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Registered number: 12964311
Stalwart Luxury Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 12964311
2025 2024
Notes
FIXED ASSETS
Investments 4 5,013,982 5,013,982
5,013,982 5,013,982
CURRENT ASSETS
Debtors 5 - 942,726
Investments 6 4,173,000 -
Cash at bank and in hand 23,485 3,785
4,196,485 946,511
Creditors: Amounts Falling Due Within One Year 7 (104,337 ) (6,950 )
NET CURRENT ASSETS (LIABILITIES) 4,092,148 939,561
TOTAL ASSETS LESS CURRENT LIABILITIES 9,106,130 5,953,543
Creditors: Amounts Falling Due After More Than One Year 8 (300,000 ) (372,428 )
NET ASSETS 8,806,130 5,581,115
CAPITAL AND RESERVES
Called up share capital 9 601,095 601,095
Revaluation reserve 10 5,010,982 5,010,982
Profit and Loss Account 3,194,053 (30,962 )
SHAREHOLDERS' FUNDS 8,806,130 5,581,115
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Ishita Khosla
Director
14 November 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Stalwart Luxury Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12964311 . The registered office is Office No: 202 Devonshire House,, 582 Honeypot Lane, Stanmore, HA7 1JS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The company has support from the shareholder for any funding requirments. The director has confirmed continued support and consider the company retains sufficient working capital to continue trading for the foreseeable future. The director continues to believe that the going concern basis of accounting is appropriate in preparing the financial statements.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into euros at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euros at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.5. Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertaking comprise a small group.
2.6. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
Page 2
Page 3
4. Investments
Unlisted
Cost or Valuation
As at 1 April 2024 5,013,982
As at 31 March 2025 5,013,982
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 5,013,982
As at 1 April 2024 5,013,982
5. Debtors
2025 2024
Due within one year
Amounts owed by group undertakings - 925,000
Other debtors - 17,726
- 942,726
6. Current Asset Investments
2025 2024
Short term deposits 4,173,000 -
7. Creditors: Amounts Falling Due Within One Year
2025 2024
Amounts owed to participating interests 96,428 -
Other creditors 7,068 6,950
Taxation and social security 841 -
104,337 6,950
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
Amounts owed to group undertakings 300,000 372,428
9. Share Capital
2025 2024
Allotted, Called up and fully paid 601,095 601,095
Page 3
Page 4
10. Reserves
Revaluation reserve Profit and Loss Account
As at 1 April 2024 5,010,982 (30,962 )
Profit for the year and total comprehensive income - 3,225,015
As at 31 March 2025 5,010,982 3,194,053
11. Audit Information
The auditor's report on the accounts of Stalwart Luxury Limited for the year ended 31 March 2025 was unqualified.
The auditor's report was signed by Devender Arora FCA (Senior Statutory Auditor) for and on behalf of The Corporate Practice Limited , Statutory Auditor.
The Corporate Practice Limited
Chartered Accountants and Statutory Auditors
65 Delamere Road
Hayes
Middlesex
UB4 0NN
Page 4