Registered number
15266613
Sterling Property Direct Ltd
Filleted Accounts
30 November 2024

Sterling Property Direct Ltd
Registered number: | 15266613
Balance Sheet
as at 30 November 2024
Notes |  |  | 2024 |
£ |
Fixed assets
Tangible assets | 3 |  |  | 131,266
Current assets
Cash at bank and in hand |  |  | 1,802
Creditors: amounts falling due within one year | 4 |  | (96,551)
Net current liabilities |  |  |  | (94,749) |
Total assets less current liabilities |  |  |  | 36,517 |
Creditors: amounts falling due after more than one year | 5 |  |  | (38,649)
Net liabilities |  |  |  | (2,132) |
Capital and reserves
Called up share capital |  |  |  | 1
Profit and loss account |  |  |  | (2,133)
Shareholder's funds |  |  |  | (2,132) |
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mohammed Alam
Director
Approved by the board on 3 September 2025

Sterling Property Direct Ltd
Notes to the Accounts
for the period from 7 November 2023 to 30 November 2024
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Freehold buildings | over 50 years
| Leasehold land and buildings | over the lease term
| Plant and machinery | over 5 years
| Fixtures, fittings, tools and equipment | over 5 years
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 | Employees | 2024 |
Number |
| Average number of persons employed by the company | 0
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Land and buildings
£
| Cost
| Additions | 131,266
| At 30 November 2024 | 131,266
| Depreciation
| At 30 November 2024 | -
| Net book value
| At 30 November 2024 | 131,266
4 | Creditors: amounts falling due within one year | 2024 |
£ |
| Bank loans and overdrafts | 96,001
| Trade creditors | 550
|  |  |  |  |  | 96,551 |
5 | Creditors: amounts falling due after one year | 2024 |
£ |
| Other creditors - Directors loan | 38,649
6 | Other information
| Sterling Property Direct Ltd is a private company limited by shares and incorporated in England. Its registered office is:
| 25a Wellington Road
| Handsworth
| B20 2DU

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