Company registration number 6415161 (England and Wales)
STELLAR TRADING SYSTEMS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
STELLAR TRADING SYSTEMS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
STELLAR TRADING SYSTEMS LTD
BALANCE SHEET
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
55,672
55,379
Investments
5
4,526,268
4,030,113
4,581,940
4,085,492
Current assets
Debtors
6
18,587,982
15,197,733
Cash at bank and in hand
20,429,159
21,732,524
39,017,141
36,930,257
Creditors: amounts falling due within one year
7
(2,037,678)
(2,262,817)
Net current assets
36,979,463
34,667,440
Total assets less current liabilities
41,561,403
38,752,932
Provisions for liabilities
(1,055,000)
(1,055,000)
Net assets
40,506,403
37,697,932
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
40,506,402
37,697,931
Total equity
40,506,403
37,697,932

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

STELLAR TRADING SYSTEMS LTD
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2024
30 November 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 29 August 2025 and are signed on its behalf by:
S Thomas
Director
Company Registration No. 6415161
STELLAR TRADING SYSTEMS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 3 -
1
Accounting policies
Company information

Stellar Trading Systems Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 46 Bow Lane, London, United Kingdom, EC4M 9DL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover comprises the invoiced value of services supplied, net of VAT and trade discounts. Income from the sale of software licences is recognised once a signed contract exists and rateably over the period to which the contract relates. If a transaction includes both licence and implementation elements the combined revenue is recognised on a percentage of completion basis. Income from support services is billed in advance and credited to the profit and loss account on a straight line basis over the period of the contract.

Dividend income from investments is recognised when the shareholder's right to receive payment has been established.

 

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding and the effective interest rate applicable.

1.3
Research and development expenditure

Expenditure on research and development is written off in the year in which it is incurred.

 

 

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
50% on cost
Fixtures and fittings
33% on cost
Computers
50% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

STELLAR TRADING SYSTEMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Fixed asset investments

Listed investments are recognised initially at fair value which is normally the transaction price. Subsequently they are re-measured at fair value through the statement of comprehensive income.

 

Investments that are not publicly traded and whose fair value cannot otherwise be measured reliably are recognised at cost less impairment until a reliable measure of fair value becomes available.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

The company operates a defined contribution pension scheme. Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

STELLAR TRADING SYSTEMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.10

Long Term Incentive Plan

The Company has a long term incentive plan under which certain employees are awarded a portion of their remuneration on a deferred basis. Awards generally vest on a graduated basis over a period of several years. Deferred remuneration costs are recognised over the vesting period.

 

At each balance sheet date the company revises its estimates for the number of tranches of awards which are expected to vest. It recognises the impact of the revision to original estimates, if any, in the profit and loss account.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
19
18
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 December 2023
41,730
15,493
392,759
449,982
Additions
-
0
-
0
57,350
57,350
At 30 November 2024
41,730
15,493
450,109
507,332
Depreciation and impairment
At 1 December 2023
41,499
13,726
339,378
394,603
Depreciation charged in the year
231
825
56,001
57,057
At 30 November 2024
41,730
14,551
395,379
451,660
Carrying amount
At 30 November 2024
-
0
942
54,730
55,672
At 30 November 2023
231
1,767
53,381
55,379
STELLAR TRADING SYSTEMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 6 -
5
Fixed asset investments
2024
2023
£
£
Other investments other than loans
4,526,268
4,030,113
Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 December 2023
4,030,113
Valuation changes
344,208
Gains on investment
151,947
At 30 November 2024
4,526,268
Carrying amount
At 30 November 2024
4,526,268
At 30 November 2023
4,030,113
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
380,899
667,459
Amounts owed by group undertakings
13,829,595
11,029,639
Other debtors
(6,514)
6,290
Prepayments and accrued income
2,251,938
1,494,345
16,455,918
13,197,733
2024
2023
Amounts falling due after more than one year:
£
£
Other debtors
2,132,064
2,000,000
Total debtors
18,587,982
15,197,733
STELLAR TRADING SYSTEMS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 7 -
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
211,530
272,202
Corporation tax
(130,041)
139,034
Other taxation and social security
108,312
156,912
Other creditors
4,169
10,325
Accruals and deferred income
1,843,708
1,684,344
2,037,678
2,262,817
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of 10p each
2
2
1
1
9
Operating lease commitments
Lessee

At the reporting end date the company had annual outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
764,463
153,000
10
Parent company

The immediate parent undertaking is Stellar Trading Group Ltd, a company incorporated in the United Kingdom. The registered office of Stellar Trading Group Ltd is 46 Bow Lane, London, EC4M 9DL.

 

The ultimate controlling party is Mr S Thomas, by virtue of his 100% ownership of Stellar Trading Group Ltd.

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