2 29 August 2025 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 14666622 2024-01-01 2024-12-31 14666622 2024-12-31 14666622 2023-12-31 14666622 2023-02-16 2023-12-31 14666622 2023-12-31 14666622 2023-02-15 14666622 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 14666622 bus:Director1 2024-01-01 2024-12-31 14666622 core:WithinOneYear 2024-12-31 14666622 core:ShareCapital 2024-12-31 14666622 core:ShareCapital 2023-12-31 14666622 core:RetainedEarningsAccumulatedLosses 2024-12-31 14666622 bus:SmallEntities 2024-01-01 2024-12-31 14666622 bus:Audited 2024-01-01 2024-12-31 14666622 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14666622 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14666622 bus:FullAccounts 2024-01-01 2024-12-31 14666622 bus:OrdinaryShareClass1 2024-12-31 14666622 bus:OrdinaryShareClass1 2023-12-31 14666622 1 2024-01-01 2024-12-31 14666622 core:OtherMembersGroupNotDefinedElsewhere 2024-01-01 2024-12-31
COMPANY REGISTRATION NUMBER: 14666622
Stax Capital Limited
Filleted Financial Statements
31 December 2024
Stax Capital Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Current assets
Debtors
5
449,336
–
Cash at bank and in hand
82,458
10
---------
----
531,794
10
Creditors: amounts falling due within one year
6
641,250
–
---------
----
Net current (liabilities)/assets
( 109,456)
10
---------
----
Total assets less current liabilities
( 109,456)
10
---------
----
Net (liabilities)/assets
( 109,456)
10
---------
----
Capital and reserves
Called up share capital
7
10
10
Profit and loss account
( 109,466)
–
---------
----
Shareholders (deficit)/funds
( 109,456)
10
---------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 29 August 2025 , and are signed on behalf of the board by:
J Brooks
Director
Company registration number: 14666622
Stax Capital Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 48-52 Penny Lane, Mossley Hill, Liverpool, Merseyside, L18 8DG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: Nil).
5. Debtors
2024
2023
£
£
Trade debtors
449,336
–
---------
----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
4,227
–
Amounts owed to group undertakings and undertakings in which the company has a participating interest
630,326
–
Social security and other taxes
2,554
–
Other creditors
4,143
–
---------
----
641,250
–
---------
----
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
10
10
10
10
----
----
----
----
8. Events after the end of the reporting period
On 29th April 2025 the share capital of WeDo Loans Limited was sold to Stax Capital Holdings Limited. On the same date the company’s name was changed to Stax Capital Limited .
9. Summary audit opinion
The auditor's report dated 29 August 2025 was qualified on the following basis:
The comparative information presented as at and for the year ended 31 December 2023 is misstated. The company did not restate prior year figures to correct an error relating to revenue and associated costs of £20,522. Accordingly, the comparative figures do not comply with the requirements of FRS 102 in relation to correction of prior period errors. Our opinion on the current periods financial statements is modified because of the effects of this matter on the comparability of the current period's financial statements with those of the prior year. The senior statutory auditor was Julie Curtis FCA , for and on behalf of Allen, West and Foster Limited .
10. Related party transactions
The company has taken advantage of the exemption to disclose transactions with the parent company and other subsidiaries.
11. Controlling party
WeDo Loans Limited is a subsidiary of WeDo Business Finance Limited (formerly WeDo Business Services Limited) whose registered office is Suites 3 and 4, Annie Kenney Mill, Hudson Street, Oldham, OL9 7FQ. The company is consolidated within the accounts of the parent company which are available from Companies House. The ultimate controlling party is Mark Lindsay, majority shareholder of WeDo Business Finance Limited.