REGISTERED NUMBER: 11356900 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

STELLARWORKS UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D Hironaka

Mr A C Yang

REGISTERED OFFICE:

4 Sutton Lane

London

EC1M 5PU

REGISTERED NUMBER:

11356900 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

928

CURRENT ASSETS

Stocks

-

77,056

Debtors

5

13,426

38,452

Cash at bank

22,683

135,304

36,109

250,812

CREDITORS

Amounts falling due within one year

6

1,198,162

414,514

NET CURRENT LIABILITIES

(1,162,053

)

(163,702

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,162,053

)

(162,774

)

CREDITORS

Amounts falling due after more than one year

7

123,454

1,133,884

NET LIABILITIES

(1,285,507

)

(1,296,658

)

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

8

(1,285,510

)

(1,296,661

)

(1,285,507

)

(1,296,658

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 13 May 2026 and were signed on its behalf by:

Mr A C Yang - Director

1.	STATUTORY INFORMATION

Stellarworks UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

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.

Plant and machinery

-

20% on cost

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

1,354

4,064

5,418

Disposals

(1,354

)

(4,064

)

(5,418

)

At 31 December 2024

-

-

-

DEPRECIATION

At 1 January 2024

1,354

3,136

4,490

Charge for year

-

633

633

Eliminated on disposal

(1,354

)

(3,769

)

(5,123

)

At 31 December 2024

-

-

-

NET BOOK VALUE

At 31 December 2024

-

-

-

At 31 December 2023

-

928

928

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

12,316

35,661

Other debtors

3

3

VAT

1,107

2,788

13,426

38,452

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

581,564

342,889

Tax

3,500

-

Social security and other taxes

-

4,237

Other creditors

2,591

36,323

Net wages

3,825

-

Pensions

3

2,065

Accruals and deferred income

606,679

29,000

1,198,162

414,514

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed to group undertakings

123,454

1,133,884

8.

RESERVES

Retained

earnings

£

At 1 January 2024

(1,296,661

)

Profit for the year

11,151

At 31 December 2024

(1,285,510

)

9.	ULTIMATE CONTROLLING PARTY

During the period the controlling party was Mr M J Jones. Following the year end date Stellarworks Holdings Limited, a company registered in Hong Kong (registration number 891522) has acquired the company.