REGISTERED NUMBER: 10041591 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

STARK JAMES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr R J Stanton-Gleaves

SECRETARY:

Mrs V Billingsley

REGISTERED OFFICE:

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

REGISTERED NUMBER:

10041591 (England and Wales)

ACCOUNTANTS:

Raffingers Holdings Limited

Chartered Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

4

2,211

4,422

CURRENT ASSETS

Debtors

5

129,820

93,477

Cash at bank

44,054

43,659

173,874

137,136

CREDITORS

Amounts falling due within one year

6

323,399

242,979

NET CURRENT LIABILITIES

(149,525

)

(105,843

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(147,314

)

(101,421

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(147,315

)

(101,422

)

SHAREHOLDERS' FUNDS

(147,314

)

(101,421

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18 August 2025 and were signed by:

Mr R J Stanton-Gleaves - Director

1.	STATUTORY INFORMATION

Stark James Ltd 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.

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.

The accounts have been prepared on the going concern basis as the director is of the opinion that the company will meet its liabilities as and when due, due to the continued support of the director.

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

-

20% on cost

Computer equipment

-

33% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

11,055

14,290

25,345

DEPRECIATION

At 1 January 2024

6,633

14,290

20,923

Charge for year

2,211

-

2,211

At 31 December 2024

8,844

14,290

23,134

NET BOOK VALUE

At 31 December 2024

2,211

-

2,211

At 31 December 2023

4,422

-

4,422

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

129,820

63,477

Other debtors

-

30,000

129,820

93,477

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

11,949

5,118

Amounts owed to group undertakings

277,802

235,622

Taxation and social security

30,942

2,221

Other creditors

2,706

18

323,399

242,979

7.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption as per paragraph 33.1A of FRS 102 Related Party Disclosure, not to disclose related party transaction with wholly owned subsidiaries within the group.

Included within trade debtors, is a balance amounting to nil (2023: £64,000) owed by SG Rayner Homes Limited, £123,847 (2023: nil) owed by Bromley FC (95) Limited, £1,500 (2023: nil) owed by Turner Tools Limited and £437 (2023: £437) owed by Black Opal Travel Group Limited, companies connected by virtue of common control.

During the year, the company invoiced fees of £103,206 (2023: nil) to Bromley FC (95) Limited, £220,000 (2023: £336,771) to SG Rayner Homes Limited and £10,225 (2023: nil) to Turner Tools Limited and nil (2023: £364) to Black Opal Travel Group Limited.

8.	AUDIT EXEMPTION PROVIDED TO CERTAIN SUBSIDIARY UNDERTAKINGS

The Company has been provided with guarantees by its holding company over their debts in accordance with Section 479(C) of Companies Act 2006 allowing them to claim an exemption from an audit in accordance with 479(A) of Companies Act 2006. These guarantees cover all of the outstanding actual and contingent liabilities as at 31 December 2024.