Registration number: 11135497

Stor Services Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Stor Services Ltd

Company Information

Directors

A A Ahsan G Brintalos

Registered office

14 Old Queen Street London SW1H 9HP

Accountants

Carbon Accountancy Limited Chartered Accountants80-83 Long Lane London EC1A 9ET

Stor Services Ltd

(Registration number: 11135497)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Current assets
Debtors	4	4,018,052	2,063,614
Cash at bank and in hand		252,208	147,359
		4,270,260	2,210,973
Creditors: Amounts falling due within one year	5	(2,530,972)	(1,160,377)
Net assets		1,739,288	1,050,596
Capital and reserves
Retained earnings		1,739,288	1,050,596
Shareholders' funds		1,739,288	1,050,596

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... A A Ahsan Director

......................................... G Brintalos Director

Stor Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
14 Old Queen Street
London
SW1H 9HP
England

These financial statements were authorised for issue by the Board on 30 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Financial Reporting Standard 102 (FRS 102) Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis under the historical cost convention.

The financial statements are presented in pounds sterling.

Going concern

The directors are satisfied that the Company has adequate resources to continue in operational existence for the foreseeable future and therefore adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover mainly represents recharge of costs to group companies. Revenue is recognised in the period in which the related expenses are incurred, on an accrual basis.

Turnover is presented net of value added tax and other sales taxes.

Finance income and costs policy

Finance costs are recognised in profit or loss using the effective interest method over the term of the related borrowing.

Foreign currency transactions and balances

Transactions in foreign currencies are translated into sterling at the exchange rate on the transaction date. Monetary assets and liabilities denominated in foreign currencies are translated at the closing rate at the reporting date. Exchange differences arising on settlement or retranslation of monetary items are recognised in profit or loss.

Stor Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Tax

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of timing differences between accounting and taxable profits, to the extent that it is probable they will reverse against future taxable profits. Deferred tax assets are recognised only when their recovery is probable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Financial instruments

The financial instruments comprise debtors and creditors arising from its operations, together with convertible loan notes, other loans and directors’ loans.

Debtors (including trade debtors, acquired debtors, amounts owed by convertible loan notes, and prepayments) are measured at transaction price less any impairment.

Creditors (including trade creditors, amounts due to customers, other creditors, taxation and social security, accruals and loans) are measured at transaction price or at amortised cost where applicable.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2023 - 12).

4

Debtors

	Note	2024 £	2023 £
Trade debtors		-	15,814
Amounts owed by group undertakings and undertakings in which the company has a participating interest	7	3,989,041	1,636,691
Prepayments		26,467	-
Other debtors		2,544	411,109
		4,018,052	2,063,614

Stor Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

5

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Trade creditors		162,047	224,374
Amounts owed to group undertakings and undertakings in which the company has a participating interest	7	2,320,030	745,610
Taxation and social security		453	22,292
Accruals and deferred income		40,474	160,575
Other creditors		7,968	7,526
		2,530,972	1,160,377

6	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary share of £0.01 each	1	0.01	1	0.01

7	Related party transactions

Summary of transactions with parent

Total amount of £2,173,164 (2023: £598,743) due to Stor Holdings Limited, a parent company, included £2,113,835 (2023: £578,510) in respect of an interest bearing loan which is repayable on demand and trade payables of £59,329 (2023: £20,233).

During the year the company paid £73,500 (2023: £102,521) in respect of the loan interest and nil (2023: £nil) of management charges to the parent company Stor Holdings Limited.

Summary of transactions with subsidiaries

At the end of the year, the company was owed £3,989,041 (2023: £1,636,691) by Stor RB One Ltd in respect of trade receivables .
Included in amounts owed to group undertakings is £146,866 (2023: £146,867) due to Stor RB One Ltd.
Stor RB One Ltd is a company that is part of the group headed by Stor Holdings Ltd.

During the year the company paid £204,029 (2023: £154,302) of management charges to Storfund Inc.
Included in trade creditors is £21,882 (2023: £38,944) due to Storfund Inc.,
Storfund Inc. is a company that is part of the group headed by Stor Holdings Ltd.

Stor Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

8	Parent and ultimate parent undertaking

The company's immediate parent is Stor Holdings Limited, incorporated in England. Parent registered office address is 14 Old Queen Street, London, SW1H 9HP.