STUK05 Ltd - Filleted accounts

Registered number

11729978

STUK05 Ltd

Filleted Accounts for the year ended

31 December 2025

STUK05 Ltd
Registered number:		11729978
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		1,100,000			1,100,000

Current assets
Debtors	5	266,603			254,104
Cash at bank and in hand		58			3,147
		266,661			257,251

Creditors: amounts falling due within one year	6	(1,015,977)			(330,029)

Net current liabilities			(749,316)			(72,778)

Total assets less current liabilities			350,684			1,027,222

Creditors: amounts falling due after more than one year	7		-			(694,532)



Net assets			350,684			332,690

Capital and reserves
Called up share capital			10			10
Fair value reserve	9		266,395			266,395
Profit and loss account			84,279			66,285

Shareholders' funds			350,684			332,690

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




A Alexandrou
Director
Approved by the board on 28 October 2026

STUK05 Ltd
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes rents receivable and rechargeable expenses on property investment.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than investment property, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Investment property	NIL
	Investment properties are stated at their fair market values.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Going concern

	The accounts have been prepared on the going concern basis assuming the continued support of its directors, associated companies, creditors and lenders. Bank loans due for repayment in July 2026 were re-negotiated successfully for a further 5 years in October 2026 - see notes 8 and 10.


3	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


4	Tangible fixed assets
					Investment property
£
	Fair value
	At 1 January 2025				1,100,000
	At 31 December 2025				1,100,000

	Depreciation
	At 31 December 2025				-

	Fair value
	At 31 December 2025				1,100,000
	At 31 December 2024				1,100,000
	Investment property was last valued by the director on 31 December 2024. The director is of the opinion that the fair value remains unchanged as at 31 December 2025.


5	Debtors		2025		2024
£				£

	Trade debtors		1,869		7,900
	Amounts owed by associated companies		264,724		246,194
	Other debtors		10		10
			266,603		254,104


6	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		706,028		15,390
	Trade creditors		7,250		5,250
	Amounts owed to associated companies		295,471		304,721
	Taxation and social security costs		5,978		3,418
	Other creditors		1,250		1,250
			1,015,977		330,029


7	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		-		694,532


8	Loans		2025		2024
£				£
	Creditors include:

	Secured bank loans		706,028		709,922

	Bank loans are secured by way of a fixed and floating charge over the investment property and all other property of the company at fixed interest rates ranging from 5.7% to 5.95%, expiring in July 2026 (see note 10). The director A Alexandrou is also a guarantor for the full loan amount of £706,028 (2024 - £709,922).


9	Fair value reserve		2025		2024
£				£

	At 1 January 2025		266,395		266,395

	At 31 December 2025		266,395		266,395


10	Events after the reporting date

	Bank loans totalling £706,028 were due for repayment in July 2026, and have therefore been classified as due within one year. On 10 October 2026 the company renewed its bank loan facility for a further period of 5 years at a variable interest rate of 2.25% above Bank of England base rate.


11	Related party transactions

	As at 31 December 2025 the company was loaned the following amounts: £291,071 (2024 - £300,321) by Southern Territory (UK) Limited £Nil (2024 - £2,600) by Friday Hill House Limited £Nil (2024 - £100) by Atlantic Developments (Cudworth) Limited £4,400 (2024 - £1,700) by Icospec Limited. These loans were made on an interest free basis with no set repayment date. These amounts are included within creditors. As at 31 December 2025 the company loaned the following amounts: £195,844 (2024 - £Nil) to Southern Territory Limited £Nil (2024 - £208,294) to Atlantic Lodge (Housing) Limited £34,100 (2024 - £25,500) to STUK10 Ltd £12,880 (2024 - £7,100) to Marlyn Properties Limited £5,300 (2024 - £5,300) to STUK07 Ltd £11,600 (2024 - £Nil) to Friday Hill House Limited £2,200 (2024 - £Nil) to Atlantic Developments (Cudworth) Limited £2,800 (2024 - £Nil) to GK Phoenix Limited These loans were made on an interest free basis with no set repayment date. These amounts are included within debtors. These are all companies in which the director A Alexandrou holds an interest.


12	Controlling party

	The ultimate controlling party is the director A Alexandrou who holds 90% of the issued share capital.


13	Other information

	STUK05 Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Atlantic Business Centre
	1 The Green
	London
	E4 7ES