REGISTERED NUMBER: 14269914 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

S.T.L. ASSETS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J West

L West

S West

T West

REGISTERED OFFICE:

Blue Diamond House

Sandall Stones Road

Kirk Sandall Industrial Estate

Doncaster

South Yorkshire

DN3 1QR

REGISTERED NUMBER:

14269914 (England and Wales)

ACCOUNTANTS:

Leesing Marrison Lee & Co

Chartered Certified Accountants

46 Main Street

Mexborough

South Yorkshire

S64 9DU

FIXED ASSETS

Tangible assets

4

32,645

15,843

Investments

5

-

1,000

Investment property

6

2,230,991

2,779,761

2,263,636

2,796,604

CURRENT ASSETS

Debtors

7

1,729,633

2,577

Cash at bank

792,521

1,305,578

2,522,154

1,308,155

CREDITORS

Amounts falling due within one year

8

267,671

263,938

NET CURRENT ASSETS

2,254,483

1,044,217

TOTAL ASSETS LESS CURRENT LIABILITIES

4,518,119

3,840,821

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

4,517,119

3,839,821

4,518,119

3,840,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 8th September 2025 and were signed on its behalf by:

T West - Director

1.	STATUTORY INFORMATION

S.T.L. Assets Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Fixtures and fittings

-

33% on cost and 10% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st January 2024

19,255

Additions

20,562

At 31st December 2024

39,817

DEPRECIATION

At 1st January 2024

3,412

Charge for year

3,760

At 31st December 2024

7,172

NET BOOK VALUE

At 31st December 2024

32,645

At 31st December 2023

15,843

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2024

1,000

Disposals

(1,000

)

At 31st December 2024

-

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

1,000

On 4 April 2024, the company transferred its wholly owned subsidiary, S.T.L Trading Company Limited, to its parent company, S.T.L Assets Holdings Limited, by way of a dividend in specie. The transaction formed part of a wider group demerger process. The carrying amount of the investment in S.T.L Trading Company Limited at the date of transfer was £1,000.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

2,779,761

Additions

91,181

Disposals

(639,951

)

At 31st December 2024

2,230,991

NET BOOK VALUE

At 31st December 2024

2,230,991

At 31st December 2023

2,779,761

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

41,665

530

Other debtors

1,687,968

2,047

1,729,633

2,577

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

9,691

-

Taxation and social security

220,749

88,438

Other creditors

37,231

175,500

267,671

263,938

9.	RELATED PARTY DISCLOSURES

Directors S West, T West and L West are interested as directors in S.T.L Trading Company Limited, STL 2024 Limited and S.T.L Assets Holdings Limited. J West is also interested as director in S.T.L Asset Holdings Limited.

During the year the company received rent of £300,000 (2023: £200,000) and no dividends (2023: £1,138,554) from S.T.L Trading Company Limited. At the balance sheet date, amounts of £30,000 and £184,779 were due to the company and included in Trade Debtors (2023: £nil) and Other Debtors (2023: £nil) respectively. Interest of £3,864 (2023: £nil) was received in respect of the loan.

A loan of £1,500,000 was made to STL 2024 Limited during the year. It is outstanding at the balance sheet date and is included in Other Debtors.

On 4 April 2024, S.T.L Assets Holdings Limited acquired the company's entire share capital. On the same date, the company transferred its wholly owned subsidiary, S.T.L Trading Company Limited, to its parent company, S.T.L Assets Holdings Limited, by way of a dividend in specie. The transaction formed part of a wider group demerger process. The carrying amount of the investment in S.T.L Trading Company Limited at the date of transfer was £1,000, which was recognised as a dividend declared to S.T.L Assets Holdings Limited.

This transaction was between group entities and not on an arm’s length basis.

10.	ULTIMATE CONTROLLING PARTY

During the year, the entire share capital was acquired by S.T.L Asset Holdings Limited.

The directors owning the majority of the issued share capital of the controlling party, exercise control over the company.