REGISTERED NUMBER: 03445017 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Sterling Computer Contracting Limited

Page

Statement of financial position

1

to

2

Notes to the financial statements

3

to

7

Fixed assets

Tangible assets

5

132

1,159

Investment property

6

465,000

493,000

465,132

494,159

Current assets

Debtors

7

1,471

1,315

Investments

8

655

655

Cash at bank and in hand

3,846

23,865

5,972

25,835

Creditors

Amounts falling due within one year

9

68,147

7,489

Net current (liabilities)/assets

(62,175

)

18,346

Total assets less current liabilities

402,957

512,505

Creditors

Amounts falling due after more than one year

10

-

(89,495

)

Provisions for liabilities

(29,900

)

(37,120

)

Net assets

373,057

385,890

Capital and reserves

Called up share capital

12

2

2

Fair value reserve

13

144,805

165,805

Retained earnings

228,250

220,083

Shareholders' funds

373,057

385,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 4 November 2025 and were signed by:

R J Pile - Director

1.	Statutory information

Sterling Computer Contracting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03445017

Registered office:

Suite 78

4 Blenheim Court

Peppercorn Close

Peterborough

Cambridgeshire

PE1 2DU

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer & office equipmt

-

25% on reducing balance

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible asset includes directly attributable incremental costs incurred in their acquisition and installation.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

4.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

5.	Tangible fixed assets

Computer

& office

equipmt

£

Cost

At 1 April 2024

3,139

Disposals

(1,973

)

At 31 March 2025

1,166

Depreciation

At 1 April 2024

1,980

Charge for year

173

Eliminated on disposal

(1,119

)

At 31 March 2025

1,034

Net book value

At 31 March 2025

132

At 31 March 2024

1,159

6.	Investment property

Total

£

Fair value

At 1 April 2024

493,000

Revaluations

(28,000

)

At 31 March 2025

465,000

Net book value

At 31 March 2025

465,000

At 31 March 2024

493,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2016

98,705

Valuation in 2020

20,000

Valuation in 2021

18,000

Valuation in 2022

36,000

Valuation in 2023

28,000

Valuation in 2024

2,000

Valuation in 2025

(28,000

)

Cost

290,295

465,000

Investment property was valued on fair value basis on 31 March 2025 by the director .

7.

Debtors: amounts falling due within one year

2025

2024

£

£

Other debtors - rental deposit

1,315

1,315

Prepayments

156

-

1,471

1,315

8.	Current asset investments

2025

2024

£

£

Unlisted investments

655

655

9.

Creditors: amounts falling due within one year

2025

2024

£

£

Corporation tax

2,222

1,734

Other creditors - rent deposit

1,315

1,315

Directors' loan accounts

62,949

2,637

Deferred income

1,000

1,143

Accrued expenses

661

660

68,147

7,489

10.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

-

89,495

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

-

89,495

11.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

89,495

Loan over 5 years represents interest only mortgage on investment properties. This loan was repaid in full on 03.10.24.

Bank loan was secured on the assets of the company.

12.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary shares

£1

2

2

13.

Reserves

Fair

value

reserve

£

At 1 April 2024

165,805

Fair value reserve - property

revaluation

(28,000

)

Fair value reserve - property

deferred tax

7,000

At 31 March 2025

144,805