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REGISTERED NUMBER: 10594935 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Staccato Property Management Limited

Staccato Property Management Limited (Registered number: 10594935)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Statement of Financial Position 1

Statement of Changes in Equity 3

Notes to the Financial Statements 4


Staccato Property Management Limited (Registered number: 10594935)

Statement of Financial Position
30 November 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 2,253 -

CURRENT ASSETS
Debtors 5 96,593 102,190
Cash at bank 32 -
96,625 102,190
CREDITORS
Amounts falling due within one year 6 92,244 91,492
NET CURRENT ASSETS 4,381 10,698
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,634

10,698

CREDITORS
Amounts falling due after more than
one year

7

14,941

14,504
NET LIABILITIES (8,307 ) (3,806 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (8,407 ) (3,906 )
SHAREHOLDERS' FUNDS (8,307 ) (3,806 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Staccato Property Management Limited (Registered number: 10594935)

Statement of Financial Position - continued
30 November 2024


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 27 August 2025 and were signed on its behalf by:





Mr S J Green - Director


Staccato Property Management Limited (Registered number: 10594935)

Statement of Changes in Equity
for the Year Ended 30 November 2024

Called up
share Retained Total
capital earnings equity
£ £ £
Balance at 1 December 2022 100 (1,963 ) (1,863 )

Changes in equity
Total comprehensive income - (1,943 ) (1,943 )
Balance at 30 November 2023 100 (3,906 ) (3,806 )

Changes in equity
Total comprehensive income - (4,501 ) (4,501 )
Balance at 30 November 2024 100 (8,407 ) (8,307 )

Staccato Property Management Limited (Registered number: 10594935)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Staccato Property Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10594935

Registered office: 3b Castle Court
Warwick Road
Fairfield Industrial Estate
Louth
LN11 0YB

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% on a reducing balance basis
Fixtures and Fittings - straight line over 5 years
Improvements to property (leased) - over the period of the lease

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss and included in other operating income.

Staccato Property Management Limited (Registered number: 10594935)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including the transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets
The company has no financial assets which are classified as other financial assets in these financial statements.

Impairment of financial assets
Financial assets are assessed for indicators of impairment at each reporting end date.
Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occuring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.


Staccato Property Management Limited (Registered number: 10594935)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities
The company has no financial liabilities which are classified as other financial liabilities in these financial statements.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
During the year ended 30 November 2024, the company recorded a loss before tax of £4,501 (2023: loss of £1,943) and at that date its net liabilities were £8,307 (2023: net liabilities of £3,806)

The company is reliant upon the ongoing support of its directors and it's related party Network Armour Limited to be able to meet its liabilities as they fall due. This support includes not demanding the repayment of outstanding loans and advancing new loans when required. On the basis of their review of forecasts and available data, the directors consider the going concern basis of accounting to be appropriate for the business and in these financial statements..

Staccato Property Management Limited (Registered number: 10594935)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
Additions 2,327
At 30 November 2024 2,327
DEPRECIATION
Charge for year 74
At 30 November 2024 74
NET BOOK VALUE
At 30 November 2024 2,253

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by group undertakings 92,623 101,930
Other debtors 3,970 260
96,593 102,190

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 2,320 2,832
Trade creditors 22,153 17,700
Amounts owed to group undertakings 480 1,827
VAT 15,391 17,233
Directors' current accounts 50,500 50,500
Accruals and deferred income 1,400 1,400
92,244 91,492

Staccato Property Management Limited (Registered number: 10594935)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£ £
Bank loans - 1-2 years 2,152 2,389
Bank loans - 2-5 years 6,287 6,511
Bank loans more 5 yr by instal 6,502 5,604
14,941 14,504

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,502 5,604

On 28 May 2020, the company received a loan for £18,000 from Barclays Bank plc. The loan is unsecured and repayable in instalments over six years. During the financial year, the company took the option to extend the loan term to ten years. The interest rate is fixed at 2.5% per annum for the term of the loan and HM Government is committed to pay the first year of interest on behalf of the Company. HM Government has guaranteed 100% of the value of the loan.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary Shares £1 100 100

9. RELATED PARTY TRANSACTIONS

Debtors at 30 November 2024 includes £94,450 (2023: £101,930) due from Network Armour Limited which are disclosed as amounts owed by group undertakings in note 4.

In 2017, the Directors advanced the company two interest free loans which are repayable on demand. The loans are included in other creditors and the amounts outstanding at 30 November 2024 are as follows:

S Radley £50,000
SJ Green £500

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S J Green.