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Company registration number: 14111801
| UNAUDITED FINANCIAL STATEMENTS
| FOR THE YEAR ENDED 31 DECEMBER 2024
| STELLAR BLU SOLUTIONS LTD
STELLAR BLU SOLUTIONS LTD |  |
COMPANY INFORMATION
Directors | R Levin (appointed 3 April 2025)
| G Benyamini (appointed 3 April 2025)
Registered number | 14111801
Registered office | 1 Bow Churchyard
| London
| EC4M 9DQ
Accountants | Menzies LLP
| Chartered Accountants
| 4th Floor
| 95 Gresham Street
| London
| EC2V 7AB
STELLAR BLU SOLUTIONS LTD REGISTERED NUMBER:14111801 |  |
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Intangible assets | 4 |  | - |  | -
Tangible assets | 5 |  | - |  | -
|  |  | - |  | -
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 275,639 |  | 175,716 |
Cash at bank and in hand |  | 129,906 |  | 14,097 |
|  | 405,545 |  | 189,813 |
Creditors: amounts falling due within one year | 7 | (473,432) |  | (219,285) |
Net current liabilities |  |  | (67,887) |  | (29,472)
Total assets less current liabilities |  |  | (67,887) |  | (29,472)
Net liabilities |  |  | (67,887) |  | (29,472)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | (67,888) |  | (29,473)
|  |  | (67,887) |  | (29,472)
Page 1
STELLAR BLU SOLUTIONS LTD REGISTERED NUMBER:14111801 |  |
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2024 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 December 2025.
G Benyamini
Director
The notes on pages 3 to 7 form part of these financial statements. Page 2
STELLAR BLU SOLUTIONS LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Stellar Blu Solutions Ltd is a private company, limited by shares, incorporated in England and Wales, company registration number 14111801. The registered office of the company can be found on the company information page.The trading address is the same as the registered office. 2. Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Going concern
As at the year end the company has net liabilities of £67,887 (2023: £29,472). The parent company has confirmed that they will continue to provide financial support so that the company will be able to meet the creditors as they fall due.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
| 2.4 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is generated by providing services that certify customer designchanges to aircraft, ensuring regulatory compliance and measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Page 3
STELLAR BLU SOLUTIONS LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2. Accounting policies (continued)
| 2.5 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
| 2.6 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
| 2.7 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
| 2.8 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Office equipment | - | 50% | straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. Page 4
STELLAR BLU SOLUTIONS LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2. Accounting policies (continued)
| 2.9 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
3. | Employees
| The average monthly number of employees, including directors, during the year was 4 (2023 - 4).
Page 5
STELLAR BLU SOLUTIONS LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. | Intangible assets
|  | Goodwill
|  | £
| Cost |
| At 1 January 2024 | 36,497
| At 31 December 2024 | 36,497
| Amortisation |
| At 1 January 2024 | 36,497
| At 31 December 2024 | 36,497
| Net book value |
| At 31 December 2024 | -
| At 31 December 2023 | -
5. | Tangible fixed assets
|  | Office equipment
|  | £
| Cost or valuation |
| At 1 January 2024 | 4,500
| At 31 December 2024 | 4,500
| Depreciation |
| At 1 January 2024 | 4,500
| At 31 December 2024 | 4,500
| Net book value |
| At 31 December 2024 | -
| At 31 December 2023 | -
Page 6
STELLAR BLU SOLUTIONS LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
6. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 224,347 | 24,782
| Amounts owed by group undertakings | 40,362 | -
| Current assets | 9,895 | -
| Prepayments and accrued income | 1,035 | 150,934
|  | 275,639 | 175,716
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade creditors | 50,049 | 78,875
| Amounts owed to group undertakings | 172,316 | 90,382
| Corporation tax | - | 17,546
| Other taxation and social security | - | 8,861
| Other creditors | 16,448 | 18,671
| Accruals and deferred income | 234,619 | 4,950
|  | 473,432 | 219,285
8. | Related party transactions
| The company is exempt from disclosing related party transactions as they are with other companies that are wholly owned within the Group.
9. | Controlling party
The parent of the smallest group for which consolidated financial statements are drawn up is Stellar Blu Solutions LLC, a company registered in United States. The registered office of Stellar Blu Solutions LLC is 2060 Eagle Pkwy, Fort Worth TX 76177, United States.
Page 7