28 March 2024 |
– |
|
--------- |
|
Carrying amount |
|
|
At 28 March 2024 |
600,000 |
|
--------- |
|
At 28 March 2023 |
955,760 |
|
--------- |
|
|
6.
Investments
|
Shares in group undertakings |
|
£ |
|
Cost |
|
|
At 29 March 2023 |
311 |
|
Additions |
89 |
|
---- |
|
At 28 March 2024 |
400 |
|
---- |
|
Impairment |
|
|
At 29 March 2023 and 28 March 2024 |
– |
|
---- |
|
|
|
Carrying amount |
|
|
At 28 March 2024 |
400 |
|
---- |
|
At 28 March 2023 |
311 |
|
---- |
|
|
7.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
259,680 |
2,332,390 |
|
--------- |
------------ |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
10,127 |
10,144 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
47,384 |
126,929 |
|
Other creditors |
4,188,518 |
4,223,161 |
|
------------ |
------------ |
|
4,246,029 |
4,360,234 |
|
------------ |
------------ |
|
|
|
9.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
22,798 |
31,387 |
|
-------- |
-------- |
|
|
|
10.
Directors' advances, credits and guarantees
At no point during the year did advances/credits to the Director's Loan Account result in an overdrawn position.