ST Development Finance Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 12359341

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		899		1,370

			899		1,370
CURRENT ASSETS
Debtors	5	2,040,798		1,621,321
Cash at bank and in hand		6,976		23,240

		2,047,774		1,644,561
Creditors: Amounts Falling Due Within One Year	6	(1,682,266 )		(1,406,638 )

NET CURRENT ASSETS (LIABILITIES)			365,508		237,923

TOTAL ASSETS LESS CURRENT LIABILITIES			366,407		239,293

Creditors: Amounts Falling Due After More Than One Year	7		(1,609,662 )		(1,227,115 )

NET LIABILITIES			(1,243,255 )		(987,822 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(1,243,256 )		(987,823 )

SHAREHOLDERS' FUNDS			(1,243,255)		(987,822)

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ST Development Finance Ltd

Balance Sheet (continued)

As At 31 December 2024

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr C N Kemsley

Director

25 September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

ST Development Finance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12359341 . The registered office is Station House, Station Road, London, SW13 0HT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006

2.2. Going Concern Disclosure

At the balance sheet date the company's current liabilities exceeded its current assets. It is assumed that the

long-term creditors and other members of the group will continue to give financial support to the company to the

extent that the company will be able to continue as a going concern for at least twelve months from the date of

signing of these accounts.

On this basis the directors consider it appropriate to prepare the accounts on the going concern basis.

2.3. Turnover

Turnover represents amounts receivable for funding services.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Equipment, fixtures & fittings

25% on cost

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2023: 12)

4. Tangible Assets

	Equipment, fixtures & fittings
	£
Cost
As at 1 January 2024	1,885

As at 31 December 2024	1,885

Depreciation
As at 1 January 2024	515
Provided during the period	471

As at 31 December 2024	986

...CONTINUED

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ST Development Finance Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	899

As at 1 January 2024	1,370

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors and accrued income	2,040,798	1,621,321

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	13,226	51,228
Other creditors and accruals	1,669,040	963,653
Amounts owed to group undertakings	-	391,757

	1,682,266	1,406,638

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Amounts owed to group undertakings	1,609,662	1,227,115

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

9. Related Party Transactions

Consultancy fees include amounts paid to the directors or companies in which they have a material interest, during the year, charged at normal commercial rates, totalling £24,762 (2023: £236,238).

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