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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
Page
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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
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Stelling Capital 2 Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
2,950,000 
2,950,000 
Investments
200 
200 
2,950,200 
2,950,200 
Current assets
Debtors
48,959,782 
34,444,775 
Cash at bank and in hand
1,570,349 
1,274,099 
50,530,131 
35,718,874 
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 
Capital and reserves
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
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Stelling Capital 2 Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investments
Investments in shares are included at fair value.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement.
Going concern
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.
4
Investment property
2024 
£ 
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 
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Stelling Capital 2 Limited Notes to the Accounts for the year ended 31 March 2024
6
Debtors
2024 
2023 
£ 
£ 
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 
2,071,823 
2,080,563 
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 
Accruals
1,200 
3,146 
16,036,064 
16,082,949 
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.
10
Controlling party
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).
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