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Registration number: 06860902

STELLA LIGHT LIMITED

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

STELLA LIGHT LIMITED

Contents

Company Information

1

Directors' Report

2

Profit and Loss Account

3

Statement of Comprehensive Income

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 11

 

STELLA LIGHT LIMITED

Company Information

Directors

Woodford Directors Limited

Mrs Andreea Ecaterina Mocanu

Company secretary

Woodford Services Limited

Registered office

3 The Shrubberies
George Lane
London
E18 1BD

Accountants

ACCOUNTING 2 TREND LTD
3 The Shrubberies
George Lane
London
E18 1BD

 

STELLA LIGHT LIMITED

Directors' Report for the Year Ended 31 December 2023

The directors present their report and the financial statements for the year ended 31 December 2023.

Directors of the company

The directors who held office during the year were as follows:

Woodford Directors Limited

Mrs Andreea Ecaterina Mocanu

Principal activity

The principal activity of the company is that of an investment holding company.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 27 May 2025 and signed on its behalf by:
 

.........................................
Mrs Andreea Ecaterina Mocanu
Director

 

STELLA LIGHT LIMITED

Profit and Loss Account for the Year Ended 31 December 2023

Note

2023

2022

Turnover

 

-

-

Gross profit/(loss)

 

-

-

Administrative expenses

 

(1,579)

(1,168)

Operating loss

 

(1,579)

(1,168)

Other interest receivable and similar income

 

47,586

47,586

Interest payable and similar expenses

 

(41,143)

(41,143)

   

6,443

6,443

Profit before tax

4,864

5,275

Tax on profit

 

(924)

(1,002)

Profit for the financial year

 

3,940

4,273

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

STELLA LIGHT LIMITED

Statement of Comprehensive Income for the Year Ended 31 December 2023

2023

2022

Profit for the year

3,940

4,273

Total comprehensive income for the year

3,940

4,273

 

STELLA LIGHT LIMITED

(Registration number: 06860902)
Balance Sheet as at 31 December 2023

Note

2023

2022

Fixed assets

 

Investments

4

19,496

19,496

Current assets

 

Debtors

5

2,877,967

2,830,381

Cash at bank and in hand

 

2,562

135

 

2,880,529

2,830,516

Creditors: Amounts falling due within one year

6

(2,822,426)

(2,776,353)

Net current assets

 

58,103

54,163

Net assets

 

77,599

73,659

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

77,598

73,658

Shareholders' funds

 

77,599

73,659

For the financial year ending 31 December 2023 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 27 May 2025 and signed on its behalf by:
 

.........................................
Mrs Andreea Ecaterina Mocanu
Director

 

STELLA LIGHT LIMITED

Statement of Changes in Equity for the Year Ended 31 December 2023

Share capital

Profit and loss account

Total

At 1 January 2023

1

73,658

73,659

Profit for the year

-

3,940

3,940

Total comprehensive income

-

3,940

3,940

At 31 December 2023

1

77,598

77,599

Share capital

Retained earnings

Total

At 1 January 2022

1

69,385

69,386

Profit for the year

-

4,273

4,273

At 31 December 2022

1

73,658

73,659

 

STELLA LIGHT LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

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

The address of its registered office is:
3 The Shrubberies
George Lane
London
E18 1BD
United Kingdom

These financial statements were authorised for issue by the Board on 27 May 2025.

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.

Group accounts not prepared

The financial statements contain information about Stella Light Limited 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

STELLA LIGHT LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

 

STELLA LIGHT LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

4

Investments

2023

2022

Investments in subsidiaries

19,496

19,496

Subsidiaries

Cost or valuation

At 1 January 2023

19,496

Provision

Carrying amount

At 31 December 2023

19,496

At 31 December 2022

19,496

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) 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

2023

2022

Subsidiary undertakings

Gruppo Immobiliare New Milano S.R.L.

Italy

Ordinary

100%

100%

Subsidiary undertakings

Gruppo Immobiliare New Milano S.R.L.

The principal activity of Gruppo Immobiliare New Milano S.R.L. is that of holding of real estate.

5

Debtors

 

STELLA LIGHT LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Current

2023

2022

Other debtors

2,877,967

2,830,381

 

2,877,967

2,830,381

6

Creditors

Creditors: amounts falling due within one year

2023

2022

Due within one year

Taxation and social security

1,927

1,002

Accruals and deferred income

1,006

1,018

Other creditors

2,819,493

2,774,333

2,822,426

2,776,353

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

No.

Ordinary shares of €1 each

1

1

1

1

       

8

Related party transactions

Loans to related parties

2023

Subsidiary

Other related parties

Total

At start of period

2,523,852

302,704

2,826,556

Interest transactions

47,586

-

47,586

At end of period

2,571,438

302,704

2,874,142

2022

Subsidiary

Other related parties

Total

At start of period

2,476,265

302,704

2,778,969

Interest transactions

47,587

-

47,587

At end of period

2,523,852

302,704

2,826,556

Terms of loans to related parties

 

STELLA LIGHT LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Included within other debtors is an amount of €2,571,438 (2022: €2,523,852) due from Gruppo Immobiliare New Milano S.R.L. This is made out of loan amounting to €2,195,579 and accrued interest of €375,859.
 
Included within other debtors is a loan of €302,704 (2022: €302,704) to Clari Investments Limited. This loan is interest free and has no terms governing its repayment.

Loans from related parties

2023

Other related parties

Total

At start of period

13,706

13,706

Advanced

4,017

4,017

At end of period

17,723

17,723

2022

Other related parties

Total

At start of period

10,599

10,599

Advanced

3,107

3,107

At end of period

13,706

13,706

Terms of loans from related parties

Included within other creditors is a shareholder loan of €14,724 (2022: €13,706). This loan is interest free and has no terms governing its repayment.