Company registration number 04380988 (England and Wales)
STELLA SOUTH 2002 LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
STELLA SOUTH 2002 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
STELLA SOUTH 2002 LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
150,000
150,000
Creditors: amounts falling due within one year
3
(219,233)
(213,529)
Net current liabilities
(69,233)
(63,529)
Capital and reserves
Called up share capital
4
1
1
Profit and loss reserves
(69,234)
(63,530)
Total equity
(69,233)
(63,529)

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 20 March 2026
Mr AF Greasley
Director
Company registration number 04380988 (England and Wales)
STELLA SOUTH 2002 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 2 -
1
Accounting policies
Company information

Stella South 2002 Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6a Hall Annex Thorncliffe Park Estate, Newton Chambers Road, Chapeltown, Sheffield, South Yorkshire, England, S35 2PH.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The financial statements of the company are consolidated in the financial statements of St Paul's Development Ltd. These consolidated financial statements are available from its registered office.

1.2
Going concern

I true n preparing the financial statements the Board has considered a number of factors. These include the financial performance of the Company since the period end and the cash flow forecasts covering the 12 months following the approval of these accounts. The D irector ha s confirmed that the group will continue to support this company for the foreseeable future. For this reason the Company continues to adopt the going concern basis in preparing its financial statements.

1.3
Stocks

Stocks comprise of land development costs. They are stated at the lower of cost and net realisable value, after provisions.

Cost is based on the cost of direct expenditure, labour and attributable overheads.

Net realisable value is the estimated selling price less all further costs to complete and all costs to be incurred in marketing, selling and distribution.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

STELLA SOUTH 2002 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of 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 deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
3
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
219,233
213,529
STELLA SOUTH 2002 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 4 -
4
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1
5
Parent company

The company is a wholly owned subsidiary of St. Paul's Developments Ltd, a company incorporated in England and Wales.

The director regard s SPD Holdings Limited, a company registered in England, as the ultimate parent company and the ultimate controlling party.

Group accounts are prepared for the groups headed by SPD Holdings Limited. Copies of the group accounts can be obtained from Companies House

2025-11-30 2024-12-01 false false false 20 March 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr AF Greasley Mr AF Greasley 04380988 2024-12-01 2025-11-30 04380988 2025-11-30 04380988 2024-11-30 04380988 core:CurrentFinancialInstruments 2025-11-30 04380988 core:CurrentFinancialInstruments 2024-11-30 04380988 core:ShareCapital 2025-11-30 04380988 core:ShareCapital 2024-11-30 04380988 core:RetainedEarningsAccumulatedLosses 2025-11-30 04380988 core:RetainedEarningsAccumulatedLosses 2024-11-30 04380988 core:ShareCapitalOrdinaryShareClass1 2025-11-30 04380988 core:ShareCapitalOrdinaryShareClass1 2024-11-30 04380988 bus:CompanySecretaryDirector1 2024-12-01 2025-11-30 04380988 2023-12-01 2024-11-30 04380988 bus:OrdinaryShareClass1 2024-12-01 2025-11-30 04380988 bus:OrdinaryShareClass1 2025-11-30 04380988 bus:OrdinaryShareClass1 2024-11-30 04380988 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 04380988 bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 04380988 bus:FRS102 2024-12-01 2025-11-30 04380988 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 04380988 bus:Director1 2024-12-01 2025-11-30 04380988 bus:CompanySecretary1 2024-12-01 2025-11-30 04380988 bus:FullAccounts 2024-12-01 2025-11-30 xbrli:pure xbrli:shares iso4217:GBP