Stag Technology Limited 31/12/2024 iXBRL

Company registration number: 01318516

Stag Technology Limited

Unaudited filleted financial statements

31 December 2024

Stag Technology Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Stag Technology Limited

Directors and other information


	Director	I C Leslie


	Secretary	E Fitzgerald


	Company number	01318516


	Registered office	First Floor Templeback
		10 Temple Back
		Bristol
		BS1 6FL


	Accountants	EQ Accountants Limited
		41 Charlotte Square
		Edinburgh
		EH2 4HQ




	Bankers	Lloyds TSB
		Walton-on-Thames
		Chelmsford

Stag Technology Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	1,796,575		1,796,575
Investments	6	100		100
		_______		_______
			1,796,675		1,796,675

Current assets
Cash at bank and in hand		2,133,404		2,238,493
		_______		_______
		2,133,404		2,238,493
Creditors: amounts falling due
within one year	7	( 479,777)		( 492,625)
		_______		_______
Net current assets			1,653,627		1,745,868
			_______		_______
Total assets less current liabilities			3,450,302		3,542,543

			_______		_______
Net assets			3,450,302		3,542,543
			_______		_______

Capital and reserves
Called up share capital	8		100,100		100,100
Revaluation reserve			6,020		6,020
Profit and loss account			3,344,182		3,436,423
			_______		_______
Shareholders funds			3,450,302		3,542,543
			_______		_______

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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.

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

I C Leslie

Director

Company registration number: 01318516

Stag Technology 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 ( 01318516 ). The address of the registered office is First Floor Templeback, 10 Temple Back, Bristol, BS1 6FL.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Investment properties	-	Nil %
Fittings fixtures and equipment	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset of a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transation, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost. Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.Cash at bank and in hand includes cash and short term highly liquid assets.Creditors are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Tangible assets

	Freehold property	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	1,796,575	1,075	1,797,650
	_______	_______	_______
Depreciation
At 1 January 2024 and 31 December 2024	-	1,075	1,075
	_______	_______	_______
Carrying amount
At 31 December 2024	1,796,575	-	1,796,575
	_______	_______	_______
At 31 December 2023	1,796,575	-	1,796,575
	_______	_______	_______

Investment property

The company's investment properties were revalued by the director on 31 December 2021 on an open market value basis. The director considers that the open market values of the investment properties at 31 December 2024 are not materially different to that valuation. The historic cost of the investment properties was £1,790,554.

6. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	100	100
	_______	_______
Impairment
At 1 January 2024 and 31 December 2024	-	-
	_______	_______
Carrying amount
At 31 December 2024	100	100
	_______	_______
At 31 December 2023	100	100
	_______	_______

Investments in group undertakings
	Registered office	Class of share	Percentage of shares held
Subsidiary undertakings
Trilog Ltd	First Floor Templeback, 10 Temple Back, Bristol BS1 6FL		98

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Other creditors	479,777	492,625
	_______	_______

8. Called up share capital

Issued, called up and fully paid

	2024		2023
	No	£	No	£
Ordinary shares of £ 1.00 each	100,000	100,000	100,000	100,000
Ordinary A shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______
	100,100	100,100	100,100	100,100
	_______	_______	_______	_______

9. Directors advances, credits and guarantees

Included in other creditors is a loan to the company from the director of £35,159 (2023: £55,038). The loan is interest free and repayable on demand.

10. Related party transactions

As at the balance sheet date the company owed £56,572 (2023: £56,572) to Trilog Ltd, which Mr I C Leslie is also a director.