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Registered number: 01507854
Staiano Motor Cycles Limited
Unaudited Financial Statements
For The Year Ended 30 January 2025
Jackson Whitwham Accountants LLP
Chartered Certified Accountants
Unit 9 Innovation Centre
Conyngham Hall
Knaresborough
North Yorkshire
HG5 9AY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01507854
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 116,723 116,723
Investment Properties 5 895,000 895,000
Investments 6 100 100
1,011,823 1,011,823
CURRENT ASSETS
Debtors 7 1,256,764 754,638
Cash at bank and in hand 40,071 528,171
1,296,835 1,282,809
Creditors: Amounts Falling Due Within One Year 8 (29,668 ) (50,591 )
NET CURRENT ASSETS (LIABILITIES) 1,267,167 1,232,218
TOTAL ASSETS LESS CURRENT LIABILITIES 2,278,990 2,244,041
PROVISIONS FOR LIABILITIES
Deferred Taxation (115,442 ) (115,442 )
NET ASSETS 2,163,548 2,128,599
CAPITAL AND RESERVES
Called up share capital 9 7,500 7,500
Share premium account 33,816 33,816
Capital redemption reserve 2,500 2,500
Profit and Loss Account 2,119,732 2,084,783
SHAREHOLDERS' FUNDS 2,163,548 2,128,599
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For the year ending 30 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Staiano
Director
25 July 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Staiano Motor Cycles Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01507854 . The registered office is 39 High Street, Starbeck, North Yorkshire, HG2 7LQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% cost
Plant & Machinery 25% reducing balance method
Motor Vehicles 25% reducing balance method
Fixtures & Fittings 15% reducing balance method
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 2)
1 2
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 30 January 2024 224,243
As at 30 January 2025 224,243
Depreciation
As at 30 January 2024 107,520
As at 30 January 2025 107,520
Net Book Value
As at 30 January 2025 116,723
As at 30 January 2024 116,723
5. Investment Property
2025
£
Fair Value
As at 30 January 2024 and 30 January 2025 895,000
6. Investments
Subsidiaries
£
Cost or Valuation
As at 30 January 2024 100
As at 30 January 2025 100
Provision
As at 30 January 2024 -
As at 30 January 2025 -
Net Book Value
As at 30 January 2025 100
As at 30 January 2024 100
7. Debtors
2025 2024
£ £
Due within one year
Directors' loan accounts 529,810 -
Amounts owed by other participating interests 40,850 68,534
570,660 68,534
Due after more than one year
Amounts owed by group undertakings 686,104 686,104
1,256,764 754,638
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Page 5
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 29,668 25,092
Directors' loan accounts - 1,000
Amounts owed to other participating interests - 24,499
29,668 50,591
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 7,500 7,500
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 30 January 2024 Amounts advanced Amounts repaid Amounts written off As at 30 January 2025
£ £ £ £ £
Mr Michael Staiano - 129,810 - - 129,810
Mr Simon Staiano - 400,000 - - 400,000
The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
Staiano Motor Cycles (Racing) LtdA company under the same ownership as the director M P StaianoAmounts due from/owed to the company £40,849 (£68,534 - 2024)

Staiano Motor Cycles (Racing) Ltd

A company under the same ownership as the director M P Staiano

Amounts due from/owed to the company £40,849 (£68,534 - 2024)

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