3 4 Staze Ltd 12279941 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is Hotel Booking Platform Digita Accounts Production Advanced 6.30.9574.0 true 12279941 2024-01-01 2024-12-31 12279941 2024-12-31 12279941 core:CurrentFinancialInstruments 2024-12-31 12279941 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 12279941 core:FurnitureFittingsToolsEquipment 2024-12-31 12279941 bus:SmallEntities 2024-01-01 2024-12-31 12279941 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 12279941 bus:FilletedAccounts 2024-01-01 2024-12-31 12279941 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12279941 bus:RegisteredOffice 2024-01-01 2024-12-31 12279941 bus:Director1 2024-01-01 2024-12-31 12279941 bus:Director2 2024-01-01 2024-12-31 12279941 bus:Director3 2024-01-01 2024-12-31 12279941 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12279941 core:ComputerEquipment 2024-01-01 2024-12-31 12279941 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 12279941 countries:UnitedKingdom 2024-01-01 2024-12-31 12279941 2023-12-31 12279941 core:FurnitureFittingsToolsEquipment 2023-12-31 12279941 2023-01-01 2023-12-31 12279941 2023-12-31 12279941 core:CurrentFinancialInstruments 2023-12-31 12279941 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12279941 core:FurnitureFittingsToolsEquipment 2023-12-31 xbrli:pure iso4217:GBP

Registration number: 12279941

Staze Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 December 2024

 

Staze Ltd

Contents

Company Information

1

Directors' Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 8

 

Staze Ltd

Company Information

Directors

J Olenicz

D Silk

H Popiolek

Registered office

86-90 Paul Street
3rd Floor
London
EC2A 4NE

 

Staze Ltd

Directors' Report for the Year Ended 31 December 2024

The directors present their report and the abridged financial statements for the year ended 31 December 2024.

Directors of the company

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

J Olenicz

D Silk

H Popiolek

Principal activity

The principal activity of the company is Hotel Booking Platform

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 9 July 2025 and signed on its behalf by:
 

.........................................
J Olenicz
Director

 

Staze Ltd

(Registration number: 12279941)
Abridged Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

3,860

1,597

Current assets

 

Debtors

49,591

57,000

Cash at bank and in hand

 

82,097

152,897

 

131,688

209,897

Prepayments and accrued income

 

1,367

-

Creditors: Amounts falling due within one year

(15,023)

(22,966)

Net current assets

 

118,032

186,931

Total assets less current liabilities

 

121,892

188,528

Accruals and deferred income

 

(995)

(995)

Net assets

 

120,897

187,533

Capital and reserves

 

Called up share capital

151

151

Share premium reserve

835,778

835,778

Other reserves

60,020

-

Retained earnings

(775,052)

(648,396)

Shareholders' funds

 

120,897

187,533

For the financial year ending 31 December 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 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet and have elected to take the option not to file the Profit and Loss Account in accordance with Section 444 of the Companies Act 2006

 

Staze Ltd

(Registration number: 12279941)
Abridged Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 9 July 2025 and signed on its behalf by:
 

.........................................

J Olenicz

Director

 

Staze Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1

General information

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

The address of its registered office is:
86-90 Paul Street
3rd Floor
London
EC2A 4NE
England

These financial statements were authorised for issue by the Board on 9 July 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 abridged 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 abridged 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

 

Staze Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer & IT Equipment

25% Straight Line

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.

Borrowings

 

Staze Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 4).

4

Loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

1,901

2,276

 

Staze Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

8,355

8,355

Additions

4,165

4,165

At 31 December 2024

12,520

12,520

Depreciation

At 1 January 2024

6,758

6,758

Charge for the year

1,902

1,902

At 31 December 2024

8,660

8,660

Carrying amount

At 31 December 2024

3,860

3,860

At 31 December 2023

1,597

1,597