REGISTERED NUMBER: 03026889

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Stamos of Mayfair Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr Ioannis Sotirakos

REGISTERED OFFICE:

10A Aldermans Hill

Palmers Green

London

England

N13 4PJ

REGISTERED NUMBER:

03026889

ACCOUNTANTS:

Chris Pantazis Ltd T/A CPS & Co

Chartered Accountants

10A Aldermans Hill

Palmers Green

London

N13 4PJ

FIXED ASSETS

Tangible assets

4

2,417,237

2,423,134

CURRENT ASSETS

Debtors

5

35,294

177,820

Cash at bank

887,748

697,673

923,042

875,493

CREDITORS

Amounts falling due within one year

6

285,484

309,021

NET CURRENT ASSETS

637,558

566,472

TOTAL ASSETS LESS CURRENT LIABILITIES

3,054,795

2,989,606

CREDITORS

Amounts falling due after more than one year

7

1,935,435

1,916,272

NET ASSETS

1,119,360

1,073,334

CAPITAL AND RESERVES

Called up share capital

9

20,000

20,000

Retained earnings

10

1,099,360

1,053,334

SHAREHOLDERS' FUNDS

1,119,360

1,073,334

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 29 September 2025 and were signed by:

Mr Ioannis Sotirakos - Director

1.	STATUTORY INFORMATION

Stamos of Mayfair Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

2,399,548

57,595

211,251

55,950

2,724,344

DEPRECIATION

At 1 January 2024

-

56,343

193,896

50,971

301,210

Charge for year

-

313

4,339

1,245

5,897

At 31 December 2024

-

56,656

198,235

52,216

307,107

NET BOOK VALUE

At 31 December 2024

2,399,548

939

13,016

3,734

2,417,237

At 31 December 2023

2,399,548

1,252

17,355

4,979

2,423,134

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

-

156,899

Tax

32,126

19,213

VAT

3,168

1,708

35,294

177,820

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Social security and other taxes

-

280

Other creditors

280,472

304,729

Braclaycard

12

12

Accrued expenses

5,000

4,000

285,484

309,021

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other loans (see note 8)

1,935,435

1,916,272

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

1,935,435

1,916,272

8.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

1,935,435

1,916,272

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

20,000

Ordinary

£1.00

20,000

20,000

10.

RESERVES

Retained

earnings

£

At 1 January 2024

1,053,334

Profit for the year

46,026

At 31 December 2024

1,099,360