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REGISTERED NUMBER: 03139266 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

STATEPARK LIMITED

STATEPARK LIMITED (REGISTERED NUMBER: 03139266)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STATEPARK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: G N Hilu
N J Hilu
P M Hilu
A I Imirziadis
H C Imirziadis





SECRETARY: P M Hilu





REGISTERED OFFICE: The Green
The Narth
Monmouth
Monmouthshire
NP25 4RA





REGISTERED NUMBER: 03139266 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales and West Limited
Court House
Court Road
Bridgend
CF31 1BE

STATEPARK LIMITED (REGISTERED NUMBER: 03139266)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 1,650 2,831
Investments 5 1,000 1,000
Investment property 6 660,000 660,000
662,650 663,831

CURRENT ASSETS
Debtors 7 242,932 276,767
Cash at bank 137,209 157,003
380,141 433,770
CREDITORS
Amounts falling due within one year 8 23,680 26,521
NET CURRENT ASSETS 356,461 407,249
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,019,111

1,071,080

PROVISIONS FOR LIABILITIES 125,400 125,400
NET ASSETS 893,711 945,680

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 893,611 945,580
SHAREHOLDERS' FUNDS 893,711 945,680

STATEPARK LIMITED (REGISTERED NUMBER: 03139266)

BALANCE SHEET - continued
31 DECEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by:





G N Hilu - Director


STATEPARK LIMITED (REGISTERED NUMBER: 03139266)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Statepark Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rentals and associated service charges receivable relating to the year along with proceeds from the sales of lease premiums and any profit on disposal of investment properties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 33% on cost and 25% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Investment property
Investment property is included at fair value and any fair value adjustments are recognised in the income statement. Deferred taxation is provided on any gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all significant timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

STATEPARK LIMITED (REGISTERED NUMBER: 03139266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Equipment
£
COST
At 1 January 2024
and 31 December 2024 9,425
DEPRECIATION
At 1 January 2024 6,594
Charge for year 1,181
At 31 December 2024 7,775
NET BOOK VALUE
At 31 December 2024 1,650
At 31 December 2023 2,831

5. FIXED ASSET INVESTMENTS
Interest in
associate
£
COST
At 1 January 2024
and 31 December 2024 1,000
NET BOOK VALUE
At 31 December 2024 1,000
At 31 December 2023 1,000

6. INVESTMENT PROPERTY
Total
£
COST OR VALUATION
At 1 January 2024
and 31 December 2024 660,000
NET BOOK VALUE
At 31 December 2024 660,000
At 31 December 2023 660,000

STATEPARK LIMITED (REGISTERED NUMBER: 03139266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. INVESTMENT PROPERTY - continued

Cost or valuation at 31 December 2024 is represented by:
£
Valuation in 2015 500,000
Valuation in 2016 25,000
Valuation in 2017 135,000
660,000

The investment properties were valued on an open market basis on 31 December 2024 by G N Hilu, a director of the company .

7. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 18,868 16,661
Other debtors 33,012 78,308
51,880 94,969

Amounts falling due after more than one year:
Amounts owed by associates 142,429 135,804
Other debtors 48,623 45,994
191,052 181,798

Aggregate amounts 242,932 276,767

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Taxation and social security - 1,511
Other creditors 23,680 25,010
23,680 26,521

9. RESERVES

Included within retained earnings are non-distributable reserves relating to investment properties fair value adjustments (net of deferred taxation) amounting to £534,600 (2023 - £534,600).

STATEPARK LIMITED (REGISTERED NUMBER: 03139266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£ £
C Imirziadis
Balance outstanding at start of year - 337
Amounts repaid - (337 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

S J Imirziadis
Balance outstanding at start of year - 509
Amounts repaid - (509 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

A I Imirziadis
Balance outstanding at start of year 30,393 -
Amounts advanced - 30,393
Amounts repaid (30,393 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 30,393

Loans brought forward due from directors have been repaid in full.

11. RELATED PARTY DISCLOSURES

Loans due from shareholders of £13,582 (2023: £846) are included in other debtors. Interest has been charged on loans where necessary.