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Company Registration No. 07878717 (England and Wales)
Stateinvest Limited Unaudited accounts for the year ended 31 December 2024
Stateinvest Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Stateinvest Limited Company Information for the year ended 31 December 2024
Director
Joel Fried
Company Number
07878717 (England and Wales)
Registered Office
115 Craven Park Road London N15 6BL England
Accountants
MAP Accounting Limited 26 Oakfield Avenue Harrow HA3 8TJ
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Stateinvest Limited Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Investment property
4
637,348
637,348
Current assets
Debtors
5
4,236,854
4,259,386
Cash at bank and in hand
-
33
4,236,854
4,259,419
Creditors: amounts falling due within one year
6
(25,418)
(28,211)
Net current assets
4,211,436
4,231,208
Total assets less current liabilities
4,848,784
4,868,556
Creditors: amounts falling due after more than one year
7
(3,974,203)
(3,978,903)
Net assets
874,581
889,653
Capital and reserves
Called up share capital
1
1
Revaluation reserve
128,115
128,115
Profit and loss account
746,465
761,537
Shareholders' funds
874,581
889,653
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 October 2025 and were signed on its behalf by
Joel Fried Director Company Registration No. 07878717
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Stateinvest Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Stateinvest Limited is a private company, limited by shares, registered in England and Wales, registration number 07878717. The registered office is 115 Craven Park Road, London, N15 6BL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024
£
Fair value at 1 January 2024
637,348
At 31 December 2024
637,348
Fair value at 29 December 2022 is represented by: £ Valuation in 2012 284,643 Valuation in 2013 1,162,637 Valuation in 2015 (558,569 ) Valuation in 2016 (400,711 ) Valuation in 2019 (359,885 ) Cost 509,233 637,348
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Stateinvest Limited Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
-
5,132
Other debtors
500,314
517,714
500,314
522,846
Amounts falling due after more than one year
Other debtors
3,736,540
3,736,540
6
Creditors: amounts falling due within one year
2024
2023
£
£
Taxes and social security
25,418
17,825
Other creditors
-
10,386
25,418
28,211
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
299,638
304,338
Other creditors
3,674,565
3,674,565
3,974,203
3,978,903
8
Controlling party
The ultimate controlling party is D Biton.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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