Company Registration No. 11064090 (England and Wales)
Stelling Capital 2 Limited
Unaudited accounts
for the year ended 31 March 2024
Stelling Capital 2 Limited
Unaudited accounts
Contents
Stelling Capital 2 Limited
Company Information
for the year ended 31 March 2024
Directors
V Alvarez
J I Alvarez
Company Number
11064090 (England and Wales)
Registered Office
Suite 8, Blandel Bridge House
56 Sloane Square
London
SW1W 8AX
England
Stelling Capital 2 Limited
Statement of financial position
as at 31 March 2024
Investment property
2,950,000
2,950,000
Debtors
48,959,782
34,444,775
Cash at bank and in hand
1,570,349
1,274,099
Creditors: amounts falling due within one year
(16,036,064)
(16,082,949)
Net current assets
34,494,067
19,635,925
Total assets less current liabilities
37,444,267
22,586,125
Creditors: amounts falling due after more than one year
(37,077,262)
(22,174,533)
Net assets
367,005
411,592
Called up share capital
100
100
Profit and loss account
366,905
411,492
Shareholders' funds
367,005
411,592
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2024 and were signed on its behalf by
V Alvarez
Director
Company Registration No. 11064090
Stelling Capital 2 Limited
Notes to the Accounts
for the year ended 31 March 2024
Stelling Capital 2 Limited is a private company, limited by shares, registered in England and Wales, registration number 11064090. The registered office is Suite 8, Blandel Bridge House, 56 Sloane Square, London, SW1W 8AX, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investments in shares are included at fair value.
Investment property is included at market fair value. Gains are recognised in the income statement.
These financial statements have been prepared on a going concern basis, The directors have considered the relevant facts and circumstances known at the date of their approval and have taken into account the continued support from its parent company.
Fair value at 1 April 2023
2,950,000
At 31 March 2024
2,950,000
Investment property is initially measured at cost and subsequently measured at fair value where a reliable measure of fair value is available without undue cost or effort. Changes in fair value are recognised in the statement of income.
The property was valued at £2,950,000 on 04 February 2020 by Strutt & Parker, a company of certified chartered surveyors.
5
Investments
Subsidiary undertakings
Valuation at 1 April 2023
200
Valuation at 31 March 2024
200
Stelling Capital 2 Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
2,056,099
1,966,933
Accrued income and prepayments
2,369
2,685
Other debtors
13,355
110,945
Amounts falling due after more than one year
Other debtors
46,887,959
32,364,212
7
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
15,299,861
15,506,407
Other creditors
735,003
573,396
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
37,077,262
22,174,533
9
Transactions with related parties
There were no related party transactions during the financial period.
The companys immediate parent is K&K Properties Limited, registered office:
Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).