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Registration number: 14362240

Sterne Holdings Ltd

Unaudited Filleted Financial Statements

for the Period from 1 October 2023 to 31 January 2025

 

Sterne Holdings Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Sterne Holdings Ltd

Company Information

Directors

Mr GD Sterne

Mrs GA Sterne

Registered office

Oakmoore Court Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11c Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

Sterne Holdings Ltd

(Registration number: 14362240)
Balance Sheet as at 31 January 2025

Note

2025
£

2023
£

Fixed assets

 

Investments

4

100

100

Other financial assets

5

198,973

-

 

199,073

100

Current assets

 

Debtors

6

141,077

-

Cash at bank and in hand

 

242,280

860,000

 

383,357

860,000

Creditors: Amounts falling due within one year

7

(80,855)

(72,200)

Net current assets

 

302,502

787,800

Net assets

 

501,575

787,900

Capital and reserves

 

Called up share capital

100

100

Retained earnings

501,475

787,800

Shareholders' funds

 

501,575

787,900

For the financial period ending 31 January 2025 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 period 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 August 2025 and signed on its behalf by:
 

.........................................
Mr GD Sterne
Director

.........................................
Mrs GA Sterne
Director

 
     
 

Sterne Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 January 2025

1

General information

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

The address of its registered office is:
Oakmoore Court Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH
Great Britain

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

Sterne Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 January 2025

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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 period, was 2 (2023 - 2).

 

Sterne Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 January 2025

4

Investments

2025
£

2023
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

At 1 October 2023

100

Provision

Carrying amount

At 31 January 2025

100

At 30 September 2023

100

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

2025

2023

Subsidiary undertakings

Guy Sterne Plastic Surgery Limited

Oakmoore Court Kingswood Road, Hampton Lovett, Droitwich, Worcestershire, United Kingdom, WR9 0QH

Ordinary

100%

100%

Subsidiary undertakings

Guy Sterne Plastic Surgery Limited

The principal activity of Guy Sterne Plastic Surgery Limited is Specialists medical practice activities.

 

Sterne Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 1 October 2023 to 31 January 2025

5

Other financial assets (current and non-current)

Investments
£

Total
£

Non-current financial assets

Cost or valuation

Additions

201,812

201,812

Fair value adjustments

(2,839)

(2,839)

At 31 January 2025

198,973

198,973

Carrying amount

At 31 January 2025

198,973

198,973

6

Debtors

Current

2025
£

2023
£

Other debtors

141,077

-

 

141,077

-

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2023
£

Due within one year

 

Amounts owed to related parties

8

44,056

71,000

Taxation and social security

 

35,599

-

Accruals and deferred income

 

1,200

1,200

 

80,855

72,200

8

Related party transactions

At the year end, the company was owed £105,478 from the director Mr Guy Sterne and Mrs Gail Sterne, included wihtin the other debtors.

At the year end, the company owes £44,056 (2023 - £70,876) to Guy Sterne Plastic Surgery Ltd, a company where Mr and Mrs Sterne are directors.