STERLING ORBIT LIMITED - Filleted accounts

Registered number

12955948

STERLING ORBIT LIMITED

Filleted Abridged Accounts

31 October 2024

STERLING ORBIT LIMITED
Registered number:		12955948
Abridged Balance Sheet
as at 31 October 2024

Notes			2024			2023
£				£
Fixed assets
Investments	4		220,492			172,718

Current assets
Debtors		228			100
Cash at bank and in hand		278			1,043
		506			1,143

Creditors: amounts falling due within one year		(107)			(107)

Net current assets			399			1,036

Total assets less current liabilities			220,891			173,754

Creditors: amounts falling due after more than one year			(187,428)			(182,158)

Provisions for liabilities			(10,632)			(2,016)


Net assets/(liabilities)			22,831			(10,420)

Capital and reserves
Called up share capital			100			100
Profit and loss account			22,731			(10,520)

Shareholder's funds			22,831			(10,420)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.




Robert Van Stuijvenberg
Director
Approved by the board on 31 October 2025

STERLING ORBIT LIMITED
Notes to the Abridged Accounts
for the year ended 31 October 2024


1	Accounting policies

	Basis of preparation
	The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	0		0


3	Deffered tax	2024		2023
£			£
	B/fwd	2,016		-
	Charged to profit and loss	8,616		2,016
	Charged to other comprehensive income	-		-

		10,632		2,016


4	Investments

Other
investments
£
	Cost
	At 1 November 2023			172,718
	Income			2,429
	Gain or loss (unrealised)			45,345

	At 31 October 2024			220,492


5	Related party transactions

	As of the balance sheet date, the company had received an inter-company loan from RVS Information Security Limited amounting to £170,000 for the purpose of investing. Interest at the rate of 3.1% per annum is payable annually. Robert Van Stuijvenberg is a shareholder and director of RVS Information Security Limited.


6	Other information

	STERLING ORBIT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	C/O Wis Accountancy Ltd
	Unit 4, Imperial Place,
	Maxwell Road, Borehamwood
	England
	WD6 1JN