REGISTERED NUMBER: 16025092 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

17TH OCTOBER 2024 TO 31ST DECEMBER 2024

FOR

STL 2024 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T West

S West

L West

REGISTERED OFFICE:

Sandall Stones Road

Kirk Sandall Inustrial Estate

Doncaster

South Yorkshire

DN3 1QR

REGISTERED NUMBER:

16025092 (England and Wales)

ACCOUNTANTS:

Leesing Marrison Lee & Co

Chartered Certified Accountants

46 Main Street

Mexborough

South Yorkshire

S64 9DU

FIXED ASSETS

Investments

4

8,680,650

CURRENT ASSETS

Debtors

5

118,985

CREDITORS

Amounts falling due within one year

6

1,644,956

NET CURRENT LIABILITIES

(1,525,971

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,154,679

CREDITORS

Amounts falling due after more than one year

7

2,412,000

NET ASSETS

4,742,679

CAPITAL AND RESERVES

Called up share capital

5,868,411

Retained earnings

(1,125,732

)

SHAREHOLDERS' FUNDS

4,742,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

T West - Director

1.	STATUTORY INFORMATION

STL 2024 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Taxation

Taxation for the period 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 period 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 period was NIL.

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

9,780,412

Impairments

(1,099,762

)

At 31st December 2024

8,680,650

NET BOOK VALUE

At 31st December 2024

8,680,650

During the year, the company acquired 100% of S.T.L Trading Holdings Limited via a share-for-share exchange. The consideration of £9,780,412 was satisfied entirely by the issue of equity shares. No cash consideration was paid.

The investment is stated at cost less provision for impairment. At 31 December 2024, the directors assessed the recoverable amount of the investment and concluded that an impairment charge of £1,099,762 was required.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed by group undertakings

118,985

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

1,644,956

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

2,412,000

8.

LOANS

An analysis of the maturity of loans is given below:

£

Amounts falling due between two and five years:

Debentures - 2-5 years

2,412,000

During the year, two shareholders of STL 2024 Limited converted £3.912 million of ordinary shares into an equivalent amount of debentures. An amount of £1.5 million was repaid, leaving a balance of £2.412 million which are repayable on 29 October 2029. Interest in the amount of £25,970 has been paid, the interest rate is considered to be on commercial terms and reflects market rates that would be available to the company in an equivalent financing arrangement with a third party.

9.	RELATED PARTY DISCLOSURES

During the period, total dividends of £227,155 were paid to the directors .

The directors are interested as directors in S.T.L Trading Company Limited, S.T.L Trading Holdings Limited and S.T.L Assets Limited.

The company received a dividend of £227,155 from S.T.L Trading Holdings Limited and at the balance sheet date and amount of £118,985 is due to the company and is included in Other Debtors.

During the year the company received a loan of £1,500,000 from S.T.L Assets Limited which is outstanding at the end of the year.

10.	ULTIMATE CONTROLLING PARTY

The directors, owing the majority of the issued share capital, exercised control over the company.